3 Major Token Unlocks to Shake Up Crypto Markets This Week (July 8-14)

Crypto's supply tsunami hits again—three projects unleash tokens worth millions. Will bulls absorb the pressure or get washed out?

Token unlocks: The market's favorite self-sabotage mechanism.

Here's what's hitting exchanges:

1. Protocol X's cliff unlock

Team wallets disgorge 15% of circulating supply overnight—just as retail FOMO peaks. Classic.

2. DeFi Darling's linear release

Another week, another 2.5 million tokens dripping into paper hands. Watch trading volume spike then collapse.

3. VC Coin's quarterly payday

Early investors cash out their 12-month vesting period. Spoiler: They're selling the second it hits their wallets.

Smart money's already front-running these unlocks—retail bags incoming? The unlock playbook hasn't changed since 2020, but somehow the 'greater fools' keep lining up.

1. Aptos (APT)

• Unlock Date: July 12
• Number of Tokens to be Unlocked: 11.31 million APT (0.98% of Total Supply)
• Current Circulating Supply: 644.5 million APT
• Total supply: 1.15 billion APT

Aptos is a layer-1 blockchain that uses the Move programming language by Facebook (Meta). The primary objective of Aptos is to provide users with higher scalability, security, usability, and reliability.

On July 12, the network will release 11.31 million APT into the crypto market. The tokens are worth $50 million and represent 1.75% of the current circulating supply. Aptos will award the majority of these tokens to the community and allocate about 10% of the unlocked tokens to staking rewards.

2. Immutable (IMX)

• Unlock Date: July 11
• Number of Tokens to be Unlocked: 124.52 million IMX (1.23% of Total Supply)
• Current Circulating Supply: 1.8 billion IMX
• Total supply: 2 billion IMX

Immutable X is Ethereum’s Layer-2 scaling solution designed specifically for NFTs, leveraging zero-knowledge rollups.
It enables gas-free NFT minting and trading, offering instant trade finality and high throughput of over 9,000 transactions per second.

Immutable will unlock 124 million IMX tokens on July 11, worth over $10 million. This represents 1.31% of Immutable’s total market cap. The project will allocate the majority of the unlocked tokens for ecosystem development. About 5% of the unlocked tokens allotted for public sale as well.

3. Cheelee (CHEEL)

• Unlock Date: July 10
• Number of Tokens to be Unlocked: 2.67 million CHEEL (0.27% of Total Supply)
• Total supply: 1 billion CHEEL

Cheelee is a social media platform that rewards users and creators for watching and producing content. It also features an NFT ecosystem, allowing users to buy, sell, upgrade, mint, stake, and collect NFT Glasses. The platform uses its native token, CHEEL, for governance, NFT upgrades, and in-app transactions.

Cheelee will unlock 2.67 million CHEEL tokens on July 10, with a total value of approximately $13.4 million. The platform will assign most of the unlocked tokens as Cheelee rewards.

Other prominent token unlocks that investors can look out for this week include Delysium (AGI), Moca (MOCA), and Xave (XAV).