In the coming six days, the Kaspa token (KAS), will release $21.39 million worth of tokens, accounting for 0.72% of the total circulating supply.
Token unlocks are termed the organized release of locked crypto tokens, generally assigned to early investors, team members, and ecosystem growth.
Big releases can signify selling pressure and impact near-term prices, and at the same time, others might take an ecosystem boost by funding development or motivating participation.
This week, the token release of more than $5 million will occur. It will feature some assets like SUI, OP, ZETA, KAS, DYDX, ENA, and many more. A complete solution for supply-side tokenomics data, Tokenomist reveals that the first in the unlock cycle is SUI, having around $263.20 million in tokens organized to be unlocked, totaling 2.19% of its total circulating supply.
The event is anticipated to happen around one day from today. Moreover, $58.61 million worth of Optimism (OP) tokens, or about 2.32% of the overall supply, will be unlocked within some hours.
More tokens to be unlocked
After this, Zeta Chain holds around $31.22 million which accounts for 9.35% of its supply that will be unlocked in the same period. Another major project is dYdX, which will unlock about $12.75 million which stands for 1.17% of the total supply, and Ethena (ENA), unlocking $12.73 million in tokens, accounting for 0.44% of its supply.
In the coming six days, the Kaspa token (KAS), will release $21.39 million worth of tokens, accounting for 0.72% of the total circulating supply. The unlocking will set circulating supply and can take the prices, trading volumes, and liquidity up through the market.
Exploiting the GHOSTDAG consensus protocol, KAS permits the similar creation of blocks, leading to the building of a block-directed Acyclic Graph or blockDAG for enhanced scalability and consensus.
What is a token unlock?
Unrivaled by the single 1 block/s and the plan to have 10 or even 100 block/s, KAS is made for high-output financial applications, with speed, scalability as well as security as its base, and features such as directed acyclic graph (DAG) and others.
Token unlocks are termed the organized release of locked crypto tokens, generally assigned to early investors, team members, and ecosystem growth. These events generate a circulating supply of the token, which can affect its price in a scene where market demand can not occupy the newly issued tokens.
Big releases can signify selling pressure and impact near-term prices, and at the same time, others might take an ecosystem boost by funding development or motivating participation. Normally, investors monitor them, to forecast price movements and alter strategies.
