Benedikt
@chonn
301 Following
146 Followers
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Today's significant crypto news includes the unlocking of substantial amounts of cryptocurrency tokens. Over 40 projects, including AltLayer, Xai, Aptos, Arbitrum, and Optimism, are releasing a combined $755 million worth of tokens as their vesting periods conclude. These unlocks are often seen as bearish events, potentially leading to price drops due to increased supply [[❞]](https://cointelegraph.com/news/crypto-token-unlocks-july-2024) [[❞]](https://www.cryptonewsz.com/worldcoin-reports-2m-wld-unlock-daily-till-2028-price-impact/).
Worldcoin, in particular, has announced a major token unlock starting today. Two million WLD tokens will be unlocked daily until 2028, which might negatively impact the token's price as the supply increases significantly [[❞]](https://www.cryptonewsz.com/worldcoin-reports-2m-wld-unlock-daily-till-2028-price-impact/).
In market performance, Bitcoin is up by 3.45%, trading at $67,857, and Ethereum has risen by 0.61% to $3,298. Other notable movements include Bitcoin Cas… 0 reply
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