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$660 Million in Token Unlocks Put Pressure on CONX, DBR, and ARB

CONX, DBR, and ARB are drawing the most attention because these releases can quickly expand circulating supply and add to short-term volatility.

By Mike Hesp
• 2 min read
$660 Million in Token Unlocks Put Pressure on CONX, DBR, and ARB

Key Takeaways

  • In the third week of July 2026, more than $660.8 million worth of token unlocks will hit the market.
  • Connex, deBridge, and Arbitrum are in focus, with unlocks on July 15, 16, and 17.
  • Token unlocks increase circulating supply and can raise short-term volatility around these tokens.

The crypto market is heading into another heavy stretch of token unlocks in the third week of July 2026, with more than $660.8 million (€578 million) set to enter circulation. Connex (CONX), deBridge (DBR), and Arbitrum (ARB) are the main tokens to watch, as their scheduled releases could add liquidity while also increasing short-term price swings.

Connex Opens the Week

Connex unlocks on July 15 1.32 million CONX tokens, worth about $28.67 million (€25.1 million). That equals 1.45% of the unlocked supply, and CONX has a total supply of 100 million tokens.

Connex describes itself as a permissionless Web3 network built for professionals, with an emphasis on transparency and value exchange in the digital economy. Based on the project’s token allocation, the newly unlocked supply will be split between the ecosystem and the community treasury, which means the release could add selling pressure while also supporting broader distribution across the network.

deBridge and Arbitrum Follow

A day later, on July 16, Arbitrum unlocks 92.65 million ARB tokens worth $8.53 million (€7.5 million). Arbitrum is a Layer-2 for Ethereum that uses optimistic rollups to process transactions off-chain before they are settled on Ethereum. The unlock makes up 1.65% of the current unlocked supply and will be distributed to the team, future team members, advisors, investors, and others.

deBridge follows on July 17 with the largest unlock in this batch: 618.33 million DBR tokens, valued at an estimated $10.13 million (€8.9 million). The protocol is a cross-chain infrastructure layer that transfers assets, data, and messages between blockchains using a zero-TVL, solver-driven model. According to the project, that setup has already processed more than $2.35 billion (€2.1 billion) in cross-chain volume across 26+ blockchains and reached 385,000 unique users.

Why This Matters for Investors

Token unlocks matter to crypto investors because they can quickly expand circulating supply. That does not mean prices will automatically drop, but it can put extra pressure on tokens with a relatively small free float or a large amount of new supply arriving at once. For European readers, the timing is especially relevant because unlocks often coincide with broader moves in altcoins, which can shape trading activity around individual projects.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.