Major token unlocks this week (August 26 - September 2)

Major token unlocks this week (August 26 - September 2)

By LeftFooted | bitcoinea | 26 Aug 2024


One of the things to keep an eye on in crypto is the token unlock calendar.


On a regular basis, usually more times per week, a portion of the total supply of several tokens is unlocked, which means they become tradable.


Now there's a lot of ifs and buts.

But, broadly speaking, these token unlocks generally impact the circulating supply and therefore, potentially, the value.


There are three major token unlocks these week: YGG, OP and SUI.


Yield Guild Games (YGG), with a token unlock of 14.08m tokens, around 3.7 percent of the circulating supply, worth roughly $6.26 million.


Then we've got Optimism (OP), with a token unlock of 31.4 million OP, worth around $47.95 million, or 2.64 percent of the total supply.


Lastly, Sui (SUI), 68.79 million SUI unlocked this week, equivalent to $65.81 million at the time of writing, or 2.65 percent of the circulating supply.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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