Author: Bundit, Unlocks Insights; Compiler: Deng Tong, Golden Finance
Hello, TokenUnlock enthusiasts! We are here to update the unlocking activities in July 2024. This month will show important unlocking activities from various projects, and Worldcoin's $WLD is leading the way in terms of both scale and value. Take a moment to check if the tokens you currently hold are part of this month's unlocking, and be cautious if you participate in these token investments.
Let's explore the total unlocking in July 2024, including cliff unlocking and linear unlocking. The figure below shows the unlocking value of the top 15 projects, emphasizing their size relative to the circulating supply and total supply.
$WLD has the highest unlocked amount this month, exceeding $600 million, accounting for 53.36% of the current circulating supply.
$SOL ranks second with an unlocked amount of over $400 million. Despite the considerable value, due to the high market value of $SOL, the unlocked amount only accounts for 0.5% of the current circulating supply.
$ALT has a large unlocked amount this month, accounting for nearly 45% of the current circulating supply.
$XAI also has the highest amount unlocked this month, accounting for 71.59% of its current circulating supply.
Let’s review the top 15 projects with the highest planned unlock value in July 2024.
This month, $ALT and $XAI have significant cliff unlocked values at current prices, with significant increases in unlock size compared to current circulating supply, at 45% and 71% respectively.
Important unlocking events this month are highlighted in red (unlocking scale greater than 10%), including the following:
On July 1, 2024, the unlocking scale of $MAV will be 14.56%;
On July 9, 2024, the unlocking scale of $XAI will be 71.59%;
On July 25, 2025, the unlocking scale of $ALT will be 44.99%.
Thinking about long-term investing? It’s critical to consider the longer time horizon for token unlocks.
$ALT has significant cliff unlocks this month that will continue into this quarter and next, ranking in the top 3 by market cap.
$ARB will have the largest cliff unlock by market cap before next quarter, increasing unlocks from 92 million tokens to 555 million tokens by the end of the year.
$XAI remains the highest issuance token with a maximum unlock of 38% of its total supply between now and the end of the year.
Other tokens with significant unlocks relative to their total supply include $ZETA, $DYDX, $GAL, $IMX, and $ID.
Long-term investors should focus on tokens with higher cliff unlocks this month, this quarter, and next quarter, sorted by unlock value in July 2024.
Projects with significant cliff unlocking value between now and the end of the year can be identified by the length of the gray bar, which is significantly longer than the red and pink bars. This bar visualization makes it easier to spot tokens with significant cliff unlocking value, such as $1INCH. Due to the cliff unlocking scheduled for the team/investors/VCs at the end of November, the gray bar for $1INCH is significantly longer compared to the previous quarter.
Let’s take a look at the 15 projects with the highest linear unlocks in July 2024.
$WLD has the highest linear unlock value this month, with over $600 million set to be unlocked at current prices, nearly half of the current circulating supply.
$SOL follows closely behind with the second-highest linear unlock value this month at over $400M, albeit a relatively small unlock of just 0.5% of circulating supply and 0.39% of total supply.
$MC will experience its most significant linear token unlock this month, with over 80% of its current circulating supply unlocked.
The table below lists the linear and new issue token unlocks scheduled for July 2024, sorted alphabetically by each token’s symbol.
In addition to the top 15 projects with the highest linear unlocking values, three other projects stand out for their significant unlocking scale:
$NEON ranks third in linear unlocking scale this month, releasing nearly half of its circulating supply.
$LBR has experienced significant linear unlocking, accounting for 11% of its current circulating supply and nearly 8% of its total supply.
$HOP stands out for its 10.79% linear unlock, though its relatively low market cap results in less than $1 million worth of unlock.
The table below illustrates the extended timeframes for linear and new issuance unlocks for various projects.
$NEON will have a sizeable unlock this year, with nearly 30% of its total supply unlocked.
$LBR will continue to unlock this quarter until the end of the year, and the unlocking scale will reach a quarter of the total supply by the next quarter.
$BEAM's unlocking scale is also considerable, reaching 20% of the total supply by the end of the year, with an unlocking value of more than $300 million at current prices.
This month, this quarter, and next quarter, sorted by unlocked value in July 2024. Long-term investors should focus on tokens with high cliff unlocking values.
When comparing unlocked value, projects with higher market capitalization have a greater impact than projects with smaller market capitalization. As shown in the figure above, most of the top 10 projects have relatively high market capitalizations.
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