The week from July 7 to 13 will witness significant events in the cryptocurrency world, particularly token unlocks for several projects including Aptos, Jito Labs, and Moca.
Leaders in Token Unlocks
According to CryptoRank data, Aptos ($APT) is at the top of the token unlocks list. The unlock will occur on July 12, with a total of 11.31 million tokens being unlocked, representing 0.98% of the total supply. This translates to $49.95 million, accounting for 1.75% of market capitalization.
Unlocking of Jito and Moca Tokens
Jito Labs ($JTO) will also have an unlock on July 7, releasing 11.31 million $JTO tokens, which equates to 1.13% of the overall supply. Currently, these tokens are valued at around $21.78 million, representing 3.28% of market capitalization. Moca will follow suit with its unlock on July 11, releasing 241.72 million $MOCA tokens, valued at $16.56 million, which comprises 2.72% of the total supply and 7.15% of market cap.
Other Scheduled Unlocks
Additionally, Immutable ($IMX) plans to unlock 24.52 million tokens on July 11, with a value of $10.21 million, accounting for 1.31% of market cap and 1.23% of total supply. Movement ($MOVE) has scheduled its unlock for July 9, intending to release 50 million tokens, valued at $7.65 million, or 0.50% of the total supply.
The upcoming week is poised to be significant for cryptocurrency participants, as token unlocks may have a considerable impact on their market capitalization and liquidity.
