Token unlocks occur when previously restricted tokens are transferred into the private crypto wallets of early investors, team members, or partners, making them available for trading on the market. These events can significantly influence the price of the affected cryptocurrencies and the overall value of your portfolio. Here are ten important token unlocks to watch for in August 2024:
1. **Wormhole (W)**: The Wormhole team will unlock 600 million W tokens for its advisors. This represents 33.33% of the circulating supply, valued at $170.70 million. Current unlock status:
- Total locked tokens: 8 billion W (70.95%)
- Unlocked tokens: 2 billion W (20.05%)
2. **ENA**: On August 4, 2024, 14.89 million ENA tokens will be unlocked for ecosystem development. This is valued at $6.68 million and constitutes 0.87% of the circulating supply. Current unlock status:
- Total locked: 8.38 billion ENA (55.89%)
- TBD locked: 5.29 billion ENA (35.26%)
- Unlocked: 1.33 billion ENA (8.85%)
- Note: "TBD" refers to tokens not yet assigned a release date.
3. **Liquity (LQTY)**: On August 4, 2024, Liquity will unlock 493.01k LQTY tokens for its team and advisors. This release is valued at $391.95k, equating to 0.51% of the circulating supply. Current unlock status:
- Total locked: 8.39 million LQTY (8.39%)
- Unlocked: 91.55 million LQTY (91.55%)
- Untracked: 62.50k LQTY (0.06%)
4. **Immutable (IMX)**: On August 9, 2024, Immutable will release 32.47 million IMX tokens for ecosystem and project development. This unlock is valued at $46.76 million and makes up 2.11% of the circulating supply. Current unlock status:
- Total locked: 448.62 million IMX (22.43%)
- Unlocked: 1.55 billion IMX (77.57%)
5. **XAI**: On August 9, 2024, 198.40 million XAI tokens will be unlocked for the team, investors, reserves, and ecosystem. This release is valued at $11.72 million and is 12.95% of the circulating supply. Current unlock status:
- Total locked: 999.35 million XAI (39.97%)
- Unlocked: 500.40 million XAI (20.02%)
- Untracked: 1 billion XAI (40.01%)
6. **Render (RENDER)**: Render will unlock 760.57k tokens on August 15, 2024, as part of its inflation schedule. This amount is valued at $4.77 million and is 0.19% of the circulating supply. Current unlock status:
- Total locked: 30.95 million RENDER (4.80%)
- TBD locked: 235.03 million RENDER (36.48%)
- Unlocked: 309.45 million RENDER (48.03%)
- Untracked: 68.82 million RENDER (10.68%)
7. **Arbitrum Network (ARB)**: On August 16, 2024, Arbitrum Network will unlock 92.65 million ARB tokens for the development team, advisors, and investors. This release is valued at $66.07 million and represents 2.77% of the circulating supply. Current unlock status:
- Total locked: 3.44 billion ARB (34.39%)
- TBD locked: 3.40 billion ARB (34.04%)
- Unlocked: 3.16 billion ARB (31.57%)
8. **Avalanche (AVAX)**: On August 20, 2024, the Avalanche team will release 9.58 million AVAX tokens to strategic partners, team members, foundation, and for airdrops. This unlock is valued at $261.54 million and is 2.41% of the circulating supply.
9. **Yield Guild Games (YGG)**: On August 27, 2024, the Yield Guild Games team will unlock 14.08 million YGG tokens for the community, founders, investors, and treasury. This release is valued at $6.66 million and accounts for 3.73% of the circulating supply. Current unlock status:
- Total locked: 331.48 million YGG (33.15%)
- Unlocked: 668.52 million YGG (66.85%)
10. **SingularityNET (AGIX)**: On August 28, 2024, the SingularityNET network will unlock 8.32 million AGIX tokens for its AGIS-ADA utility. This release is valued at $4.50 million and represents 3.73% of the circulating supply. Current unlock status:
- Total locked: 554.64 million AGIX (27.73%)
- Unlocked: 1.45 billion AGIX (72.27%)
These token unlock events can greatly influence the price movements of these cryptocurrencies and the overall market. Stay informed and trade carefully.
