As usual, the VR Soldier team carefully prepared a list of some of the biggest crypto token unlocks expected to happen in the next week. The analysts also noted that cryptocurrency traderscould “make more cautious and, in the end, better trading decisions” by monitoring vested tokens and future unlock events. The list includes Manta, Yield Guild Games, Sui, and Optimism.
4 Important Token Unlocks to Keep an Eye on Next Week:
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Manta (MANTA)
Unlock date: March 1st
Number of tokens unlocked: 1,870,000 MANTA
Current circulating supply: 251,000,000 MANTA
Manta Network is a modular blockchain for zero-knowledge (ZK) applications. It includes two networks:
Manta Pacific is a modular L2 ecosystem for EVM-native ZK applications and dApps that want to provide the lowest cost and best experience for users.
Manta Atlantic is the fastest L1 blockchain on Polkadot that provides programmable ZK privacy IDs and on-chain credentials via zkSBTs
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Yield Guild Games (YGG)
Unlock date: February 27
Number of tokens unlocked: 16,690,000 YGG
Current circulating offer: 299,787,154 YGG
Yield Guild Games is a gaming community focused on blockchain games with a play-to-earn model. It brings together users from all over the world who invest in NFT assets. The native coin of the YGG platform is used to pay for services within the network. It can also be staked to earn rewards, used to unlock exclusive content on the Discord server, or used for voting. The tokens, which will be unfrozen in a few days, will be distributed among the community, developers, investors and treasury.
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Optimism (OP) Token
Unlock date: February 29
Number of tokens unlocked: 24,160,000 OP
Current circulating offer: 957 378 568 OP
Optimism is a second-layer solution designed to increase the speed and scalability of the. Ethereum network. According to DefiLlama, it is one of the leaders among. L2 networks in terms of the number of running protocols and the volume of blocked funds (TVL). The OP token.. is used for voting, managing projects within the Optimism Collective community, and developing the ecosystem. The coins released during the next unlock will be distributed among investors and key participants in the project.
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Sui (SUI)
Unlock date: February 29
Number of tokens unlocked: 4,000,000 SUI
Current circulating supply: 1,165,931,966 SUI
Sui is a high-performance layer-one (L1) blockchain. The—Proof-of-Stake consensus algorithm ensures the operation and security of the network. The project was developed by. Mysten Labs. – it was founded in 2021 by a group of former Novi Research employees who were responsible for creating the Diem blockchain and the Move programming language.
Since December 2021, Mysten Labs has raised $336 million across two funding rounds. The project’s leading investors include Binance Labs, Franklin Templeton, and a16z Crypto.
The next SUI unlock will happen on February 29th. “Unfrozen” tokens will go to the community reserve.
