Token unlock next week: OP unlocks tokens worth $90 million
According to Odaily Star Daily, next week, 8 projects will have token unlocking events. Three projects will unlock more than 2% of the circulating supply, namely YGG, PRIME, and OP. There are no large-scale unlocking projects this week.
Specific unlocking details are as follows:
YGG
Amount unlocked this time: 16.69 million tokens
Amount unlocked this time: approximately $15.84 million
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) for investing in NFTs based on virtual worlds and blockchain games.
The circulating supply of YGG tokens accounts for 59% of the total supply. This release mainly targets community distribution with 7.01 million YGG tokens released (valued at around $5.69 million), other recipients include founders, investors, and project treasury. Although the amount released is not large, there may be some selling pressure due to the relatively small total market value.
Prime
Amount unlocked this time: 1.67 million tokens
Amount unlocked this time: approximately $15.67 million
Echelon Prime is a chain game platform that has launched two games - card game Parallel TCG and simulation game Parallel Colony so far.PRIME is the utility token of Echelon and its gaming ecosystem used to purchase various products, services, and gaming experiences.
This round of token unlocks mainly targets two categories - reserves funds for Parallel Studios distributing tokens worth $24.94 million and investors distributing tokens worth $20.51 million.
Optimism
Amount unlocked this time: 26.41 million tokens
Amount unlocked this time: approximately $90 .6million
Optimism is a Layer-2 scaling solution that achieves Ethereum's scalability goals by adopting an Optimistic Rollup scheme while maintaining Ethereum's security by processing transactions on a large scale without developers needing to make changes efficiently using all tools on Ethereum network.OP currently accounts for 22% of the total circulation volume.This round focuses on core contributors and investors with former receiving127 .5million OP(tokens valued at$43 .61million)and latter receiving1141OP(tokens valued at$39 .02million). The unlock amount accounts for only2 .4%of circulation volume.Considering OP's high market value trading volume,the expected impact level isn't high
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stablecoin supply has stalled in 2026, but payments rose by 45% to $480B: Report
The most dangerous divergence in U.S. stocks: ordinary stocks have already plummeted, how much longer can AI giants hold on?
Significantly tightened financial conditions are heavily impacting ordinary stocks in the US stock market, with the median S&P 500 constituent falling 15% from its peak and the equity risk premium dropping below zero. Rising US Treasury yields and oil prices have pushed the financial conditions index sharply higher, resulting in a severe deterioration in breadth beneath the apparent calm of the index. Market divergence is intensifying, raising the core uncertainty of whether ordinary stocks will catch up or the index will converge downward.
Will APT’s price clear $0.87 after Aptos’s launch of Block-STM v2 upgrade?
Sui integrates Alibaba Cloud for AI payments, price eyes $1.40 target
Crypto prices
More
