Next week’s top tokens: XAI, IMX and more

Token unlocking involves the release of tokens that were previously blocked by fundraising terms. Projects should schedule these releases carefully to avoid market pressure and prevent price falls.

However, things like liquidity shortages or early investors taking profits can seriously affect the asset's volatility. Here are the top three tokens to watch next week.

Xai (XAI)

Launch date: July 9 Number of tokens launched: 198.4 million AAI Current distribution supply: 277 million X

Xai is the first Layer 3 solution designed for AAA gaming. Using Arbitrum technology, Xai prioritizes simplicity and ease of use, eliminating the complexity of wallet management. This approach makes blockchain integration a seamless part of the gaming ecosystem.

On July 9, the project will open about 200 million XAI tokens, which is 70% more than the current circulating supply. This massive release has sparked active discussions in the crypto community about its impact on altcoin prices.

“It's definitely a hidden event, but once it's done, that coin will be interesting again. They have been in the dumps for 5 weeks in a row, with over 63% off since the last bullish swing. The rate is growing exponentially. It makes sense to keep a close eye on it next week and the week after,” wrote popular crypto trader Zen.

Read more: 6 Best Cryptocurrency Powered Games in 2024

Immutable (IMX)

Launch date: July 12th Number of tokens released: 32.47 million IMX Current circulating supply: 1.5 billion IMX

Immutable is a Layer-2 solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million during the IMX token sale on the CoinList platform in one hour. In the year It closed a $60 million investment round in March 2022 and secured an additional $200 million from investors including Parafi Capital, Declaration Partners and Tencent Holdings.

On July 12, the IMX distribution supply will increase by 32.47 million tokens. These newly minted tokens will be allocated to the development of the project and the wider immutable ecosystem.

Read more: Layer-2 Crypto Projects for 2024: Top Picks

Aptos (APT)

Launch Date: July 12th Number of Tokens Launched: 11.3 Million APT Current Distribution Supply: 453 Million APT

Aptos is a Layer-1 blockchain that aims to provide a secure and scalable infrastructure for decentralized applications. Built with a focus on security and performance, it uses the latest technologies to maximize the blockchain experience.

While Aptos can be considered one of the most successful blockchain projects of the past two years, it often faces criticism from the crypto community over Tokinomics, which is heavily influenced by venture capital. A significant portion of APT tokens are locked. On July 12, the project will distribute 11.3 million APT among community members, major contributors and investors.

Read more: Where to buy Aptos (APT): 5 best platforms for 2024

Others opening next week are dYdX (DYDX), io.net (IO) and Moonbeam (GLMR) with a total value of more than $190 million.

Although many consider tokenization to be a bearer, a well-planned schedule will strengthen the project's long-term viability. Aligned with the stages of development and development progress, openings encourage team members, increase community participation and promote ecosystem development.