Several token projects are planning significant unlocks in August, totaling nearly $1 billion, which could impact market dynamics.
Points
- Major token unlocks planned for Optimism, dYdX, Sui, ZetaChain, and Wormhole.
- Unlocks include millions of tokens worth tens to hundreds of millions of dollars.
- Potential market impact from increased token circulation and liquidity.
August is set to be a pivotal month for several token projects, with nearly $1 billion worth of tokens scheduled for release. Key projects include Optimism, dYdX, Sui, ZetaChain, and Wormhole, each unlocking significant portions of their circulating supply.
Optimism: On July 31, 31.3 million tokens worth approximately $55 million will be unlocked, representing 2.8% of its circulating supply. These tokens will be distributed to core contributors and investors.
dYdX: Scheduled for August 1, 8.33 million tokens worth nearly $11 million will be unlocked, increasing its circulating supply by 3.65%.
Sui: On August 1, 64 million tokens valued at $50 million will be released, representing 2.56% of its circulating supply.
ZetaChain: Also on August 1, nearly 54 million tokens worth $35 million will be unlocked, amounting to 18.92% of its circulating supply.
Wormhole: On August 3, Wormhole will unlock 600 million tokens, worth over $180 million, or 6.02% of its total supply.
These token unlocks are expected to increase market liquidity and could lead to price fluctuations. Investors should be aware of these events and monitor market conditions closely.
解説
- Token unlocks refer to the scheduled release of tokens that were previously locked under initial agreements. This can lead to increased market supply and potential price volatility.
- Optimism, dYdX, Sui, ZetaChain, and Wormhole are notable projects with upcoming unlocks that could significantly impact their market dynamics.
- Monitoring these unlock events is crucial for investors looking to make informed decisions based on potential changes in supply and demand.