August signals a period of significant activity in the altcoin market. Throughout the month, various altcoins will experience token unlocks totaling over $580 million. Such large token unlocks can often lead to an increase in supply, causing price drops. Here are the major altcoins with token unlocks in August and their potential market impacts.
Immutable (IMX)
Immutable (IMX) will unlock 32.47 million IMX tokens on August 9. The unlocked tokens represent 2.11% of the current supply. IMX‘s price at the time of writing is $1.36, a 4.90% drop in the last 24 hours.
XAI (XAI)
XAI (XAI) will unlock 35.88 million tokens on August 9. These tokens account for 6.91% of the circulating supply. At the time of writing, XAI’s price is approximately $0.2938, a 3.15% drop in the last 24 hours.
Aptos (APT)
Aptos (APT) will unlock 11.31 million APT tokens on August 12. This amount represents 2.41% of the circulating supply and has a value of $75.21 million. APT‘s price at the time of writing is $6.35.
The Sandbox (SAND)
The Sandbox (SAND) is preparing for a massive token unlock of 205.59 million SAND tokens. This amount is equal to 9% of SAND’s circulating supply and is valued at $66.95 million. SAND is currently trading at $0.3074.
Starknet (STRK)
Starknet (STRK) will unlock 64 million STRK tokens on August 15. These tokens represent 4.38% of the current supply and are valued at $31.98 million. STRK‘s price is $0.4709.
Arbitrum (ARB)
Arbitrum (ARB) will unlock 92.65 million ARB tokens on August 16. These tokens account for 2.77% of the circulating supply and are valued at $63.26 million. ARB is currently trading at $0.644.
ApeCoin (APE)
ApeCoin (APE) will unlock 15.60 million APE tokens valued at $12.23 million on August 17. These unlocked tokens represent 2.31% of the circulating supply.
APE‘s price has dropped 5.78% in the last 24 hours to $0.728. The lowest and highest prices in the last 24 hours were $0.7252 and $0.7853, respectively.
Oasis Network (ROSE)
Oasis Network (ROSE) will unlock 151 million ROSE tokens on August 18. These tokens are valued at $12.57 million and represent 2.24% of the circulating supply.
ROSE‘s price has dropped 3.75% in the last 24 hours to $0.0783. The lowest and highest prices in the last 24 hours were $0.078 and $0.08344, respectively.
Pixels (PIXEL)
Pixels (PIXEL) will unlock 54.37 million PIXEL tokens valued at $10.17 million on August 19. These tokens represent 7.05% of the circulating supply.
PIXEL‘s price has dropped 2.54% in the last 24 hours to $0.178. The lowest and highest prices in the last 24 hours were $0.1704 and $0.1876, respectively.
Avalanche (AVAX)
Avalanche (AVAX) will unlock 9.54 million AVAX tokens valued at $254.96 million on August 20. This represents 2.42% of the circulating supply. AVAX‘s price has dropped 3.53% in the last 24 hours to $25.25. The lowest and highest prices in the last 24 hours were $24.97 and $26.82.
These planned token unlocks could pressure altcoin prices, so investors should be cautious. Large supply increases can often lead to price drops.
