Crypto token unlocks halve to $3B in August — SUI, FTN top the list
Main Idea
Crypto token unlocks are expected to drop significantly to $3 billion in August, a 52% decrease from July, with SUI and FTN leading the list, while investors adopt a more nuanced view of token releases.
Key Points
1. Crypto token unlocks are projected to fall to $3 billion in August, down 52% from $6.3 billion in July.
2. SUI will release $167.62 million in vested tokens on August 1, the largest unlock for the month, with only 34.5% of its tokens unlocked in August.
3. Fasttoken will unlock $91.6 million on August 18, but the impact may be minimal as over 94% of its tokens are already in circulation.
4. Other notable unlocks include Aptos ($51.5 million), Avalanche ($40.35 million), and Arbitrum ($39.24 million).
5. Vincent Kadar, CEO of Polymath, notes the 50% drop in unlock value is significant but not indicative of a long-term slowdown, reflecting a shift in investor focus to token fundamentals like governance and utility.
Description
Polymath CEO Vincent Kadar told Cointelegraph that investors are shifting from “unlock anxiety” to a more nuanced view of token releases.
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