In the coming days, multiple cryptocurrency projects will release tokens with a total value slightly above $940,000. When tokens locked during fundraising or other stages are released according to the predetermined schedule, token unlocks occur within cryptocurrency projects. These events may impact the token market, especially in cases where there is low liquidity or early investors decide to take profits.
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Tokens to Watch in the Coming Week
Optimism (OP)
Unlock Date: XNUMXth of the XNUMXth month
Amount of Unlocked Tokens: 31,340 OP
Total value of all tokens compared to the price on XNUMXth of the XNUMXth month: $52,964
Optimism is Ethereum’s second-layer scaling solution that improves transaction speed and reduces costs. The OP token plays a central role in governance, allowing holders to vote on network proposals. On the XNUMXth of the XNUMXth month, Optimism will release over 300,000 OP tokens to investors and core contributors. This significant unlock has raised concerns about potential liquidity issues and price drops, with some analysts predicting a 70-80% price drop if investors decide to sell their tokens.
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Athena (ENA)
Unlock Date: XNUMXth of the XNUMXth month
Amount of Unlocked Tokens: 148,900 ENA
Total value of all tokens compared to the price on XNUMXth of the XNUMXth month: $80,700
Athena is a protocol that provides a local cryptocurrency solution independent of traditional banking operations. It offers a savings tool denominated in US dollars called “web bonds.” ENA tokens allow holders to vote on governance proposals. On the XNUMXth of the XNUMXth month, Athena will unlock nearly XNUMX,000 tokens for ecosystem development.
SingularityNET (AGIX)
Unlock Date: XNUMXth of the XNUMXth month
Amount of Unlocked Tokens: 85,700 AGIX
Total value of all tokens compared to the price on XNUMXth of the XNUMXth month: $51,260
SingularityNET is a decentralized platform for developing and hosting artificial intelligence applications. Its token AGIX is used for transactions, management, and rewarding node operators and supports cross-chain functionality with Cardano and Ethereum. On the XNUMXth of the XNUMXth month, SingularityNET will unlock tokens for participants in the AGIX-ADA reward program to encourage community participation and development.
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Yield Guild Games (YGG)
Unlock Date: XNUMXth of the XNUMXth month
Amount of Unlocked Tokens: 166,900 YGG
Total value of all tokens compared to the price on XNUMXth of the XNUMXth month: $93,560
Yield Guild Games is a global gaming community where players can earn rewards in the form of cryptocurrency by participating in blockchain games. YGG invests in NFT assets, such as in-game items and virtual land that users can occupy. On the XNUMXth of the XNUMXth month, a significant amount of YGG tokens will be unlocked for the community, developers, investors, and financial departments to support growth and ecosystem.
AltLayer (ALT)
Unlock Date: XNUMXth of the XNUMXth month
Amount of Unlocked Tokens: 1,052,100
Total value of all tokens compared to the price on XNUMXth of the XNUMXth month: $188,820
AltLayer is a decentralized protocol designed to improve network scalability through the use of “Restaked Rollups.” It integrates various stacks like OP Stack and Arbitrum Orbit to enhance security, decentralization, and interoperability through a heavy staking mechanism. On the XNUMXth of the XNUMXth month, over 100 million ALT tokens will be unlocked, with goals including financial, community, and ecosystem development.
