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- IMX, SAND, APT, and different main altcoins are set to unlock tokens this month.
- SAND, the native token of The Sandbox, will launch tokens value $134 million on August 14.
- The whole worth of the tokens scheduled to unlock is an estimated $425 million.
With August quick slipping away, main altcoins are getting ready to launch extra tokens into circulation this August. In accordance with information from TokenUnlocks, SAND, APT, IMX, INJ, LDO, and AVAX are a number of the tokens set to unlock this August.
Likewise, DYDX, YGG, and ID tokens will even launch large quantities of unlocked tokens into public circulation. A report from Wu Blockchain estimates the whole worth of those tokens to unlock in August at over $425 million.
Notably, SAND, the native token of the favored web3 on-line gaming platform The Sandbox, is about to unlock 332.55m tokens value $134 million on August 14. On the time of press, the token has 2.05 billion tokens unlocked, 68% of its max provide, whereas 949 million tokens stay locked.
The 18th largest cryptocurrency by market cap, Avalanche, will unlock tokens on August 26. The good contracts platform will unlock 9.54 million tokens value an estimated $120 million.
Equally, Layer 1 blockchain platform Aptos plans to unlock 4 million APT value $30 million on August 12. At the moment, 170 million APT tokens are unlocked, and 829 million are unlocked, which is 83% of the token’s max provide.
IMX, the native token of layer 2 blockchain Immutable X, will see the discharge of 18 million tokens on August 12, value $13.77m. Presently, the 1.12 billion unlocked IMX tokens make up 55% of the max provide. As well as, there are additionally 884 million locked IMX tokens, which make up 44% of the max provide.
Apecoin, on the hand, is about to unlock 15 million tokens value $28 million on August 17. This new launch means APE could have extra tokens unlocked than locked. At the moment, there are 486.29 million unlocked APE tokens and 513.71 million locked tokens.
Whereas INJ is about to launch 2.8 million tokens value $22.59 million on August 21, LDO will unlock 8.50 tokens valued at $15.56 million. Moreover, 12.22 million YGG and 15.15 million ID tokens value $5.72 and $3.75 million, respectively, are additionally scheduled to unlock in August.