3 Token Unlocks for the Last Week of February: PORTAL, ALT, NFP
Token unlocking is an event that restricts tokens to the market before the blockchain project is released. These events have been carefully planned to manage market impact and volatility.
Often, unlocking these tokens can lead to excellent price changes. Here are three main token unlocks scheduled for the upcoming week:
1. Portal (portal)
- Unlock date: February 28
- Number of tokens to be unlocked: 25.61 million portals (2.56% of maximum supply)
- Current circulating supply: 167.1 million portals
- Total supply: 1 billion portals
The portal is a local utility token Cross-chain Web3 game platform That unites gamers and developers across multiple blockchain networks. The upcoming unlock will release the token from several rounds of allocations.
For example, the team and consultant allocation will add about 920,000 tokens, while the fiscal partial allocation will add about 3.31 million tokens.
With three rounds still in progress, this unlocking could inject fresh liquidity into the market, potentially affecting price dynamics and inspiring further ecosystem development.
2. altlayer(alt)
- Unlock date: February 25
- Number of tokens to be unlocked: 24.08 billion ALT (2.41% of total supply)
- Current circulating supply: 2.55 billion
- Total supply: 10 billion pieces
Altlayer is a decentralized protocol designed to help blockchain developers start and Optimize Layer 2 Summary Through its “summary of rest” mechanism. ALT tokens play a crucial role in signing, governance and agreement fees.
The unlocking is distributed in several allocations: Foundation/Treasury, Agreement Development, Ecosystems and Community, Teams, Seed Circles, Strategic Circles and Strategic Partners. A large number of token releases may enhance liquidity and further support Altlayer’s scale and Safety initiative.
Previously in 2024 Alt’s price drops sharply Before its $100 million token is unlocked. However, the upcoming unlock is significantly smaller, but market volatility should be expected.
3. nfprompt (NFP)
- Unlock date: February 27
- Number of tokens to be unlocked: 1.451 million NFP (1.45% of the maximum supply)
- Current circulating supply: 395.3 million NFP
- Total supply: 1 billion NFP
NFPROMPT is a content creation platform for Web3’s AI-capable content, enabling users to generate and generate and Monetizing Digital Art and NFTS Use advanced AI tools. Local NFP tokens are used for points, payments, contest participation and governance.
In this unlock, the allocation will come from short-term growth funds, long-term fiscal funds, teams and investors. This version will add fresh tokens to the circular supply, which may affect the liquidity and market sentiment of the token.
Overall, these unlocks represent the value of nearly $17.71 million entering the market this week.
With fresh liquidity and increased participation Governance and accumulationInvestors and community members should pay attention to potential price volatility and strategic shifts in each project roadmap.
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