Weekly Token Unlocks: ZRO Unlocks $23 Million Worth of Tokens
- Key Insight: Three projects (LayerZero, Kaito, Starknet) will undergo token unlocks this week, releasing a total of approximately 260 million tokens into the market, with a combined value of about $34.7 million. This could exert some short-term pressure on the liquidity and price of the related tokens.
- Key Elements:
- LayerZero will unlock 25.75 million tokens (approximately $23.16 million). As a leading omnichain interoperability protocol, this is the largest unlock this week, and its impact on the circulating supply should be monitored.
- Kaito will unlock 17.6 million tokens (approximately $7.4 million). As an AI-driven Web3 information aggregation platform, its token unlock is relatively smaller in scale.
- Starknet will unlock 120 million tokens (approximately $4.34 million). Although the dollar value is lower, the sheer number of tokens unlocked is massive, reflecting its low unit price, which could potentially impact market sell pressure.
Layerzero
Twitter: https://x.com/LayerZero_Core
Official Website: https://layerzero.network/
Tokens Unlocked This Time: 25.75 million
Value of Unlocked Tokens: Approximately $23.16 million
LayerZero is an omnichain interoperability protocol designed for lightweight cross-chain messaging. It provides reliable and guaranteed message delivery with configurable trustlessness.
The specific unlocking schedule is as follows:
Kaito
Twitter: https://x.com/KaitoAI
Official Website: https://www.kaito.ai/
Tokens Unlocked This Time: 17.6 million
Value of Unlocked Tokens: Approximately $7.4 million
Kaito is an AI-powered Web3 information platform designed to solve the problem of information fragmentation in the crypto industry. By aggregating data from sources such as social media and governance forums, Kaito leverages AI technology to provide real-time search, sentiment analysis, and trend tracking.
The specific unlocking schedule is as follows:
Starknet
Twitter: https://twitter.com/Starknet
Official Website: https://starknet.io/
Tokens Unlocked This Time: 120 million
Value of Unlocked Tokens: Approximately $4.34 million
Starknet is a Layer 2 scaling solution for Ethereum, utilizing zk-STARKs technology to make Ethereum transactions faster and cheaper. Its parent company, StarkWare, was founded in 2018 and is headquartered in Israel. Its main products include Starknet and StarkEx. By using STARKs, Starknet validates transactions and computations without requiring every network node to verify each operation. This significantly reduces computational burden and increases the throughput of the blockchain network.
The specific unlocking schedule is as follows:
