Weekly Token Unlocks: YZY Unlocks Nearly 10% of Its Circulating Supply
- Key Takeaway: Two projects, YZY and Starknet, are about to see token unlocks, releasing 29.17 million tokens (approximately $8.4 million) and 130 million tokens (approximately $5.01 million) respectively, spanning the celebrity token and Layer 2 sectors.
- Key Points:
- YZY is a token issued by Kanye West. This unlock releases 29.17 million tokens worth about $8.4 million, with an implied per-token price significantly higher than Starknet's.
- Starknet unlocks 130 million tokens this time, worth about $5.01 million. The unlock volume is far larger than YZY's, but the total value is lower.
- Starknet is an Ethereum Layer 2 that uses zk-STARKs technology to improve transaction speed and reduce fees.
- Starknet's parent company StarkWare was founded in 2018 and is headquartered in Israel. Its core products include Starknet and StarkEx.
- Starknet verifies transactions and computations through STARKs, eliminating the need for all network nodes to verify each transaction individually, thereby reducing computational load and improving throughput.
YZY
Project Twitter: https://x.com/kanyewest
Project Website: http://money.yeezy.com/
Unlock Amount This Time: 29.17 million tokens
Unlock Value This Time: approximately $8.4 million
The token issued by Kanye.
The specific release curve is as follows:
Starknet
Project Twitter: https://twitter.com/Starknet
Project Website: https://starknet.io/
Unlock Amount This Time: 130 million tokens
Unlock Value This Time: approximately $5.01 million
Starknet is a Layer 2 on Ethereum that leverages zk-STARKs technology to make Ethereum transactions faster and cheaper. Starknet's parent company StarkWare was founded in 2018 and is headquartered in Israel, with its main products including Starknet and StarkEx. By using STARK, Starknet verifies transactions and computations without requiring all network nodes to validate every operation. This significantly reduces the computational burden and increases the throughput of the blockchain network.
The specific release curve is as follows:
