Over $100 Million Worth of Tokens Set to Unlock in August, Says Report

IconCryptoNewsTerminal Staff31 Jul, 2024

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Over $100 Million Worth of Tokens Set to Unlock in August, Says Report

Cryptocurrency news outlet Blockchain.com reported that data from Token Unlocks shows that more than $100 million worth of tokens are scheduled to be unlocked in August. The report also states that the majority of the tokens being unlocked are from projects that have raised funds through Initial Coin Offerings (ICOs). Some of the notable projects that will be unlocking tokens in August include: Filecoin: $70 million worth of FIL tokens The Graph: $20 million worth of GRT tokens * Helium: $10 million worth of HNT tokens These token unlocks could have a significant impact on the cryptocurrency market. If a large number of tokens are sold, it could lead to a decrease in the price of the tokens. However, if the tokens are used to build and improve the projects, it could lead to an increase in the price of the tokens. Only time will tell what impact these token unlocks will have on the cryptocurrency market.

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