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Top 10 Crypto Token Unlocks For July 2024

Photo for the Article - Top 10 Crypto Token Unlocks For July 2024

New month, new scheduled token unlocks.

This month, over $519 million worth of crypto from the largest 10 token unlocks is anticipated.

What’s the Significance: 

Investors should stay informed about the top 10 crypto token unlocks for July 2024 as these events significantly influence market prices, investment decisions, and risk management strategies. 

Token unlocks, which occur when specific conditions are met, allow trading of previously restricted tokens. This gradual release strategy discourages immediate selling by early stakeholders, aiming to stabilize prices and align token holders’ interests with the project’s long-term success.

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(Read more: Ultimate Guide to Solana Airdrops 2024 and 10 Potential Crypto Airdrops to Watch Out For in 2024)

What are token unlocks?

Token unlocking is a process enabling the trading of cryptocurrencies or digital tokens after predetermined timeframes or conditions are met. This approach discourages immediate selling by team members, advisors, and early investors.

Close-Up Shot of Silver and Gold Round Coins - 
Crypto Token Unlocks

By gradually releasing tokens over extended periods, typically spanning months or years, this mechanism aims to stabilize prices and align the interests of token holders with the project’s long-term success.

July 2024 Token Unlocks

IO (IO)

  • Unlock Date:  July 1
  • Tokens: 7.60 million IO ($23.55 million)
  • About IO:

IO tokens are the crypto of io.net, a decentralized AI computing and cloud platform where computing power providers can contribute to the network and earn rewards in tokens. Simultaneously, machine learning startups can utilize IO to power their projects.

IO token’s Cliff Unlock will release 7.89% of its circulating supply, valued at $23.55 million, representing 7.44% of the market cap, to its community.

Currently, 73% of the total supply is locked, amounting to 580.74 million IO, while 72.59% is unlocked at 94.26 million tokens, and 11.78% is untracked at 125.00 million IO, representing.

XAI (XAI)

  • Unlock Date: July 9
  • Tokens: 198.40 million XAI ($84.30 million)
  • About XAI : 

The Xai (XAI) token acts as both a gas token and the main currency for games and in-game items, allowing smooth transactions and rewarding validators. It was created to support real economies and open trade in next-generation video games.

XAI’s Cliff Unlock this month will allocate 71.43 million XAI to the Team; 103.95 million XAI to Investors; 3.38 million XAI to the Reserve; and 19.64 million XAI to the Ecosystem .

Immutable (IMX)

  • Unlock Date:  July 14
  • Tokens:  32.47 million IMX ($50.99 million)
  • About IMX:

The IMX token enables gas-free NFT minting and trading with zero-knowledge rollups in Immutable, ensuring security. It supports web3 gaming infrastructure, offering seamless integration for developers and authentic digital asset ownership in games. Additionally, IMX serves as a utility token, collecting fees, incentivizing contributors, and facilitating governance within the Immutable X ecosystem.

The Cliff Unlock allocates 15.91 million IMX for Ecosystem Development and 16.56 million IMX for Project Development.

Aptos (APT)

  • Unlock Date:  July 12
  • Tokens: 11.31 million APT ($77.92 million)
  • About APT:

The Aptos (APT) token functions as a utility and governance token in its ecosystem, serving as the native token for transaction and network fees on the Aptos network. It provides incentives to validator nodes and participants in Aptos projects through rewards.

APT tokens will be released via Cliff Unlock where 1.33 million APT will be given to the Foundation, 3.21 million APT to the Community, 3.96 million APT to Core Contributors , and 2.81 million APT to Investors.

Optimism (OP)

  • Unlock Date: July 15
  • Tokens: 10 million OP ($17.40 million)
  • About OP: 

The OP token is the governance token in the Optimism ecosystem, which enables holders to participate in governance activities within the Optimism Collective and influence protocol-related decisions.

This month’s cliff unlock only designates 10 OP (0.92% of circulating supply) for Retroactive Public Goods Funding, valued at $17.40 million.

As of writing, a total of 897.70 million OP tokens are currently locked (20.90%), with 2.23 billion OP tokens TBD locked (51.97%), while 1.17 billion OP tokens are currently unlocked (27.13%).

Starknet (STRK)

  • Unlock Date:  July 15
  • Tokens: 64 million STRK ($41.54 million)
  • About STRK:

The Starknet Token (STRK) is essential to Starknet, a platform developed by StarkWare Industries to tackle Ethereum’s scalability issues using STARK technology. Starknet offers unlimited scalability for Ethereum applications while upholding security and decentralization. 

STRK performs several roles, such as paying transaction fees, influencing governance decisions, and participating in staking on the network.

For this month, the scheduled unlock allocated 33.57 million STRK tokens to Early Contributors, and 30.43 million STRK tokens to Investors.

Arbitrum (ARB)

  • Unlock Date:  July 16
  • Tokens: 92.65 million ARB ($72.03 million)
  • About ARB:

The ARB token functions as a utility token on the Abitrum Network, used for transaction fees and governance decisions. Users can pay transaction fees with ARB, and token holders influence governance choices, including fund allocation and Security Council elections. The Security Council oversees Arbitrum’s treasury and network security, ensuring network functionality and governance effectiveness.

Arbitrum will release tokens via cliff unlock. It will distribute 56.13 million ARB tokens to Team, Future Team, and Advisors; while 36.52 million ARB tokens are allocated to Investors.

Pixels (PIXEL)

  • Unlock Date: July 19
  • Tokens: 54.38 million PIXEL ($12.79 million)
  • About PIXEL: 

The PIXEL token is the native currency of the Pixels ecosystem, a blockchain-based gaming world centered on farming and exploration. It facilitates in-game transactions, NFT minting, VIP memberships, and community governance. The token also enhances player engagement through rewards and campaigns.

A total of 54.38 million Pixel will be released via cliff unlock this month. Pixel allocated 8.33 million tokens to Advisors, 28.33 million PIXEL tokens for Ecosystem Reward, and 17.71 million PIXELs to the Treasury.

Worldcoin (WLD)

  • Unlock Date: July 24
  • Tokens: 6.62 million WLD ($16.94 million)
  • About APE: 

Worldcoin (WLD) is a cryptocurrency project focused on creating a global identity system for the internet, using the WLD token for transactions and the World ID network to verify users’ identity while preserving privacy.

Worldcoin will release tokens through a Linear Unlock, distributing 3.19 million WLD per day to the Worldcoin Community for 730 days. The Initial Development Team will receive 1.85 million WLD per day, andTFH Investors will get 1.30 million WLD per day. The TFH Reserve will receive 273.97k WLD per day.

AltLayer (ALT)

  • Unlock Date: June 25
  • Tokens: 684.21 million ALT ($114.98 million)
  • About ALT: 

The ALT token is the utility token of AltLayer, a platform developing decentralized solutions for various industries. ALT serves two main purposes: acting as an economic bond where users stake ALT and other assets to ensure economic security, and functioning in governance, transactions, and payment for services within the AltLayer network.

AltLayer will also have a cliff unlock; Protocol Development will receive 35.42 million ALT tokens, Ecosystem and Community will be allocated 25 million ALT tokens, and the Treasury will receive 44.79 million ALT tokens.

June 2024 Token Unlocks

Aptos (APT)

  • Unlock Date:  June 12
  • Tokens: 11.31 million APT ($102.58 million)
  • About APT:

The Aptos (APT) token functions as a utility and governance token in its ecosystem, serving as the native token for transaction and network fees on the Aptos network. It provides incentives to validator nodes and participants in Aptos projects through rewards.

The cliff unlock for this period includes 1.33 million APT ($12.09 million) for the Foundation, 3.21 million APT ($29.12 million) for the Community, 3.96 million APT ($35.90 million) for Core Contributors, and 2.81 million APT ($25.47 million) for Investors.

Immutable (IMX)

  • Unlock Date:  June 14
  • Tokens: 25.35 million IMX ($56.93)
  • About IMX:

The IMX token powers gas-free NFT minting and trading with zero-knowledge rollups in Immutable, ensuring security. It supports web3 gaming infrastructure, offering seamless integration for developers and authentic digital asset ownership in games. Additionally, IMX acts as a utility token, gathering fees, incentivizing contributors, and facilitating governance in the Immutable X ecosystem.

IMX June unlock includes 15.91 million IMX ($35.33 million) for Ecosystem Development and 9.62 million IMX ($21.35 million) for Project Development.

Starknet (STRK)

  • Unlock Date:  June 15
  • Tokens: 60 million STRK ($74.88)
  • About STRK:

The Starknet Token (STRK) is integral to Starknet, a platform by StarkWare Industries addressing Ethereum’s scalability challenges through STARK technology. Starknet promises unlimited scalability for Ethereum apps while maintaining security and decentralization. STRK serves multiple functions, including covering transaction fees, influencing governance decisions, and engaging in staking activities within the network.

For this month, Starknet will release tokens to; early contributors receiving 33.57 million tokens and investors will get 30.43 million tokens.

Arbitrum (ARB)

  • Unlock Date:  June 16
  • Tokens: 92.65 million ARB ($104.69 million)
  • About ARB:

The ARB token serves as a utility token for the Abitrum Network’s transaction fees and governance decisions. Users can pay transaction costs with ARB, while token holders influence governance choices such as fund allocation and Security Council elections. The Security Council oversees Arbitrum’s treasury and network security, ensuring overall network functionality and governance empowerment.

This month, Arbitrum’s cliff unlock will allocate 56.13 million ARB tokens for the team, future team, and advisors valued at $63.42 million. On the other hand, investors were allocated 36.52 million ARB tokens worth $41.27 million.

ApeCoin (APE)

  • Unlock Date: June 17
  • Tokens: 15.60 million APE ($20.13 million)
  • About APE: 

APE serves as the governance token within the Bored Ape Yacht Club ecosystem, offering utility in multiple applications, including transactions involving in-game assets.

As per the data, for this month, the Yuga Labs founder will receive 2.22 million APE tokens, Launch Contributors 3 had an allocation of 833.33k APE tokens, while Charity will receive 277.78k APE tokens. Moreover, Launch Contributors 2 will get 757.58k APE tokens, the Treasury will obtain 7.34 million APE tokens and Yuga Labs will receive 4.17 million APE tokens.

Pixels (PIXEL)

  • Unlock Date: June 19
  • Tokens: 54.38 million PIXEL ($25.12 million)
  • About PIXEL: 

The PIXEL token is native token of the Pixels ecosystem, a blockchain-based gaming world focused on farming and exploration. It supports in-game transactions, NFT minting, VIP memberships, and community governance. PIXEL also boosts player engagement with rewards and campaigns.

This month’s the Cliff Unlock, advisors will receive 8.33 million PIXEL tokens worth $3.85 million. Ecosystem rewards will distribute 28.33 million PIXEL tokens valued at $13.09 million, and the Treasury will be allocated 17.71 million PIXEL tokens worth $8.18 million.

Space ID (ID)

  • Unlock Date: June 22
  • Tokens: 78.49 million ID ($56.69 million)
  • About ID: 

Space ID (ID) is a multi-blockchain name service network where users can register web3 domains on platforms like BNB Chain and Arbitrum. The ID Token is central to the network, serving as the governance token that allows users to influence the project’s decisions and future direction. Additionally, it facilitates the trading and management of domains within the Space ID ecosystem.

This month’s allocations will be released through a Cliff Unlock. The Ecosystem Fund will receive 2.78 million tokens, the Foundation will get 5 million tokens, and the Seed Sale will distribute 20 million tokens. The Strategic Sale will allocate 13.33 million tokens, while the Community Airdrop will provide 5.83 million tokens. Additionally, 4.88 million tokens will be designated for Marketing, 11.67 million for Advisors, and the Team will receive 15 million tokens.

AltLayer (ALT)

  • Unlock Date: June 25
  • Tokens: 105.21 million ALT ($36.67 million)
  • About ALT: 

The ALT token is the main utility token of AltLayer, a platform working on decentralized solutions for different industries. ALT has two main uses: First, it acts as an economic bond, where users stake ALT and other assets to ensure economic security. If someone behaves maliciously, their stakes can be reduced as a penalty. Second, ALT tokens can be used for governance, transactions, and paying for services within the AltLayer network.

AltLayer will also have a cliff unlock; Protocol Development will receive 35.42 million ALT tokens, Ecosystem and Community will be allocated 25 million ALT tokens, and the Treasury will receive 44.79 million ALT tokens.

Echelon Prime (PRIME)

  • Unlock Date:  June 30
  • Tokens: 1.66 million PRIME ($27.69 million)
  • About PRIME:

Echelon Prime (PRIME) serves as the native token of the Echelon Prime Foundation, a web3 ecosystem with a focus on advancing the next generation of gaming. PRIME token aims to enhance gaming experiences by leveraging blockchain features, aiming for frictionless and compelling utility within the web3 gaming landscape.

This month, Echelon Prime will release tokens to the Parallel Studios Reserve and will receive 912.04k PRIME tokens, while the Parallel Studios Investors will be allocated 750.00k PRIME tokens.

Optimism (OP)

  • Unlock Date: June 30
  • Tokens: 31.34 million OP ($77.41 million)
  • About OP: 

The OP token serves as the governance token within the Optimism ecosystem, granting holders the authority to engage in governance activities within the Optimism Collective and influence decisions related to the protocol.

During the token’s cliff unlock, Core Contributors will receive 16.54 million OP tokens, while Investors will be allocated 14.80 million OP tokens.

May 2024 Token Unlocks

Sui (SUI)

  • Unlock Date:  May 3
  • Tokens: 34.62 SUI ($38.77 million)
  • About SUI:

SUI functions as both the governance and utility token within the Sui Network, facilitating holding, spending, sending, and staking activities. Serving as the platform’s governance token, SUI holders have the authority to vote on and suggest updates to the Sui protocol, influencing aspects such as fee distribution among platform users and overall structure.

All tokens to be unlocked will go to Sui’s Community Access Program.

Currently, 35% of SUI tokens are locked, 52% are TBD for locking, and 13% are unlocked.

MEMEcoin (MEME)

  • Unlock Date:  May 03
  • Tokens: 5.3 billion MEME ($128.26 million)
  • About MEME:

MEMEcoin strives to become the premier meme-based cryptocurrency. It is the native ecosystem token of Memeland, the web3 venture studio by 9GAG, the globally popular meme platform.

On May 3, 2024, MEMEcoin will initiate a significant distribution event dividing 5.3 billion in two unlocks.

For the Cliff Unlock, there will be an Airdrop distribution of 3.45 billion tokens, representing 20.39% of the circulating supply. Moreover, the Advisory will receive 1.04 billion tokens, equivalent to 6.12% of the circulating supply, and the Investors will have an allocation of 828.00 million tokens.

Additionally, a Linear Unlock event will happen where a Fire Sale distributes 10.41 million tokens per day for 184 days. Further, an Ecosystem allocation of 25.49 million tokens per day for 184 days will occur, and a new allocation for Investors will also happen where 13.57 million tokens per day will be released for 184 days.

Mavia (MAVIA)

  • Unlock Date:  May 06
  • Tokens: 7.66 million APT ($26.96 million)
  • About MAVIA:

Mavia (MAVIA) is the native token of Heroes of Mavia, a mobile web3 MMO Strategy game. MAVIA powers the game’s ecosystem and governance. It enables players to earn tokens through gameplay, facilitates base building, and allows competition for cryptocurrency rewards. Holding MAVIA tokens grants exclusive in-game benefits, including access to cosmetics, decorations, and skins, as well as participation in Legendary Marketplace trading for non-fungible tokens (NFTs) within the game.

The upcoming Cliff Unlock will include a Pre-Sale that is set to distribute 2.33 million MAVIA tokens, Gameplay Rewards have an allocation of 978.26 thousand tokens, and the Community & Ecosystem will receive 4.35 million MAVIA.

Aptos (APT)

  • Unlock Date:  May 12
  • Tokens: 11.31 million APT ($98.40 million)
  • About APT:

The Aptos (APT) token functions as a utility and governance token in its ecosystem, serving as the native token for transaction and network fees on the Aptos network. It provides incentives to validator nodes and participants in Aptos projects through rewards.

On May 12, Aptos is set to have a cliff unlock where the Foundation receives 1.33 million APT tokens, the Community will have 3.21 million APT, Core contributors will be allocated 3.96 million tokens, and Investors will get 2.81 million APT tokens.

Starknet (STRK)

  • Unlock Date:  May 15
  • Tokens: 64 million STRK ($78.08)
  • About STRK:

The Starknet Token (STRK) is a crucial component of Starknet, a platform developed by StarkWare Industries to overcome Ethereum’s scalability issues using STARK technology. Starknet ensures unlimited scalability for Ethereum applications while upholding security and decentralization. STRK has various roles within the network, such as covering transaction fees, contributing to governance decisions, and participating in staking activities.

For its Cliff Unlock, Early Contributors will receive 33.57 million STRK tokens, constituting 4.61% of the circulating supply; while Investors will be allocated 30.43 million STRK tokens, comprising 4.18% of the circulating supply.

Aevo (AEVO)

  • Unlock Date:  May 15
  • Tokens: 882.77 million AEVO ($1.6 billion)
  • About AEVO:

Aevo (AEVO) serves as the core cryptocurrency of the Heroes of Mavia gaming ecosystem, a mobile web3 MMO strategy game. AEVO functions in multiple crucial roles, acting as the native token for gameplay, facilitating land acquisition for base construction, and offering players the opportunity to compete for real cryptocurrency rewards.

Holding AEVO provides gamers with exclusive in-game benefits, including access to unique cosmetics, decorations, and skins, as well as the ability to trade Legendary Items, NFTs utilized and traded within the game. Moreover, AEVO token holders play an active role in the governance of the Heroes of Mavia ecosystem, contributing to decisions on network upgrades, new listings, and general DAO governance.

During the Cliff Unlock on May 15, a significant allocation of AEVO tokens will be distributed across various categories. Initial Private Sale Investors will receive 172.97 million AEVO tokens, while the Team was allocated 215.04 million tokens. Moreover, the DAO Treasury will receive 336.59 million AEVO tokens, equivalent to 305.99% of the circulating supply. Additionally, the remaining RBN in circulation amounts to 103.00 million AEVO tokens, valued at $144.20 million.

Following the Cliff Unlock, a Linear Unlock event was introduced with a duration of 9 days. During this period, Initial Private Sale Investors were granted 1.46 million AEVO tokens per day, totaling approximately $18.45 million. Similarly, the Team received 1.82 million AEVO tokens per day, totaling approximately $22.94 million. Additionally, the DAO Treasury was allocated 2.85 million AEVO tokens per day, totaling approximately $35.90 million.

Arbitrum (ARB)

  • Unlock Date:  April 16
  • Tokens: 92.65 million ARB ($94.78 million)
  • About ARB:

The ARB token serves as a utility token for the Arbitrum Network’s transaction fees and governance decisions. Users can pay transaction costs with ARB, while token holders influence governance choices such as fund allocation and Security Council elections. The Security Council oversees Arbitrum’s treasury and network security, ensuring overall network functionality and governance empowerment.

During the Cliff Unlock, ARB tokens will be distributed among various entities as follows: The Team, Future Team, and Advisors will collectively receive 56.13 million ARB tokens. Furthermore, Investors will be allocated 36.52 million ARB tokens.

Immutable (IMX)

  • Unlock Date:  May 17
  • Tokens: 25.53 million IMX ($49.27)
  • About IMX:

The IMX token powers gas-free NFT minting and trading with zero-knowledge rollups in Immutable, ensuring security. It supports web3 gaming infrastructure, offering seamless integration for developers and authentic digital asset ownership in games. Additionally, IMX acts as a utility token, gathering fees, incentivizing contributors, and facilitating governance in the Immutable X ecosystem.

For the May unlock, IMX tokens will be distributed to two developments. Ecosystem Development will receive 15.91 million IMX tokens, while Project Development will be allocated 9.62 million IMX tokens.

Avalanche (AVAX)

  • Unlock Date: May 22
  • Tokens: 9.54 million AVAX ($312.20 million)
  • About AVAX:

Avalanche (AVAX) is a cryptocurrency and blockchain platform positioned as a competitor to Ethereum. Serving as the native token of the Avalanche blockchain, AVAX employs smart contracts similar to Ethereum, supporting various blockchain projects. AVAX is primarily for transaction fee payments, among other use cases.

For this month’s Cliff Unlock, AVAX tokens will be distributed as follows: Strategic Partners will receive 2.25 million AVAX tokens, 5he Foundation will be allocated 1.67 million tokens, the Team will receive 4.50 million AVAX, and there will also be an airdrop of 1.13 million AVAX tokens.

Optimism (OP)

  • Unlock Date: May 29
  • Tokens: 24.16 million OP ($61.36 million) 
  • About OP:

The OP token functions as the governance token within the Optimism ecosystem, granting holders the ability to engage in governance activities within the Optimism Collective and shape protocol-related decisions.

For this month, OP tokens will be distributed to only two allocations. Core Contributors will receive 12.75 million OP tokens, and Investors will be allocated 11.41 million OP tokens.

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