Second Week of July, Crypto Markets Gear Up for 3 Waves of New Token Unlock!

Jakarta, Pintu News – As we enter the second week of July, the crypto market is gearing up for a series of new token launches. Three major ecosystems, namely Cheelee (CHEEL), Immutable X (IMX), and Aptos (APT), are scheduled to release a significant amount of their token supply. Here are the noteworthy details of each project:

1. Aptos (APT)

Aptos is a layer-1 blockchain that uses the Move programming language developed by Facebook (Meta). The main goal of Aptos is to improve scalability, security, ease of use, and reliability for its users.

On July 12, the network will release 11.31 million APT tokens to the crypto market. These tokens have a value of approximately $50 million and represent 1.75% of the total circulating supply. Most of these tokens will be given to the community, with around 10% of the tokens unlocked allocated for staking rewards.

Also Read: Can XRP Soar 35,000%? Check out the Supporting Factors!

2. Immutable X (IMX)

Immutable X is a Layer-2 scalability solution for Ethereum (ETH) designed specifically for NFTs, using zero-knowledge rollups. The platform enables the minting and trading of NFTs without gas fees, offering instant trade finality and high throughput of over 9,000 transactions per second.

Immutable will open access to 124 million IMX tokens on July 11, with a value of over $10 million. This represents 1.31% of Immutable’s total market capitalization. The project will allocate most of the tokens unlocked for ecosystem development. About 5% of the tokens unlocked will also be allocated for public sale.

3. Cheelee (CHEEL)

Cheelee is a social media platform that rewards users and creators for time spent watching and generating content. The platform also has an NFT ecosystem, allowing users to buy, sell, upgrade, print, stake and collect NFT Glasses.

The platform’s native token, CHEEL, is used for governance, NFT upgrades, and in-app transactions. Cheelee will unlock 2.67 million CHEEL tokens on July 10, with a total value of approximately $13.4 million. Most of the tokens unlocked will be allocated as Cheelee rewards.

Conclusion

With the launch of this new token, investors and users in the crypto market need to pay attention to the dynamics that may occur. Token launches can affect market prices and stability, especially in the short term. Therefore, it is important for stakeholders to monitor these developments and adjust their investment strategies according to current market conditions.

Also Read: Michael Saylor and a New Strategy Towards 600K Bitcoin (BTC), Can It Be Replicated?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Token Unlocks Second Week of July. Accessed on July 7, 2025