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Three Projects Unlocking in July
Optimism, Aptos and ApeCoin shared with the community that they will be unlocked in July.
This month, crypto networks such as Optimism, Aptos, and ApeCoin are preparing to unlock a significant amount of tokens, releasing more than $100 million in total value into the circulating supply.
Optimism, Aptos and ApeCoin announced that they will be unlocking this month. In total, these three projects will add more than $100 million in tokens to the circulating supply.
ApeCoin, a governance token affiliated with the Bored Ape Yacht Club NFT community, will unlock the largest according to Token Unlocks. On July 17, it will launch 15.6 million APE tokens worth $34.3 million, equivalent to 4.23 percent of its circulating supply. A large portion of these tokens will go to the treasury of the project ($16.2 million), developer Yuga Labs ($9.2 million), and its founder ($4.9 million).
Aptos will launch 4.5 million tokens worth $33.9 million on July 12, equivalent to 2.17 percent of its circulating supply. About $24 million of these tokens will go to the community and $10 million to the Aptos Foundation.
OP Mainnet, also known as Optimism, Ethereum Layer-2, will launch 24.2 million OP tokens on July 30. This will be an unlock worth $32.4 million, equivalent to 3.75 percent of the circulating supply. Approximately $17 million will go to main contributors and $15 million to investors.
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