Meanwhile, Arbitrum, which released $95 million in May and $105 million in June, is scheduled to drop another $75 million in tokens for its team, advisers and investors on July 16. The project also released 1.1 billion ARB tokens worth $2.32 billion on March 16.

Since the huge unlock, ARB prices have dropped by 63%, from a high of $2.27 on March 8 to $0.82 at the time of writing.

Optimism, Sui, Immutable and Starknet, which unlocked millions worth of their native tokens in the last two months, will also unlock similar amounts in July.