YGG, AGIX, OP, and ACA tokens will all experience significant one-time 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 data compiled by Token Unlocks, the following tokens will experience one-time unlocks this week (June 26th to July 2nd, 2023):
YGG (Yield Guild Games)
The YGG token of Yield Guild Games will unlock 8,039,121 tokens (approximately $1.3 million) on June 27th at 22:00:00 UTC, accounting for 0.804% of the total supply.
(Note: Please note that the information provided is based on the given data source and may be subject to change. It is always recommended to verify the information from official sources.)
The 1inch token, 1INCH, will unlock 64,286 tokens (approximately $20,000) on June 28th at 08:00:00 UTC, representing 0.004% of the total supply.
The SingularityNET token, AGIX, will unlock 10,125,891.1 tokens (approximately $2.5 million) on June 28th at 08:00:00 UTC, representing 0.506% of the total supply.
The Galxe token, GAL, will unlock 586,666,66 tokens (approximately $810,000) on June 29th at 20:00:00 UTC, representing 0.293% of the total supply.
The Optimism token, OP, will unlock 24,159,191.04 tokens (approximately $32.85 million) on June 30th at 12:00:00 UTC, representing 0.562% of the total supply.
The Acala token, ACA, will unlock 27,433,333 tokens (approximately $1.35 million) on July 1st at 15:00:00 UTC, representing 2.743% of the total supply.
In addition to the mentioned tokens, there are several other popular tokens currently undergoing continuous linear unlocks. These 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, among others.
The Uniswap Token UNI has a daily unlock of 454,795 tokens (approximately $2.46 million), including allocations for the “Community Treasury” and “Team/Investors/Advisors.” Currently, 12.17% of UNI remain locked.
The Blur token BLUR has a daily unlock of 2,882,192 tokens (approximately $1 million), including allocations for the “Community Treasury,” “Past and Future Core Contributors,” “Investors,” and “Advisors.” Currently, 75.38% of BLUR tokens remain locked.
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.