In the month of July, a significant event is set to occur in the cryptocurrency sphere as tokens with a combined value of **$755 million** are scheduled to be released from their vesting constraints, affecting over 40 distinct projects. This release marks the culmination of the vesting periods designed to secure the tokens against premature selling by initial investors and project teams, a strategy aimed at stabilizing prices during a project’s nascent stages.
The vesting schedule tracker, Token Unlocks, has pinpointed that the most substantial release of crypto assets in July 2024 will involve prominent projects such as AltLayer (**ALT**), Xai (**XAI**), Aptos (**APT**), Arbitrum (**ARB**), Optimism (**OP**), Sui (**SUI**), Immutable (**IMX**), and Starknet (**STRK**).
**AltLayer**, a decentralized protocol, is poised to execute the largest token release in July. On the 25th of that month, the project is slated to distribute approximately 684 million **ALT** tokens, estimated to be worth around **$125 million**. These tokens are designated for the project’s team, investors, advisors, protocol enhancement, treasury, and the broader community.
Following AltLayer, the gaming-centric project **Xai** is preparing to unlock the second most substantial sum, with tokens valued at roughly **$93 million** set to be released on July 9. Similar to AltLayer, these assets are allocated for the project’s team, investors, and ecosystem, with an additional **$2 million** reserved for its financial reserves.
At present, the market price for **ALT** tokens stands at approximately **$0.18**, while **XAI** tokens are trading at **$0.46**.
In a related context, the term ‘money-hungry VCs’ has been used to critique the impact of venture capitalists on token launches over the long term, according to an analyst.
Focusing on projects with a routine schedule for token releases, **Aptos** is noteworthy for having unlocked **$101 million** in May and **$102 million** in June. The project is on track to liberate an additional 11.31 million **APT** tokens, valued at **$77 million**, in July. These tokens are apportioned to the foundation, community, core contributors, and investors.
The three-month price trajectory of Aptos tokens, as reported by CoinGecko, shows a significant decline. From a peak of **$17.63** on April 1, the price plummeted to **$6.99** by June 28, translating to a 60% decrease over the three-month period.
**Arbitrum** is another project with a notable token release pattern, having liberated **$95 million** in May and **$105 million** in June. The project is scheduled to release an additional **$75 million** in tokens on July 16, earmarked for its team, advisors, and investors. Moreover, on March 16, Arbitrum made a substantial release of 1.1 billion **ARB** tokens, worth an astounding **$2.32 billion**.
Since this significant release, the price of **ARB** has experienced a 63% reduction, falling from a high of **$2.27** on March 8 to just **$0.82** at the current writing.
Other projects such as **Optimism**, **Sui**, **Immutable**, and **Starknet**, which have previously unlocked millions in their native tokens, are anticipated to follow suit with comparable releases in July.
In the realm of digital asset security, as the challenge of phishing on the Ethereum network intensifies, malicious actors are shifting their focus to alternative platforms like TON and Bitcoin.