In the coming days, multiple cryptocurrency projects will launch tokens worth slightly over $940,000 in total.
Token unlocking in crypto projects occurs when coins that were locked during fundraising or other phases are released according to a predetermined schedule.
These events can impact token markets, especially in conditions of low liquidity or if early investors decide to cash out their profits.
5 Unlocking Events to Watch Next Week
Optimism (OP)
Unlocking Date: June 30th
Number of Unlocked Tokens: 31.34 million OP
Total Value of All Tokens Compared to Their June 24th Price: $529,640
Optimism is a Layer 2 scaling solution for Ethereum that increases transaction speed and reduces costs. The OP token plays a central role in governance, allowing holders to vote on network proposals. On June 30th, Optimism will release over 30 million OP tokens for investors and core contributors. This significant unlocking has raised concerns about potential liquidity issues and price declines, with some analysts predicting a 30-70% drop if investors decide to sell their tokens.
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Ethena (ENA)
Unlocking Date: June 30th
Number of Unlocked Tokens: 14.89 million ENA
Total Value of All Tokens Compared to Their June 24th Price: $80,700
Ethena is a protocol that provides a solution for local cryptocurrencies independent of traditional banking. It offers a dollar-denominated savings instrument called “internet bond.” The ENA token enables holders to vote on governance proposals. On June 30th, Ethena will unlock nearly 15 million tokens for ecosystem development.
SingularityNET (AGIX)
Unlocking Date: June 28th
Number of Unlocked Tokens: 8.57 million AGIX
Total Value of All Tokens Compared to Their June 24th Price: $51,260
SingularityNET is a decentralized platform for developing and hosting AI applications. Its token, AGIX, is used for transactions, governance, and rewarding node operators, supporting cross-chain functionality on Cardano and Ethereum. On June 28th, SingularityNET will unlock tokens for participants in the AGIX-ADA rewards program to encourage participation and community development.
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Yield Guild Games (YGG)
Unlocking Date: June 27th
Number of Unlocked Tokens: 16.69 million YGG
Total Value of All Tokens Compared to Their June 24th Price: $93,560
Yield Guild Games is a global gaming community where players can earn cryptocurrency rewards by participating in blockchain games. YGG invests in NFT assets such as in-game items and virtual land that users can lease. On June 27th, a significant number of YGG tokens will be unlocked for the community, developers, investors, and treasury to support growth and the ecosystem.
AltLayer (ALT)
Unlocking Date: June 25th
Number of Unlocked Tokens: 1.0521 million
Total Value of All Tokens Compared to Their June 24th Price: $188,820
AltLayer is a decentralized protocol designed to improve network scalability using “Restaked Rollups.” It integrates various stacks, including OP Stack and Arbitrum Orbit, to enhance security, decentralization, and operational compatibility through the restaking mechanism. On June 25th, over 105.21 million ALT tokens will be unlocked for various purposes, including the treasury, community, and ecosystem development.
