Token Lockup unlocking involves the release of Token that were previously blocked according to the terms of the Capital call. Projects carefully plan these releases to avoid market pressure and prevent price drops.
However, factors such as lack of liquidation or early investor taking profits can significantly affect the asset's momentum. Here are 5 major Token Lockup unlocking projects to watch out for this week.
SPACE ID (ID)
- Unlock date: July 22
- Number of Token unlocked: 18.49 million IDs
- Current circulating supply: 430.5 million IDs
SPACE ID is a global decentralized identity protocol that connects users, assets, and Dapps across different blockchains. It allows users to use a single domain name to represent their identity across different applications and networks.
On July 22, the project will unlock more than 18 million ID Token and allocate them to Space IDFoundation, ecosystem funds, Airdrop participants and marketing purposes.
AltLayer (ALT)
- Unlock date: July 25
- Number of Token unlocked: 684.21 million ALT
- Current circulating supply: 1.62 billion ALT
AltLayer is a decentralized protocol that increases blockchain scalability through the concept of Retaked Rollups. It integrates rollups from platforms like OP Stack and Arbitrum Orbit, enhancing security, decentralization, and interoperability by leveraging a reStaking mechanism.
On July 25, AltLayer will issue nearly 700 million ALT Token , accounting for 42% of the current circulating supply. These Token are reserved for reserves, investors, teams, advisors, community members, and protocol developers.
ALT unlocks account for 84.5% of total unlocks in the next seven days. Since the circulating supply of ALT is relatively small compared to the total supply, this large Token Lockup unlock could negatively affect the price.
Vincent Maliepaard, Marketing Director at IntoTheBlock, said :
The type of unlocking is not the only factor to XEM . Another important aspect is the proportion of total supply available. When this ratio is very small, market Capital dilution can be significant.
Yield Guild Games (YGG)
- Unlock date: July 27
- Number of Token unlocked: 14.08 million YGG
- Current circulating supply: 376.25 million YGG
Yield Guild Games (YGG) is a gaming community operating on a monetization model from gaming. It connects gamers around the world, allowing them to earn cryptocurrency rewards by participating in various blockchain games. YGG invests in Non-Fungible Token assets , such as in-game items and virtual lands, making these assets available to guild members to borrow and use in their gaming endeavors.
Over the next few days, YGG will unlock a significant portion of its Token . These Token will be distributed to the community, founders, investors and reserves, further supporting the development of the association and ecosystem.
SingularityNET (AGIX)
- Unlock date: July 28
- Number of Token unlocked: 8.45 million AGIX
- Current circulating supply: 639.66 million AGIX
SingularityNET is a decentralized blockchain platform designed to develop and host AI applications. The platform's native Token , AGIX, is essential for transactions, governance, and rewards for nodes that operate and develop the network. SingularityNET also supports chain functionality, allowing the AGIX Token to operate on both the Cardano and Ethereum networks.
On July 28, an important event for AGIX Token holders will take place: Token distribution is unlocked for members of the AGIX- ADA reward program. This initiative aims to encourage and reward community participation and contributions in the development and expansion of the platform.
Ethereum (ENA)
- Unlock date: July 28
- Number of Token unlocked: 14.89 million ENA
- Current circulating supply: 1.7 billion ENA
Ethena is a synthetic currency protocol built on Ethereum. It offers a native cryptocurrency solution independent of traditional banking and also offers global users a dollar-denominated savings instrument called 'Internet Bonds'.
The ENA Token allows holders to vote on governance proposals. On July 28, the project will unlock nearly 15 million ENA for ecosystem development.
Subsequent unlocks next week include Galxe (GAL), Acala (ACA) and Forta (FORT), with a total value exceeding $140 million. Although many people view Token Lockup unlocking as a negative, a well-planned schedule can strengthen the long-term viability of a project. Aligned with milestones and development progress, unlocks will boost team membership, increase community engagement, and promote ecosystem growth.
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