Weekly Token Unlocking Preview: OP will unlock a large amount of nearly 100 million US dollars, and 7 projects will be unlocked soon

Loopy Lu

读者

2023-12-24 18:08 (UTC+8)

This article is about 1038 words, reading the full article takes about 2 minutes

The skyrocketing OP is about to be unlocked in large amounts.

AI Summary

The skyrocketing OP is about to be unlocked in large amounts.

Organize - Odaily

Editor - Loopy Lu

Next week, the number of token unlocking projects worthy of attention in the crypto market will increase significantly, and 7 projects will have their tokens unlocked.

Among the unlocking projects, OP’s huge unlocking is definitely worthy of attention. In recent days, the OP token has risen rapidly, and the soaring currency price has also caused its market value to soar. In the upcoming unlock, although the number of tokens is still the same as the previous monthly unlocks, the amount unlocked has reached a staggering over 80 million US dollars.

In addition, YGG is also undergoing large-scale unlocking exceeding 5% of the circulating supply. Although the unlocked amount of X2Y2, an established NFT market, is not large, its unlocked share is still relatively large, nearly 10%.

The specific unlocking conditions are as follows:

Large amount unlocked

Optimism

Project official website:https://www.optimism.io/

Official Twitter:https://twitter.com/optimismFND

Number of unlocked coins this time: 24.16 million

Amount unlocked this time: (approximately) US$82.62 million

Optimism will usher inNearly 100 million US dollarsThe super large amount is unlocked. As the leading product on the Ethereum Layer 2 track, Optimism is the first L2 of the Optimistic Rollup route that is compatible with EVM. Optimism runs parallel to Ethereum and is able to process transactions at scale while inheriting the security of Ethereum.

Of the over 24 million tokens released this time, over 12.75 million belong to core contributors. The remaining 11.4 million coins belong to investors.

In May of this year, OP completed the largest token unlock in its history of token release. The current unlock is a regular monthly unlock.

Judging from the number of unlocks, this unlock accounts for 2.65% of the circulating supply, but previous unlocks have provided investors with historical data for reference.

Judging from the amount of unlocks, most regular unlocks have similar numbers. With the advancement of unlocking and the increase in circulation volume, the current proportion of circulation volume of each fixed quota unlocking has gradually decreased. Although the “2.65%” unlocked this time is relatively large, it has decreased compared with the unlocked ratio last time.

Yield Guild Games

Project official website:https://yieldguild.io/

Official Twitter:https://twitter.com/YieldGuild

Number of coins unlocked this time: 16.69 million

Amount unlocked this time: (approximately) US$6.92 million

YGG is a game guild DAO project that was once popular. The guild buys props in GameFi and rents them to players, and extracts the players gold income.

The unlocking information shows that 7.01 million of the unlocked tokens belong to the community, 4.17 million belong to the foundation, and 3.2 million belong to investors.

In recent times, YGG has been unlocking frequently. YGG also has a large number of tokens that have not flowed to the market, and currently 46% of the tokens are still locked. From the perspective of the release model, this unlock is not special. Unlocks of similar size or magnitude are happening every month. And there will be no larger-scale unlocks in the future that are different in magnitude from such regular unlocks. Investors have ample historical data for reference.

This week, approximately 16.69 million YGG tokens will be unlocked, equivalent to approximately $6.92 million. There are currently about 281 million YGG in circulation, and the number unlocked this time is about 5.94% of the circulation.

X2Y2

Project official website:https://x2y2.io/

Official Twitter:https://twitter.com/the_x2y2

Quantity unlocked this time: 37.5 million

Amount unlocked this time: (approximately) US$516,000

X2Y2 is an NFT trading platform. At the time of its launch, it was known for its zero royalties and low transaction fees. This time, 37.5 million tokens will be unlocked, worth approximately US$516,000.

Judging from the unlocking curve, unlockings of the same scale occur once every quarter. The circulating market value of X2Y2 is only over 4.6 million US dollars. Although this token unlock is small in terms of amount, it still accounts for nearly 10% of the X2Y2 circulating supply. This is an unlock that deserves the attention of investors.