Top 4 Token Unlocks to Watch This Week: Do Not Become Exit Liquidity for VCs
Token unlocks release previously restricted tokens, carefully scheduled to avoid market disruptions. However, factors like liquidity and investor actions can impact prices. Here's a look at four notable token unlocks this week:
- Unlock Date: July 31
- Tokens Unlocked: 31.34 million OP
- Current Supply: 1.1 billion OP
Optimism, a Layer-2 scaling solution for Ethereum, will release 31.34 million OP tokens, primarily to core contributors and investors. This unlock increases the circulating supply, influencing governance and network decisions.
- Unlock Date: August 1
- Tokens Unlocked: 64.19 million SUI
- Current Supply: 2.5 billion SUI
Sui, a high-performance Layer-1 blockchain, will unlock 64.19 million SUI tokens, allocated to Series A and B participants, community reserve, and the Mysten Labs treasury. This release could significantly impact SUI's market dynamics.
3. ZetaChain (ZETA)
- Unlock Date: August 1
- Tokens Unlocked: 53.89 million ZETA
- Current Supply: 284.81 million ZETA
ZetaChain, known for cross-chain communication, will release nearly 54 million ZETA tokens. These will support user growth, ecosystem expansion, core contributors, and liquidity incentives, potentially enhancing its cross-chain capabilities.
4. Wormhole ($W )
- Unlock Date: August 3
- Tokens Unlocked: 600 million W
- Current Supply: 1.8 billion W
Wormhole, a bridge between Solana and other networks, will unlock 600 million W tokens. This release has sparked mixed reactions, with concerns about market impact versus benefits for liquidity and ecosystem growth.
Other noteworthy unlocks include Echelon Prime (PRIME), dYdX (DYDX), Manta Network (MANTA), Galxe (GAL), and Ethena (ENA), totaling over $340 million in value. While often seen as bearish, strategic unlocks aligned with milestones can strengthen projects, motivate teams, and boost community engagement.
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