Major crypto projects to unlock $755M in July

In July, cryptocurrency tokens valued at $755 million will be unlocked as the vesting periods for over 40 projects come to an end. Crypto vesting prevents early investors and team members from selling their tokens by locking them down. This mechanism helps prevent a price downturn during the early phases of a crypto project. Vesting data tracker Token Unlocks highlighted that the largest amount of crypto assets to be unlocked in July 2024 belongs to AltLayer (ALT), Xai (XAI), Aptos APT, Arbitrum (ARB), Optimism (OP), Sui (SUI), Immutable (IMX) and Starknet (STRK).