3 Token Unlocks to Watch Next Week
Optimism (OP)
Unlock date: May 31
Number of tokens unlocked: 31.34 million OP
Current circulating supply: 1.08 billion OP
Optimism is a Layer-2 scaling solution that aims to improve the speed and reduce the cost of transactions on the Ethereum mainnet. The OP token allows holders to govern the Optimism ecosystem by voting on proposals and decisions that shape the network’s development and management.On May 31, the project will add over 30 million OP to the circulating supply. According to TokenUnlocks, the distribution will allocate these tokens to investors and core contributors.
1inch (1INCH)
Unlock date: June 1
Number of tokens unlocked: 98.7 million 1INCH
Current circulating supply: 1.15 billion 1INCH
1inch is a decentralized exchange aggregator that sources liquidity from various DEXs to provide users with the best possible trading rates. It aims to optimize and simplify trading by finding the most efficient transaction routes, minimizing slippage, and reducing trading fees.The next 1INCH token unlock is scheduled for June 1. The release will include nearly 100 million tokens, reserved for developers, early investors, and venture capital funds.
Sui (SUI)
Unlock date: June 1
Number of tokens unlocked: 65.08 million SUI
Current circulating supply: 2.33 billion SUI
Sui is a high-performance Layer-1 blockchain that uses a Proof-of-Stake consensus algorithm to ensure network operation and security. The project was developed by Mysten Labs, a company founded in 2021 by former Novi Research employees who created the Diem blockchain and the Move programming language.The SUI token facilitates governance, enabling token holders to vote on important proposals and shape the platform’s future. The next unlock will happen on June 1, releasing a significant portion of tokens set aside for Series A and B participants, community reserve, and the Mysten Labs treasury.