In August, the cryptocurrency market is set to see the unlocking of nearly $1.5 billion worth of tokens. This includes a significant release of 1 billion $XRP tokens, valued at $609 million, by Ripple on August 1.
Additionally, Avalanche (AVAX) and Wormhole are scheduled to unlock a combined $449 million, with Wormhole releasing 600 million tokens valued at $180.5 million on August 3.