Token Unlock Announcement for this week: IMX million-dollar level unlocking, 6 projects unlock worth attention.

Organized | Odaily

Editor | Loopy

This week, the unlocking of tokens for 6 projects is worth paying attention to, and some large unlocking amounts deserve attention, such as LOOKS, HFT, IMX.

There are many token unlocking projects this week, involving different tracks such as Layer 1, Layer 2, NFT, DeFi, and both new and old projects. It is recommended that investors correspond to their positions and timely capture market returns or take precautions for risk control.

The specific unlocking details are as follows:

Large Unlocking

LooksRare

Project Official Website:https://looksrare.org/

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

This time unlocking quantity: 12.5 million coins 

This time unlocking amount: (approximately) 67.3 thousand USD

LooksRare is an NFT trading platform. At the beginning of its release, it attracted a lot of attention from investors through airdrops. Among the tokens unlocked this week, LOOKS has the largest unlocking share, accounting for 2.29% of the current circulation. 

Currently, LOOKS has a circulation of 91%, and the unlocking is nearing completion, with only 9% of the tokens remaining locked. By the end of this year, all LOOKS tokens will be fully released.

The unlocking curve of LOOKS is interesting, with a large unlocking happening every quarter, while small linear unlockings occur during the rest of the time.

After this unlocking, there will be only one more large unlocking remaining. The approximately 2% token share, compared to the previous token unlocking, may not be considered a huge amount, but it is still worth investors' attention.

Hashflow

Project website：https://www.hashflow.com/

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

This time unlocking quantity: 3.23 million coins

This time unlocking amount: (approximately) 107 thousand USD

Hashflow is a decentralized exchange aimed at achieving zero slippage and MEV protection in transactions. Hashflow can currently be used on multiple chains such as Ethereum, BNB Chain, Polygon, Avalanche, Arbitrum, and Optimism; introducing professional market makers to manage liquidity provides better trading prices and smaller slippage.

75% of HFT tokens are still locked, and their unlocking is proceeding smoothly, with a similar-sized unlocking occurring every month.

The unlocked 3.23 million tokens account for approximately 0.3% of the total supply, but if viewed in terms of circulating supply, it accounts for 1.84% of the circulating supply.

Moreover, from the release model perspective, although this unlocking scale is relatively large, it still provides the market with sufficient historical data for reference. The release curve shows that it will not exceed the normal unlocking amount until November this year.

ImmutableX

Official Website: https://www.immutable.com/

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

Unlocked quantity: 18.08 million coins

Unlocked amount: (approximately) 9.88 million US dollars

Immutable X is touted as the Ethereum's first ZK-rollup layer 2 protocol for trading and transferring NFTs. It offers instant transaction confirmation, zero gas fees, and tremendous scalability as it can accommodate 9,000 transactions per second. Immutable X accomplishes all of this without compromising user ownership. The protocol is built by the Starkware team using StarEx technology.

The unlock amount of IMX is quite significant, and from the amount alone, it has reached a considerable scale with an unlocked value of nearly tens of millions of dollars, accounting for nearly 2% of the circulating market value. However, such unlocking situations often occur.

From the release model perspective, this unlocking is not overly special. Similar scales or magnitudes of unlocking occur monthly. And there will not be larger-scale unlockings different from these regular unlockings in the future. Investors have abundant historical data to refer to.

Regular Unlocking

Apart from the above projects, the long-standing DeFi lending/stablecoin project Liquity, the Web3 identity project Galxe, and the Polkadot ecosystem Layer 1 Moonbeam, all have a small circulating supply of less than 1% unlocked.