Several cryptocurrency projects are set to release tokens worth just over $940,000 in the coming days.
When tokens locked during fundraising or other stages are released according to the predetermined schedule, token unlocks occur in cryptocurrency projects.
These events can impact the token market, particularly in cases of low liquidity or early investors deciding to take profits.
5
Unlock
Tokens to watch in the coming week:
Optimism (OP)
Unlock date:
30th XNUMX
Number of unlocked tokens:
313,400 OP
Total value of all tokens compared to XNUMXth XNUMX:
$529,640
Optimism is a second-layer scaling solution for Ethereum that improves transaction speed and reduces costs. The OP token plays a central role in governance, allowing holders to vote on network proposals. On the XNUMXth of the XNUMXth, Optimism will release over XNUMX, XNUMX, XNUMX OP tokens to investors and core contributors. This significant unlock has raised concerns about potential liquidity issues and price drops, with some analysts predicting a XNUMX-XNUMX% drop if investors decide to sell their tokens.
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Athena (ENA)
Unlock date:
30th XNUMX
Number of unlocked tokens:
148,900 ENA
Total value of all tokens compared to XNUMXth XNUMX:
$80,700
Athena is a protocol that provides a decentralized cryptocurrency solution independent of traditional banking services. It offers a dollar-denominated savings instrument called “bonding curves.” The ENA token enables holders to vote on governance proposals. On the XNUMXth of the XNUMXth, Athena will unlock nearly XNUMX, XNUMX, XNUMX tokens for ecosystem development.
SingularityNET (AGIX)
Unlock date:
28th XNUMX
Number of unlocked tokens:
85,700 AGIX
Total value of all tokens compared to XNUMXth XNUMX:
$51,260
SingularityNET is a decentralized platform for developing and hosting artificial intelligence applications. Its AGIX token is used for transactions, management, and rewarding node operators, and supports cross-chain functionality with Cardano and Ethereum. On the XNUMXth of the XNUMXth, SingularityNET will unlock tokens for participants in the AGIX-ADA incentive program to encourage community involvement and development.
Read more:
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Yield Guild Games (YGG)
Unlock date:
27th XNUMX
Number of unlocked tokens:
166,900 YGG
Total value of all tokens compared to XNUMXth XNUMX:
$93,560
Yield Guild Games is a global gaming community where players can earn rewards in the form of cryptocurrencies by participating in blockchain games. YGG invests in NFT assets such as in-game items and virtual land that users can occupy. On the XNUMXth of the XNUMXth, a significant number of YGG tokens will be unlocked for the community, developers, investors, and treasury to support growth and the ecosystem.
AltLayer (ALT)
Unlock date:
25th XNUMX
Number of unlocked tokens:
1,052,100
Total value of all tokens compared to XNUMXth XNUMX:
$188,820
AltLayer is a decentralized protocol aimed at improving network scalability through the use of Restaked Rollups. It integrates various stacks like the OP Stack and Arbitrum Orbit to enhance security, decentralization, and interoperability through a proof-of-stake mechanism. On the XNUMXth of the XNUMXth, over XNUMX million ALT tokens will be unlocked, targeting financial, community, and ecosystem development.
