Market

Crypto Token Unlocks This Week: 7 Projects With A Total Release Value Of $37.48 Million

Key Points:

  • Seven major crypto token unlocks are expected this week in the crypto market.
  • Optimism’s release of 24.16 million OP tokens on September 30, worth over $30.68 million.
  • Notable unlocks also include $2.56 million in YGG tokens and $1.73 million in AGIX tokens on September 27.
In a significant development for the cryptocurrency market, seven substantial token unlocks are poised to take place this week, with potential implications for market dynamics.
Crypto Token Unlocks This Week: 7 Projects With A Total Release Value Of $37.48 Million 2

Seven Major Crypto Token Unlocks This Week

The first unlock is set for September 27, as Galxe plans to release $780,270 worth of GAL tokens into circulation, possibly impacting market liquidity and trading volumes.

This series of token unlocks has the potential to influence the prices of these assets in the crypto market. Investors and traders are advised to closely monitor these events as they could lead to fluctuations in asset values.

Optimism Unleashes $30.68 Million Worth of OP Tokens on September 30

However, the most notable event on the horizon is scheduled for September 30, when Optimism will unlock over 24.16 million OP tokens, equivalent to more than $30.68 million at current rates. These tokens will be distributed among core contributors and investors, with 12.75 million tokens, valued at $17.60 million, designated for core contributors, and 11.41 million OP tokens, worth $15.74 million, set to be unlocked for investors.

In addition to these developments, there are other notable token unlocks to watch out for, including $2.56 million worth of YGG tokens set to be unlocked on September 27, along with $1.73 million worth of AGIX tokens scheduled for the same day. As the crypto market braces for these releases, stakeholders will be keeping a keen eye on their impact.

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.

20 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,…

20 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.