The crypto market will experience Token Lockup unlocking events worth approximately $190 million next week, with Optimism (OP) and Sui (Sui) expected to inject over $50 million worth of new Token into their circulating supply.
Data from the Token tracking tool Token Unlocks shows that OP, Sui, ZETA, GAL, DYDX, ENA, YGG, PRIME, AGIX, MANTRA, EUL, TORN, 1INCH , and FORT will end July with unlock events, when $190 million worth of their Token will be released into circulation.
Optimism (OP) and Sui (Sui) will have the largest unlock volumes next week, with $54 million and $50 million of their Token entering circulation, respectively. These unlock events account for over 2% of their circulating supply.
ZETA, GAL , and DYDX follow behind with $34 million, $13 million, and $10 million worth of Token unlocked, respectively. ZETA is the only Token expected to release more than 5% of its supply. Its $34 million unlock represents 18.92% of its circulating supply.
AGIX will also add $4 million worth of its Token to the circulating supply amid its ongoing merger with OCEAN and FET to become an Artificial Super Intelligence (ASI) Token .
Data from Token Unlocks shows that all Token undergoing an unlocking event next week have increased in value over the past 24 hours. Most of them will release less than 5% of their circulating supply into the market.
Token Lockup unlocking events are known to affect the price of a Token, often causing sharp drops.
Join Telegram: https://t.me/tapchibitcoinvn
Follow us on Twitter (X): https://twitter.com/tapchibtc_io
Follow us on TikTok: https://www.tiktok.com/@tapchibitcoin
Thach Sanh
According to Fxstreet
