A significant number of token unlocks are scheduled to take place in the coming days, with several major cryptocurrencies set to release large amounts of tokens into circulation. According to Token Unlocks data, Optimism (OP), Sui (SUI), ZetaChain (ZETA), and others will see substantial unlocks, potentially impacting market dynamics.
Unlock Schedule and Details
* Optimism (OP): Approximately 31.34 million tokens will be unlocked on December 31 at 8:00 Beijing time, accounting for 2.32% of the current circulating supply, valued at around $57.04 million. * Sui (SUI): Around 64.19 million tokens will be unlocked on January 1, 2025, at 8:00 Beijing time, representing 2.19% of the current circulating supply, worth approximately $263 million. * ZetaChain (ZETA): Approximately 53.89 million tokens will be unlocked on January 1, 2025, at 8:00 Beijing time, accounting for 9.35% of the current circulating supply, valued at around $31.18 million. * dYdX (DYDX): Around 8.33 million tokens will be unlocked on January 1, 2025, at 8:00 Beijing time, representing 1.17% of the current circulating supply, worth approximately $12.5 million. * Ethena (ENA): Approximately 12.86 million tokens will be unlocked on January 1, 2025, at 8:00 Beijing time, accounting for 0.44% of the current circulating supply, valued at around $12.44 million. * Kaspa (KAS): Around 182 million tokens will be unlocked on January 6, 2025, at 8:00 Beijing time, representing 0.72% of the current circulating supply, worth approximately $21.31 million.
These upcoming token unlocks may have significant implications for the cryptocurrency market, and investors are advised to stay informed and adapt their strategies accordingly.
Source: M.theblockbeats.info
The post Upcoming Token Unlocks: Millions of Dollars Worth of Cryptocurrencies appeared first on CoinBuzzFeed.
