Worldcoin's value has fallen about 80% since its peak, but the project will soon begin to double its rate of daily token unlocks.
The price of Worldcoin 's token is currently down about 80% from its peak in March, shortly after fellow Sam Altman co-founded company OpenAI released its text-to-video generative AI model Sora. And yet, Worldcoin will soon double its daily rate of token unlocks , alongside several other critical projects in crypto which are scheduled to release millions of dollars worth of tokens into the market.
Here are all the significant token unlocks, worth $10 million or more at current prices, for the remainder of July. Xai, a Layer 3 gaming-based project built on Arbitrum, will undergo its second token unlock event on July 9, unlocking nearly 200 million tokens, 72% of its circulating supply, at a current value of about $70 million. Xai is built on the Arbitrum Orbit stack and will be home to Ex Populus games. Web3 gaming firm ImmutableX will unlock 2.15% of its circulating supply, 32.
Four former Apple, Google, Meta, Tesla and X executives recently joined the ranks of the Sam Altman co-founded project, which also recently announced its Worldchain Layer 2 blockchain. July 16: Axie Infinity will unlock 1.66% of its circulating supply, 2.45 million tokens at a current value of about $12.5 million.
July 17: Apecoin will unlock 2.31% of its circulating supply, 15.6 million tokens at a current value of about $11.9 million. July 19: Pixels will unlock 7% of its circulating supply, 54.4 million tokens at a current value of about $10.5 million.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures.
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