TORN、CERE、PRIMAL、GAL、GLMR、APT Cliff Unlocks This Week
As an integral part of Tokenomics, Token Unlocks refers to the release of locked tokens to the market within a prescribed period of time, the purpose of which is to ensure alignment of incentives among the project team, investors and community users. Token Unlocks (especially Cliff Unlocks) may generate selling pressure in the market, thus bringing about significant fluctuations in token prices. In view of this, investors should take notice of risks around token unlocks periods.
Token Unlocks generally fall into 2 categories: Linear Unlocks and Cliff Unlocks. Cliff Unlocks means that tokens are locked until a specific event or date when all locked tokens will be released at once. Tokens airdropped by projects commonly take up part of Cliff Unlocks. In terms of Linear Unlocks, tokens are to be released daily at a stable and fixed rate over a period of time. Liquidity incentives are usually incorporated in Linear Unlocks.
According to statistics by Token Unlocks and VestLab, tokens on the point of Cliff Unlocks this week include TORN(Tornado Cash), CERE（Cere Network), PRIMAL(PRIMAL), GAL(Galxe), GLMR(Moonbeam) and APT(Aptos).
Among them, 175,000 Tornado Cash tokens TORN (approximately $1.37 M) are to be unlocked at 11:29:50 on March 8, accounting for 1.75% of the total supply;
78,400,000 Cere Network tokens CERE (approximately $570K) are to be unlocked at 20:00:00 on March 8, accounting for 0.784% of the total supply;
122,350,000 PRIMAL tokens PRIMAL (approximately $1140K) are to be unlocked at 20:00:00 on March 8, accounting for 2.447% of the total supply;
192,307.69 Galxe tokens GAL (approximately $320K) are to be unlocked at 20:00:00 on March 9, accounting for 0.096% of the total supply;
9,682,879.74 Moonbean tokens GLMR (approximately $4M) are to be unlocked at 08:00:00 on March 11, accounting for 0.968% of the total supply;
4,543,477.94 Aptos tokens APT (approximately $50.7M) are to be unlocked at 08:00:00 on March 12, accounting for 0.454% of the total supply.
Besides, popular Linear Unlocks comprise OP、FIL、UNI、BLUR、CRV、LDO、GMT、ILV、IMX、ENS、AXL、MINA、MC、C98、MANA、COMP、SWISE、RPL、RBN、EUL、FXS、AAVE、LOOKS、GLMR、SWEAT、X2Y2、FORT、SUSHI、YFI、GEL, etc.
Among them, about 2,411,115 Optimism tokens OP (approximately $5.86M) are unlocked every day. 24% of “Ecosystem Fund” and “Retroactive Public Goods Funding” and 62% of user airdrops are yet to be unlocked;
About 454,795 Uniswap tokens UNI (approximately $2.86M) are unlocked every day. 46% of “Treasury Vester 3” and “team/investors/advisors” have been unlocked. In addition, there is a last round of “Treasury Vester 4” Linear Unlocks. A total of 83% of UNI have already been unlocked;
About 1,080,622 Curve DAO tokens CRV (approximately $1M) are unlocked every day. 56% of “Community LP” and 64% of the “Founder” part of “Team and Investors” have been unlocked.
Writer: Peng SUN，Foresight News
Translator&Editor: Poerain, Foresight News
Data&Image Source：Token Unlocks、VestLab