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$600M XRP Token Release Will Bring August Crypto Unlocks to $1.5B — TradingView News
Update (July 29, 6:00 UTC): This article has been updated to include information regarding the XRP reblock process.
Nearly $1.5 billion in tokens from major crypto projects will be unlocked in August, with 1 billion XRP tokens, worth $609 million at current prices, making up a significant portion of the total for the month of August 1.
Ripple, the company behind the XRP Ledger blockchain and its native XRP 
However, Ripple may be looking to relock a large portion of the newly released XRP. Ripple has relocked 800 million XRP since its June 1 unlock; however, it has still made moves to sell off about 300 million XRP, worth $182 million at the time of writing, according to TradingView data.
While up to 1 billion XRP tokens are unlocked at the beginning of each month, the actual amount of XRP that would be put into circulation is “likely much less” due to a re-escrow process, XRP Ledger wrote in a 2017 blog post.
Other notable August unlocks include layer-1 network Avalanche and cross-chain bridging platform Wormhole, which released a combined $449 million worth of tokens, according to data from Token Unlocks.
On August 3, Wormhole will unlock 33.3% of its circulating supply, equal to 600 million Wormhole (W) tokens with a current market cap of $180.5 million. This comes after conducting its highly anticipated airdrop on April 4.
On August 20, Avalanche will unlock 2.4% of the circulating supply of its Avalanche bonds. 
Tokens unlocking on the first day of August
In addition to XRP, three other projects, including the layer-1 network Sui, the decentralized exchange dYdX, and the “universal” blockchain ZetaChain, will also unlock significant portions of their supply on the first day of August.
Sui will unlock 2.56% of its circulating supply, releasing 64 million tokens worth $50 million on August 1st.
DYdX will unlock 8.33 million tokens worth nearly $11 million on the same day, representing 3.65% of its circulating supply. Specifically, the tokens will be unlocked for three groups: investors, founders, and staff and future employees.
Meanwhile, the new ZetaChain layer-1 network will unlock nearly 18.9% of its circulating supply of ZetaChain (ZETA) tokens on August 1st. At current prices, 53.9 million tokens have a market value of about $34.5 million. It follows its launch in February.
More August Unlocks
Cryptocurrency network ImmutableX will unlock 2.11% of the circulating supply of Immutable (IMX) tokens on August 9, equal to 32.5 million tokens, which have a current market value of $49 million.
Sui’s rival layer 1 network Aptos will unlock $80 million of native Aptos tokens (APT) on August 12, while Web3 gaming platform The Sandbox will unlock $69 million of native The Sandbox tokens (SAND) on August 14.
Two Ethereum layer-2 networks, Starknet and Arbitrum, are also set to issue tokens.
On August 15, Starknet will unlock 64 million Starknet (STRK) tokens, representing 4.4% of the token’s circulating supply. The tokens have a current market value of $35 million.
On August 16, Arbitrum will unlock 92.6 million Arbitrum (ARB) tokens, representing 2.8% of its circulating supply. The market value of the tokens yet to be unlocked is $67 million.