• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Friday, May 9, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Top 4 Token Unlocks This Week: Anticipate Market Buzz

Jordan Avery by Jordan Avery
January 29, 2024
in News
Reading Time: 4 mins read
0
TOP-4-TOKEN-UNLOCKS-THIS-WEEK 1
Share on TwitterShare on Facebook

The holiday season is over, and the crypto projects are set to conduct massive token unlocks. Due to token unlocks, many tokens that were locked earlier will enter the circulating supply. This article highlights four up-and-coming cryptocurrencies that investors may wish to watch based on their innovative use cases. A large amount of Altcoin unlocks await the cryptocurrency community in the new week, and here is the list to focus on.

 

Token Unlocks This Week:

1. Optimism (OP)

optimism-ethereum-op-logo

Unlock date: January 30

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.

2.Sui (SUI)

sui-sui-logo

Unlock date: January 31

Number of tokens unlocked: 4,000,000 SUI

Current circulating supply: 1,100,947,214 SUI

Sui is a high-performance layer-one (L1) blockchain. The operation and security of the network is ensured by the Proof-of-Stake consensus algorithm. 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 main investors include Binance Labs, Franklin Templeton and a16z Crypto.

The next SUI unlock will happen on January 31st. “Unfrozen” tokens will go to the community reserve.

3. dYdX (DYDX)

Unlock date: February 1

Number of tokens unlocked: 33,330,000 DYDX

Current circulating offer: 313 656 557 DYDX

In early 2023, the largest decentralized derivatives trading protocol, dYdX, announced changes to the project’s original tokenomics. According to the update, 30% of DYDX’s total supply will go to early investors, another 30% will be distributed between the team and community reserve, 28% will be used to reward traders and liquidity providers, and the remainder will go to future employees. Currently, more than 50% of the total DYDX supply is in circulation. The remaining tokens will be unlocked in small increments over the next two years.

4. Acala (ACA)

acala-network

Unlock date: February 1

Number of tokens unlocked: 27,430,000 ACA

Current circulating offer: 885 741 665 ACA

Launched in 2019, Acala Network is the first DeFi consortium of its kind, formed by two teams of active participants in the Polkadot ecosystem – Laminar and Polkawallet. The platform enables smart contracts and is compatible with external blockchains (for example, Ethereum). ACA tokens unlocked on February 1 and it will be divided between strategic partners and the project team.

 

Token Unlocks

Token unlocks refer to the release of previously locked or restricted tokens. Many blockchain projects implement token locks to manage and control the supply of their native tokens. Some vital reasons for token lock-ups include ensuring team members’ long-term commitment and incentivizing certain behaviors among investors and other participants within the ecosystem.

Tags: AcalaAltcoinsCrypto MarketdYdXOptimismSuithis weekToken unlockstop tokens
Previous Post

Cardano (ADA) Dip: Short-Term Pullback, or Trouble ahead?

Next Post

NEAR Protocol: The Ultimate Ecosystem for NFTs

Related Posts

Market Analysis

Memecoin PEPE Set for Comeback in Bull Market

May 8, 2025
Solana On-Chain Metrics Signal Bearish Turn
News

Solana On-Chain Metrics Signal Bearish Turn

May 7, 2025
News

State Bitcoin Bills Collapse, NC Moves Ahead

May 6, 2025
Featured

Fartcoin Faces Risk as Momentum Slows Down

May 5, 2025
Solana Accumulation Phase: $100 Could Be It
News

Solana Accumulation Phase: $100 Could Be It

May 4, 2025
ripple
Featured

Ripple Lawyer Explains Legal Win

May 3, 2025

Press Releases

DOGE, SHIB, PEPE Rally Then Dip as BTC Surges
Market Analysis

DOGE, SHIB, PEPE Rally Then Dip, BTC Surges

by Jordan Avery
May 9, 2025

Introduction It finally happened. Bitcoin flew past the $100,000 mark like a crypto-powered rocket ship, lighting a fire under the...

Read more

State Bitcoin Bills Collapse, NC Moves Ahead

May 6, 2025

Bitcoin After $97K: 3 Possible Paths

May 2, 2025
WLFI Raises $1B Backed by Trump What's Next

WLFI Raises $1B Backed by Trump What’s Next?

April 29, 2025

Bitcoin for $108K as Bulls Regain Control

April 28, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier