Token Unlocks to Watch Next Week: OP, SUI and More
Token unlocks issuance tokens that were previously restricted by the fundraising agreement. Projects strategically time these events to manage market pressure and stabilize prices.
Here are the five major tokens that will be unlocked next week.
Optimism (OP)
- Unlock date: December 31
- Number of unlocked tokens: 31.34 million OP
- Current circulation: 1.35 billion OP
Optimism, a Tier 2 Scale solutions, increase transaction speed and reduce costs Ethereum Mainnet. OP tokens play a key role in governance, allowing holders to vote on proposals and shape the development of the network.
On December 31, Optimism will unlock 31.34 million OP tokens. According to Tokenomist (formerly TokenUnlocks), the tokens will be distributed to core contributors and investors.
Sui (Sui)
- Unlock date: January 1
- Number of unlocked tokens: 64.19 million Sui
- Current circulation: 2.92 billion Sui
Sui is a high-performance Layer-1 blockchain designed to optimize network operations and Safety through a Proof of Stake Consensus mechanism. The project was launched in 2021 by Mysten Labs, founded by former Novi Research employees who contributed to the development of the Diem blockchain and the Move programming language.
this SUI token Implement governance, allowing holders to vote on proposals and shape the future of the platform. On January 1, the major token unlock will release tokens allocated to Series A and Series B participants, the Community Reserve, and the Mysten Labs vault.
Zeta Chain (ZETA)
- Unlock date: January 1
- Number of unlocked tokens: 53.89 million ZETA
- Current circulation: 576.11 million ZETA
ZetaChain is a decentralized blockchain platform that facilitates seamless interoperability between different blockchain networks. Its key functionality allows for cross-chain communication, enabling the transfer of tokens and data between blockchains such as Ethereum and Binance Smart Chain.
On January 1, ZetaChain will unlock nearly 54 million ZETA tokens. The tokens will fund initiatives such as user growth pools, ecosystem growth funds, core contributor rewards, advisory roles, and liquidity incentives.
dYdX (DYDX)
- Unlock date: January 1
- Number of unlocked tokens: 8.33 million DYDX
- Current circulation: 712.3 million DYDX
In early 2023, the largest decentralized perpetual coin dYdX futures Transaction Agreement, announces changes to its initial agreement Tokenomics. According to the latest news, 27.7% of the total dYdX supply will be allocated to early investors, 26.1% to the finance department, 15.3% to the team, and 7.0% to future dYdX employees and advisors.
most Didix Tokens unlocked on January 1 will be distributed to founders and investors, with the remaining tokens reserved for current and future employees.
Athena(ENA)
- Unlock date: January 1
- Number of unlocked tokens: 12.86 million ENA
- Current circulation: 2.93 billion ENA
athenaa synthetic currency protocol on Ethereum that provides Bank independent solution and provides users around the world with a U.S. dollar-denominated savings instrument called an “Internet Bond.”
The protocol’s native token, ENA, allows holders to participate in governance decisions. On January 1, Ethena will unlock more than 12 million ENA tokens, worth $12.16 million, for ecosystem development.
next week Cliff Token Unlocked It will also include Celo (CELO), Eigen Layer (EIGEN), Manta (MANTA) and Moca Network (MOCA), with a total value of more than $440 million.
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