$1.9 Billion Token Unlocks Loom Over Crypto Market in July

The crypto market is bracing for massive token unlocks in July, with a staggering $1.9 billion set to be released across several prominent cryptocurrencies.

Rain ($RAIN) tops the list, with an estimated $812 million unlock on July 11, accounting for 4.51% of its total supply. Hyperliquid ($HYPE) is another key project, unlocking $630 million worth of tokens on July 6, representing 1.038% of its supply.

Pump.fun and Canton are also set to release significant amounts of tokens in July, with Pump.fun unlocking 8.94% of its supply on July 12 and Canton conducting a daily token unlock totaling $95.3 million as of now.