The cryptocurrency landscape is poised for significant activity this July, with a staggering $350 million worth of tokens set for release. Among the key players, Worldcoin, XAI, Arbitrum, and Aptos are gearing up for substantial token unlocks, each with unique impacts on the market.

Worldcoin’s Double Unlock Rate Amid Price Drop

Worldcoin’s token has experienced a dramatic decline, plummeting 80% since its peak in March. This drop coincides with the release of OpenAI’s text-to-video AI model Sora, co-founded by Sam Altman. Despite this downturn, Worldcoin is preparing to double its daily token unlock rate. Beginning July 24, the project will release 6.62 million tokens daily, valued at approximately $13.3 million, a significant increase from the current 3.19 million tokens per day.

XAI: Gaming Powerhouse

On July 9, XAI, a Layer 3 gaming-centric project on Arbitrum, will unlock tokens valued at $70 million. This move is expected to bolster its position in the gaming sector, enhancing liquidity and market engagement.

ImmutableX: A Web3 Gaming Giant’s Next Move

ImmutableX, known for its Web3 gaming innovations, will unlock 32.5 million tokens on July 12, valued at $43 million. This unlock represents 2.15% of its circulating supply. ImmutableX has been identified as a potential top 25 token by market cap, driven by releases like Illuvium.

Aptos: Continuing the Libra Legacy

Aptos, staffed by former Facebook Libra project members, will release another 2.49% of its circulating supply on July 12. This translates to 11.31 million tokens, worth around $68 million, further strengthening its market presence.

StarkNet: Enhancing Ethereum Layer 2

StarkNet, an Ethereum Layer 2 network, will unlock 64 million tokens on July 15, valued at approximately $37 million. This unlock represents 4.9% of its circulating supply, aligning with its 2024 roadmap to improve throughput and reduce transaction fees.

Arbitrum: Scaling New Heights

Arbitrum, recently hitting $150 billion in total volume on Uniswap, will unlock 92.6 million tokens on July 16, valued at $64 million. This release, accounting for 2.9% of its circulating supply, underscores Arbitrum’s significant market influence.