Token Unlocking Events Taking Place Next Week.

Token unlocking events are the focus of investors due to the volatility they may create. Because Token unlocking increases the total supply of a cryptocurrency project. These important events attract the attention of both investors and analysts. You can find notable token opening dates and details of related projects in our news. 

Many projects will be holding token unlocking events over the next week.  According to Token Unlocks data, OP, SUI, DYDX and more projects are planning unlock events between May 27 and June 2. These planned events continue to attract the attention of the cryptocurrency world. Major projects such as Optimism, dYdX, and Sui, among others, will witness token unlocking activity totaling more than $376 million in the next few weeks. This increase in circulating supply can lead to price fluctuations in the crypto market.

#Optimism (OP): Slated to launch the largest amount of tokens next week, with 2.88% of the circulating OP supply (31.34 million tokens worth $82.12 million) distributed to founders, project team and investors on May 31 .

#Sui (SUI): Follows the same path with the planned release of 65.08 million SUI tokens worth $70.35 million, representing 2.78% of SUI’s circulating supply. These tokens will be allocated to private investors, teams, founders and community members.

dYdX (DYDX): dYdX exchange stands out with a significant load transfer; this is worth $66.33 million, accounting for 11.9% of the circulating supply of the #DYDX token. This distribution, set for June 1, includes a section reserved for founders, employees, advisors, consultants and “future employees.”

In addition, #Ethena (ENA), #Acala (ACA), 1INCH and ZETA are also planned to be unlocked on June 1. YGG and NYM will witness an unlock event with a total value of over $20 million on Sunday.