Next week will see approximately $106 million in tokens entering the market. Investors should prepare in advance for volatility around unlocking – which is often a bearish catalyst as traders tend to get stuck in liquidity exits.
There are three notable cliff unlocking events next week, including:
1. Yield Guild Games
First on the list will be the Yield Guild Games ecosystem, which will unlock 16.69 million YGG tokens on March 27, worth $13.55 million at current exchange rates.
Accounting for 5.39% of the network's circulating supply, the tokens will be allocated to the community, founders, treasure, and investors.
2. SingularityNET
On March 28, SingularityNET will unlock 8.84 million AGIX tokens worth $9.18 million, representing 0.69% of the network's circulating supply, and will be allocated to the AGIX-ADA utility.
3. Optimism
Next week's largest token unlock event will take place on the Ethereum Layer 2 Optimism network on March 29, releasing 24.16 million OP worth $82.62 million, representing 2.40% of the circulating supply. Tokens will be distributed to core contributors and investors.
A total of 106.40 million USD will be unlocked for Cliff next week.
Unlocking events can provide participation opportunities for sideline investors by taking advantage of short-term volatility. Active traders know how to profit by trading around these events.
