Becarful,Token Unlock Alerts Guys
Next week has major token unlocks lined up, with millions of dollars worth of tokens due to flood markets. Investors should expect volatility around the calendar dates of the specific token unlocks and maintain cognizance that this event is often a bearish catalyst.
Three cliff token unlock events will be of interest this coming week. First on the list will be on the Yield Guild Games ecosystem, which will be unlocking 16.69 million YGG tokens on March 27, worth $13.55 million at current rates.
Comprising 5.39% of the network’s circulating supply, the tokens will be allocated to the community, founders, the treasure and investors, with the latter expected to cash in for quick profits.
SingularityNET
On March 28, the AI crypto network SingularityNET will unlock 8.84 million AGIX tokens worth $9.18 million at current rates.
The tokens make up for 0.69% of the network’s circulating supply, and will be allocated toward AGIX-ADA utility. Token holders should brace for volatility.
Optimism
The biggest token unlocks event next week will happen on Ethereum Layer 2 (L2) network, Optimism on March 29. On this day, the network will unleash 24.16 million OP tokens worth $82.62 million at current rates.
The tokens will be allocated to core contributors and investors and will make up for 2.40% of the network’s circulating supply.
so guys be alert
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