$653M in New Crypto Tokens Set to Hit the Market This Week
About $653 million worth of crypto tokens are set to be released into circulation this week.
Investors will be keeping an eye out for potential price swings for several major assets, with data from the Tokenomist website showing large one-time and daily unlocks between August 11 and August 18.
Heavy Supply Wave
Fasttoken (FTN) boasts the largest cliff unlock, with 20 million tokens, comprising just over 2% of supply, and valued at $91.6 million set to be released. Next is the GameFi platform Cheelee, which is set to release $88.87 million worth of its CHEEL token.
Other major events include 11.3 million coins from Aptos (APT), priced at $53.72 million, as well as Arbitrum (ARB) flooding the market with 92.65 million…
