Weekly Token Unlock Preview: OP's nearly $100 million large-scale unlock, 7 projects are about to unlock
Next week, the number of token unlock projects worth paying attention to in the crypto market will increase significantly, with 7 projects set to unlock their tokens.
Among the unlock projects, OP's super large-scale unlock is definitely worth paying attention to. In recent days, the price of OP tokens has risen rapidly, and the soaring coin price has also led to a surge in its market value. In the upcoming unlock, although the number of tokens is still the same as the regular monthly unlocks before, the unlock amount has reached a staggering over $80 million.
In addition, YGG is also undergoing a large unlock of over 5% of its circulation. While the well-established NFT market X2Y2 has a small unlock amount, the unlock share is still relatively large, nearly 10%.
The specific unlock situation is as follows:
Large-scale Unlock
Optimism
Project Website: https://www.optimism.io/
Official Twitter: https://twitter.com/optimismFND
Amount of this unlock: 24.16 million tokens
Amount of this unlock: (approx.) $82.62 million
Optimism will see a nearly $100 million large-scale unlock. As a leading product in the Ethereum Layer2 track, Optimism is the first L2 with an Optimistic Rollup route compatible with EVM. Optimism runs parallel to Ethereum and can process transactions on a large scale while inheriting Ethereum's security.
Of the over 24 million tokens released this time, over 12.75 million belong to core contributors. The remaining 11.4 million belong to investors.
In May of this year, OP completed the largest token unlock in its history, which is currently a monthly regular unlock.
In terms of the unlock amount, this unlock accounts for 2.65% of the circulation, but previous unlocks have provided investors with historical data for reference.
In terms of the unlock volume, the unlock amounts for most regular unlocks are relatively similar. As the unlocks progress and the circulation increases, the "proportion of circulation" for each regular unlock has been decreasing. Although this unlock of "2.65%" is relatively large, the unlock proportion has already decreased compared to the previous unlock.
YieldGuildGames
Project Website: https://yieldguild.io/
Official Twitter: https://twitter.com/YieldGuild
Amount of this unlock: 16.69 million tokens
Amount of this unlock: (approx.) $6.92 million
YGG is a DAO project for game guilds that was once popular, where the guild buys in-game items in GameFi and leases them to players, taking a cut of the players' in-game earnings.
The unlock information indicates that 7.01 million tokens of this unlock belong to the community, 4.17 million belong to the foundation, and 3.2 million belong to investors.
YGG has been unlocking frequently in recent times. A large number of tokens from YGG have not yet flowed into the market, with 46% of the tokens still locked. From the release model perspective, this unlock is not considered special. Unlocks of similar scale or magnitude occur monthly. There will not be larger-scale unlocks different from these regular unlocks in the future. Investors have sufficient historical data for reference.
This week, approximately 16.69 million YGG tokens will be unlocked, equivalent to about $6.92 million. The current circulation of YGG is approximately 281 million tokens, and this unlock accounts for approximately 5.94% of the circulation.
X2Y2
Project Website: https://x2y2.io/
Official Twitter: https://twitter.com/the_x2y2
Amount of this unlock: 37.5 million tokens
Amount of this unlock: (approx.) $516,000
X2Y2 is an NFT trading platform that was initially known for its zero royalties and low transaction fees. This time, 37.5 million tokens will be unlocked, worth approximately $516,000.
From the unlock curve, unlocks of similar scale occur once per quarter. The circulating market value of X2Y2 is only over $4.6 million, and although the token unlock amount is relatively small in terms of value, it still accounts for nearly 10% of the circulation of X2Y2, which is an unlock worth investors' attention.
Regular Unlocks
In addition to the above large-scale unlocks,
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