Lock openings in the cryptocurrency market often lead to large price movements. According to data from TokenUnlocksApp, $373.11 million in unlocks is expected in the seven-day period starting May 25. The three largest unlocks will occur on May 31 and June 1, releasing $219.67 million worth of tokens.
Optimism (OP) Unlocking
Layer-2 project Optimism (OP) will unlock 31.34 million OP tokens worth $80.23 million on May 31. These key openings lead to a 3% monthly supply inflation in the protocol. Core contributors to the protocol will receive 16.54 million OPs worth $42.35 million, while private investors will receive tokens worth $37.89 million.
dYdX Protocol (DYDX)
Decentralized exchange protocol DYDX will unlock $70 million worth of tokens on June 1. In the past, similar unlocks took place on April 27 and March 31, releasing tokens worth $70.33 million and $117.33 million, respectively. This situation led to a decrease in the purchasing power of the token and supply inflation.
On February 29, there was a lock opening of 130 million dollars. The lock opening on June 1 could mean 12% monthly inflation for DYDX investors.
Sui Network (SUI) Unlocking
Layer-1 blockchain project Sui Network (SUI) will unlock 65.08 million SUI on June 1. This key opening, which will be held on behalf of private investors, the development team and the Mysten Labs treasury, will increase the total supply by 2.8%. Private investors will receive more than 60% of the $70 million SUI, or 39.16 million SUI.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
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So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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