Market

Notable Upcoming Unlock Tokens This Week

Key Points:

  • Unlock tokens worth over $121 million this week, including SPACE ID, Lido DAO, Avalanche, Yield Guild Games, and SingularityNET.
  • LDO, AVAX, and AGIX faced drops in value, with YGG experiencing a sharp 33% decline post-unlocking.
  • Token unlocking marks the end of vesting periods, potentially leading to sales and affecting token values.
Following BNB’s attention, the unlock tokens on the market this week also have notable that make us take a look. This amount of tokens corresponds to more than $121 million.
Notable Upcoming Unlock Tokens This Week 2

SPACE ID

SPACE ID (ID) will unlock 18.49 million tokens (6.46% of the total circulating supply) earlier this week, equivalent to $3.62 million at current prices. The price of ID has been quite negative lately; its price has dropped more than 81% since peaking at $1.

Lido DAO

Lido DAO (LDO) will unlock 8.5 million tokens (0.97% of the total circulating supply) earlier this week, equivalent to $13.94 million at current prices. LDO has dropped more than 10% in the past week, given the current market volatility.

Avalanche

Avalanche (AVAX) will unlock 9.54 million tokens (2.77% of the total circulating supply) earlier this week, equivalent to $99.81 million at current prices. AVAX is one of the altcoins that has seen a relatively strong drop, as it lost 14% of its value in the past week.

Yield Guild Games

Yield Guild Games (YGG) will unlock 12.22 million tokens (6.6% of the total circulating supply) earlier this week, equivalent to $2.75 million at current prices. The YGG token tumbled over 33% last week following its previous spike in volatility.

SingularityNET

SingularityNET (AGIX) will unlock 9.82 million tokens (0.8% of the total circulating supply) earlier this week, equivalent to $1.76 million at current prices. AGIX, as well as other tokens, have dropped more than 16% in the past week.

After a vesting or lock-up period, token unlocks release a part of a project’s tokens. These tokens are often kept by the project’s staff and investors and have limits on when they may be exchanged or transferred. Token unlocking often indicates that the tokens may be sold.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Dogecoin Price Gets $5 Prediction, Shiba Inu To Rally 1,100%, And ETFSwap (ETFS) To Jump 135x

Here are the latest predictions for Dogecoin, Shiba Inu, and ETFswap.

18 mins ago

AVAX Hits $1B in DeFi, Cardano Expected to Surge—BlockDAG Leads with $110M Presale & 100% Bonus!

Discover BlockDAG's 100% bonus and $110M presale surge that’s sparking interest among crypto enthusiasts. Also,…

18 mins ago

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

3 hours ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

5 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

8 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

9 hours ago

This website uses cookies.