According to TokenUnlocks data, crypto tokens worth $147 million will be available in July 2023. Among them, 6 altcoins stand out. Unlocking tokens is also very important for altcoin prices. Because un-locking typically increases the supply of crypto circulating on exchanges, it causes selling pressure on assets.

6 altcoins to be token unlocked in July
Bitcoin and Ethereum are under heavy selling pressure in the crypto market. Therefore, altcoins are likely to bleed even more in July. Requested more information in the Securities and Exchange Commission's spot Bitcoin ETF filings. This, in turn, drove Bitcoin and Ethereum prices down overnight on Friday.
On the other hand, altcoins are likely to experience higher selling pressure due to un-lock events in July. Approximately $147 million tokens from major projects such as dYdX (DYDX), ApeCoin (APE), Aptos (APT), Axie Infinity (AXS), Immutable X (IMX) and Optimism (OP) will join the circulating supply in the coming weeks.
Meanwhile, in the second half of July, ApeCoin (APE), Axie Infinity and Optimism will unlock. These unlocks range from 0.5% to 1.5% of the asset supply. This means a significant impact on their prices and the possibility of higher selling pressure.
That's why crypto market participants need to watch out for news selling events where the prices of these tokens have risen in the weeks before the unlock and a mass sell-off took place on the day of the event. Moreover, the SEC has its grip around APE, AXS, and OP. Therefore, they are likely to take a double hit with the un-lock event.
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