This Week Sees a One-Time Unlocking of 0.652% of DYDX Total Supply, while SUI Unlocks 0.346% of Total Supply
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.
34,615,385 SUI tokens (approximately $23.33 million) will be unlocked on July 3rd at 08:00:00, accounting for 0.346% of the total token supply.
6,520,128 DYDX tokens (approximately $13.76 million) will be unlocked on July 4th at 23:00:00, accounting for 0.652% of the total supply.
657,350.92 LQTY tokens (approximately $620,000) will be unlocked on July 5th at 08:00:00, accounting for 0.657% of the total token supply.
416,666.67 GAL tokens (approximately $530,000) will be unlocked on July 5th at 20:00:00, accounting for 0.208% of the total token supply.
151,562 EUL tokens (approximately $340,000) will be unlocked on July 6th at 04:15:30, accounting for 0.558% of the total token supply.
20,000,000 SAFE tokens (SAFE tokens currently not transferable) will be unlocked on July 7th at 08:00:00, accounting for 2% of the total token supply.
3,230,889.22 HFT tokens (approximately $1.18 million) will be unlocked for Hashflow token (HFT) on July 7th at 08:00:00, accounting for 0.323% of the total token supply.
12,500,000 NYM tokens (approximately $2.36 million) will be unlocked for Nym token (NYM) on July 8th at 08:00:00, accounting for 1.25% of the total token supply.
32,143 1inch (1INCH) tokens (approximately $10,000) will be unlocked on July 9th at 16:00:00, accounting for 0.002% of the total token supply.
In addition, popular tokens that are currently undergoing continuous linear unlocking include UNI, ATOM, FIL, DOT, AVAX, DOGE, BLUR, CRV, LDO, GMT, LUNA, EDU, NEAR, ILV, GRT, OSMO, IMX, ENS, AXL, MASK, GALA, RDNT, BAL, GMX, JOE, CTSI, MINA, STG, MC, C98, MANA, COMP, SWISE, RPL, RBN, EUL, FXS, AAVE, LOOKS, GLMR, SWEAT, X2Y2, FORT, SUSHI, YFI, GEL, LQTY, and HFT.
Each day, a total of 454,795 UNI tokens from Uniswap (UNI) are unlocked, which is approximately $2.52 million in value. This includes allocations for the “Community Treasury” as well as the “Team/Investors/Advisors.” Currently, 11.85% of UNI tokens remain locked and unreleased.
Each day, a total of 517,638 FIL tokens from Filecoin (FIL) are unlocked, which is approximately $2.11 million in value. This includes allocations for “Fundraising 36 months,” “Baseline Minting,” “Protocol Labs,” “Filecoin Foundation,” “Simple Minting,” and “Protocol Labs Team and Contributors.” Currently, 55.18% of FIL tokens remain locked and unreleased.
Please note that this article does not provide investment advice. Any decisions made based on the information provided should be done at your own discretion and responsibility.