With over $782.35 million in crypto tokens scheduled for release in July 2025, investors and traders are closely watching upcoming token unlocks as key market-moving events. These unlocks can influence price volatility, liquidity, and long-term project sustainability. Understanding the timing, allocation, and context behind each unlock helps market participants make informed decisions.
Token unlocks refer to the scheduled release of previously locked or vested tokens—typically allocated to teams, investors, advisors, or ecosystem initiatives. A well-structured vesting schedule prevents mass sell-offs, supports price stability, and aligns stakeholders with the project’s long-term vision.
Below is a detailed breakdown of the top 10 crypto token unlocks for July 2025, including key details such as unlock dates, token amounts, market value, and project fundamentals.
Ethena ($ENA) – July 2 & 5
Tokens Released: 266 million $ENA
Estimated Value: $25.06 million
Ethena ($ENA) is the governance token of Ethena Labs, a synthetic dollar protocol built on Ethereum. The protocol issues $USDe, a dollar-pegged asset backed by staked Ethereum and hedged using delta-neutral strategies to maintain stability.
The July unlocks are split across two dates:
- July 2: 55.53 million for Ecosystem Incentives and 40.64 million for the Foundation
- July 5: 93.75 million for Core Contributors and 78.13 million for Investors
With 40.85% of its total supply now unlocked, Ethena continues to gain traction in the DeFi space due to its innovative approach to yield generation and stablecoin design. The gradual release of tokens supports ongoing development and community growth.
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Solana ($SOL) – July 7 & 11
Tokens Released: 637,435 $SOL
Estimated Value: $98.35 million
Solana remains one of the most widely used Layer 1 blockchains, known for its high throughput and low transaction costs. The $SOL token powers transactions, smart contracts, and staking within the network.
This month’s unlock stems from previously frozen allocations related to Alameda Research and FTX bankruptcy proceedings:
- July 7: 472,602 $SOL released from FTX/Alameda holdings
- July 11: Additional 164,833 $SOL released
While these tokens were already accounted for in public disclosures, their entry into circulation may affect short-term market sentiment. Currently, 59.83% of Solana’s supply is unlocked, with ongoing staking helping absorb selling pressure.
Cheelee ($CHEEL) – July 10
Tokens Released: 8.34 million $CHEEL
Estimated Value: $44.04 million
Cheelee is a SocialFi and GameFi platform that rewards users for engaging with short-form video content—blending social media with cryptocurrency incentives. Launched in early 2023, it leverages an “Attention Economy” model where user interaction directly translates into earnings.
The July unlock includes:
- Reserve Fund: 5.10 million
- Team: 2.78 million
- Advisors, Community Airdrop, and Private/Strategic Rounds
With 52.60% of its total supply now circulating, Cheelee continues expanding its NFT integration and gamified user experience. The platform distributes free NFT glasses at sign-up and rewards progression-based achievements.
Aptos ($APT) – July 12
Tokens Released: 11.30 million $APT
Estimated Value: $55.56 million
Aptos is a high-performance Layer 1 blockchain designed for scalability and security. Its native token, $APT, serves dual purposes: covering gas fees and enabling decentralized governance.
July’s unlock distribution:
- Core Contributors: 3.95 million
- Investors: 2.80 million
- Foundation: 1.33 million
- Community: 3.21 million
At 49.88% vesting completion, Aptos maintains a balanced unlock schedule that supports ecosystem development without flooding the market. The network uses the Move programming language and aims to improve transaction finality and developer experience.
Arbitrum ($ARB) – July 16
Tokens Released: 93.65 million $ARB
Estimated Value: $31.88 million
Arbitrum is a leading Ethereum Layer 2 scaling solution using optimistic rollups to reduce congestion and lower fees. The $ARB token enables governance participation across the Arbitrum DAO.
Unlock allocation:
- Team and Advisors: 57.13 million
- Investors: 36.52 million
Despite being one of the largest DAOs by treasury size, only 37.55% of $ARB has been unlocked so far. This measured release helps mitigate inflationary concerns while funding long-term ecosystem grants and upgrades.
LayerZero ($ZRO) – July 20
Tokens Released: 24.68 million $ZRO
Estimated Value: $46.45 million
LayerZero is an omnichain interoperability protocol enabling secure cross-chain communication without relying on centralized bridges. It uses Ultra Light Nodes (ULNs) to verify messages across chains with minimal trust assumptions.
Unlock breakdown:
- Core Contributors: 10.20 million
- Strategic Partners: 12.88 million
- Repurchased Tokens: 1.60 million
With just 27.47% of its supply unlocked, LayerZero remains in early distribution phases. The protocol plays a critical role in connecting fragmented blockchain ecosystems, making it a cornerstone of multi-chain infrastructure.
👉 Explore how cross-chain innovations are powering the future of web3 interoperability.
XDAO ($XDAO) – July 20
Tokens Released: 6.44 million $XDAO
Estimated Value: $332.76 million
XDAO is a platform focused on simplifying Decentralized Autonomous Organization (DAO) creation and treasury management. It offers tools like multisig wallets, voting systems, and financial dashboards.
Notable for its exceptionally high valuation per token in this unlock, XDAO’s allocation includes:
- Seed Round: 2.79 million
- Future Investors: 2.08 million
- Team & Advisors, Treasury, and Partnerships
At 24.37% vesting progress, XDAO is still in early stages of token distribution, positioning it as a potential long-term player in decentralized governance tooling.
Plume ($PLUME) – July 21
Tokens Released: 239.823 million $PLUME
Estimated Value: $21.05 million
Plume Network is a Layer 1 blockchain tailored for real-world asset (RWA) tokenization. It integrates compliance tools, data infrastructure, and EVM compatibility to streamline asset onboarding into DeFi.
Unlock allocation:
- Community & Ecosystem: 72.26 million
- Core Contributors: 64.60 million
- Early Backers and Foundation
With only 25.71% of tokens unlocked, Plume is strategically releasing supply to support adoption of RWA projects like tokenized real estate, bonds, and commodities.
Avail ($AVAIL) – July 23
Tokens Released: 990.63 million $AVAIL
Estimated Value: $23.70 million
Avail Network is a modular blockchain infrastructure focused on data availability—a crucial component for rollups and scaling solutions. It supports seamless interoperability through its three-layer stack: Data Availability, Nexus (unification), and Fusion (shared security).
Unlock distribution:
- Core Contributors: 509.20 million
- Investors: 359.20 million
- Ecosystem Development and Research
Only 16.78% of $AVAIL has been released, indicating a long-term vesting model aimed at sustained ecosystem growth.
Gate Token ($GT) – July 26
Tokens Released: 6.67 million $GT
Estimated Value: $103.50 million
Gate Token ($GT) is the native utility token of GateChain, developed by the major exchange Gate.io. It supports transaction fees, staking rewards, and governance voting.
July’s unlock includes:
- Distribution to Gate.io users: 2.50 million
- R&D, Marketing, and Community Development
With 42.33% of supply unlocked, $GT continues to serve as both a functional utility token and a loyalty mechanism within one of crypto’s longest-standing exchanges.
👉 Learn how utility tokens are evolving beyond simple exchange discounts.
Core Keywords:
crypto token unlocks, July 2025, DeFi, Layer 1, Layer 2, RWA tokenization, governance tokens, vesting schedule
Frequently Asked Questions (FAQ)
Q: What are crypto token unlocks?
A: Token unlocks refer to the scheduled release of previously locked tokens—often held by teams, investors, or foundations—according to a predefined vesting plan.
Q: Why do token unlocks matter?
A: Large unlocks can increase sell pressure if recipients decide to offload tokens, potentially affecting price stability and market confidence.
Q: How can I track upcoming token unlocks?
A: Several analytics platforms provide real-time unlock calendars showing dates, amounts, percentages, and recipient categories.
Q: Do all token unlocks cause price drops?
A: Not necessarily. If the market anticipates the unlock and demand remains strong—or if tokens are staked or reinvested—price impact may be minimal.
Q: Are investor-held tokens riskier than team or ecosystem unlocks?
A: Investor unlocks sometimes carry higher sell pressure since early backers may seek returns, but context matters—many investors commit long-term.
Q: How does vesting promote project health?
A: Gradual vesting aligns incentives, discourages rug pulls, ensures ongoing development funding, and fosters sustainable growth rather than short-term speculation.