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Moderate Token Unlocks This Week: MOVE, APT, and IMX

Next week, major token unlocks are set for Cheelee, Aptos, and Immutable, totaling over $77 million in value, indicating ongoing market activity.

APT
IMX
CHEEL

Summary

Next week, significant token unlocks are scheduled, including Cheelee (CHEEL) unlocking 20.81 million tokens worth $17.4 million on July 13, Aptos (APT) unlocking 11.31 million tokens valued at $49.9 million on July 12, and Immutable (IMX) releasing 24.52 million tokens worth $10.1 million on July 11. Other tokens such as io.net (IO), Movement (MOVE), Delysium (AGI), and Neon (NEON) will also see substantial unlocks during this period, totaling approximately $77 million in value.

Terms & Concepts
  • Token Unlock: The process of releasing a predetermined amount of tokens from a locked state, allowing them to enter circulation.
  • Layer 1 Blockchain: A base blockchain that operates independently, providing the foundation for building applications and handling transactions.
  • Layer 2 Solution: A secondary framework or protocol built on top of a Layer 1 blockchain to improve scalability and transaction speed.