Weekly Token Unlock Preview: OP is nearly 100 million US dollars unlocked, and 7 projects are about to be unlocked

Finishing | Odaily Planet Daily

Edit | Loopy Lu

Next week, the number of noteworthy Token unlocking projects in the crypto market will increase significantly, and 7 projects will usher in Token unlocking.

And in the unlocking project, the super large unlocking of OP is definitely worth paying attention to. In recent days, the OP Token has risen rapidly, and the soaring currency price has also made its Market Cap soar. In the upcoming unlocks, although the number of tokens is still the same as the previous monthly regular unlocks, the unlocked amount has reached a staggering more than $80 million.

In addition, YGG is also carrying out large unlocks of more than 5% of the Circulating Supply. Although the old Non-fungible Token market X2Y2 unlocks a small amount, the unlock share is still large, nearly 10%.

The specific unlocking situation is as follows:

Large unlocks

Optimism

Project Official Website:

Official Twitter:

Number unlocked: 24.16 million

The amount unlocked this time: (approximately) $82.62 million

Optimism will usher in a huge unlock of nearly 100 million yuan. As the leader of the Ethereum Layer 2 track, Optimism is the first L2 of the EVM-compatible Optimistic Rollup route. Optimism runs in parallel with Ethereum and is able to process transactions at scale while inheriting Ethereum’s security.

Of the more than 24 million Tokens released this time, more than 12.75 million are attributed to core contributors. The remaining 11.4 million went to investors.

In May of this year, OP completed the largest Token unlock in the history of its Token Release, which is currently unlocked on a monthly basis.

In terms of the number of unlocks, this unlock accounts for 2.65% of the Circulating Supply, but previous unlocks have provided investors with historical data for reference.

In terms of the number of unlocks, most of the regular unlocks have a similar number of unlocks. With the advancement of unlocking and the rise of Circulating Supply, the “proportion of Circulating Supply” unlocked each time is decreasing gradually. Although the “2.65%” unlocked this time is relatively large, it has decreased from the unlock ratio of the last unlock.

Yield Guild Games

Project Official Website:

Official Twitter:

Number unlocked: 16.69 million

The amount unlocked this time: (approx.) $6.92 million

YGG is a previously popular game guild DAO project, which buys items in GameFi and rents them to players to extract players’ gold income.

Its unlocking information shows that 7.01 million of the unlocked tokens belong to the community, 4.17 million to the foundation, and 3.2 million to investors.

In recent times, YGG has been unlocking frequently. YGG also has a large number of Tokens that have not yet flowed to the market, with 46% of Tokens still locked. Judging from the release model, this unlock is not special. Unlocks of a similar size or magnitude occur every month. And in the future, there will be no larger-scale unlocks of a magnitude different from such regular unlocks. Investors have ample historical data to refer to.

This week, the YGG Token will unlock about 16.69 million coins, or about $6.92 million. At present, the circulating quantity of YGG is about 281 million, and the number unlocked this time is about 5.94% of the circulating supply.

X2Y2

Project Official Website:

Official Twitter: _x2y2

Unlocked this time: 37.5 million

The amount unlocked this time: (approx.) $516,000

X2Y2 is an Non-fungible Token trading platform. At the beginning of its launch, it was known for its zero royalties and low transaction fees. 37.5 million Tokens worth about $516,000 will be unlocked this time.

Looking at the unlock curve, unlocks of the same size occur once a quarter. With a circulating Market Cap of only $4.6 million, this Token Unlock still accounts for nearly 10% of X2Y2’s Circulating Supply, although it is small in terms of amount, which is an unlock worthy of investors’ attention.

Regular unlocking

In addition to the above-mentioned large unlocks,