As an integral part of Tokenomics, Token Unlocks (also known as release schedule) refers to the process of releasing locked tokens to the market within a set period of time. Token unlocking, especially one-time unlocking, may bring selling pressure in the market, leading to significant fluctuations in token prices. Investors should be aware of the risks associated with token unlocking events.
Generally, token unlocking can be divided into linear unlocking (Linear Unlocks) and one-time unlocking (Cliff Unlocks).
Last week: ID, RON, YGG, AVAX tokens ushered in a large proportion of one-time unlocking
Last week (May 22-May 27, 2023), several tokens experienced a significant one-time unlock:
ID (SPACE ID)
On May 22 at 08:00:00, approximately 15,152,778 SPACE ID token IDs (equivalent to approximately $7.34 million) were unlocked, accounting for 0.758% of the total supply.
1INCH (1inch)
On May 24, 21,429 1inch tokens (approximately $8,556) were unlocked, accounting for 0.001% of the total supply.
EUL (Euler)
On May 24 at 22:29:59, 138,219 Euler tokens (approximately $260,000) were unlocked, accounting for 0.508% of the total supply.
ACA (Acala)
On May 25 at 08:00:00, 4,657,534 Acala tokens (approximately $260,000) were unlocked, accounting for 0.466% of the total supply.
RON (Ronin)
On May 27 at 08:00:00, approximately 14,571,969.03 RON tokens (equivalent to approximately $14.28 million) were unlocked, accounting for 1.457% of the total supply.
YGG (Yield Guild Games)
On May 27 at 21:59:00, 16,872,453 YGG tokens (approximately $3.14 million) were unlocked, accounting for 1.687% of the total supply.
AVAX (Avalanche)
On May 28, 9,541,800 AVAX tokens (approximately $137 million) were unlocked, accounting for 1.325% of the total supply.
DOT (Polkadot)
On May 26, 331,507 Polkadot tokens (approximately $1.77 million) were unlocked daily. Additionally, 364,705.9 tokens (approximately $1.95 million) from the "Staking Rewards" category were unlocked daily, starting from 08:00:00.
OP (Optimism)
OP tokens are being unlocked at a rate of 2,411,115 tokens (approximately $4 million) per day. This includes "ecosystem funds," "retroactive public goods funds," and "user airdrops." Currently, 32.23% of OP tokens have been unlocked.
UNI (Uniswap)
UNI tokens are being unlocked at a rate of 454,795 tokens (approximately $2.36 million) per day. This includes "community treasury" and "team/investor/advisor." Currently, 13.76% of UNI tokens are still locked.
This week: 8 tokens will be unlocked, releasing a total value of over $498 million
According to Token Unlocks data, 8 mainstream crypto project tokens will be unlocked this week, with a total release value exceeding $498 million.
1inch (1INCH)
On June 2 at 08:00, a total of 249,807,669.19 1inch tokens will be unlocked, worth approximately $101 million. This unlocking event accounts for 16.654% of the total supply.
Sui (SUI)
On June 3 at 08:00, 61,083,333.36 Sui tokens will be unlocked, worth about $64.93 million. This unlocking event accounts for 0.611% of the total supply.
Nym (NYM)
On June 2 at 08:00, 25,000,000 Nym tokens will be unlocked, worth approximately $4.93 million. This represents 2.5% of the total supply.
Galxe (GAL)
On May 30 at 20:00, 586,666.67 Galxe tokens will be unlocked, with an approximate value of $840,000. This unlocking event accounts for 0.293% of the total supply.
Optimism (OP)
On May 31 at 08:00, a total of 154,618,822.65 OP tokens will be unlocked, worth about $255 million. This unlocking event accounts for 3.6% of the total supply.
Hedera (HBAR)
On June 1 at 08:00, 1,273,353,491 Hedera tokens will be unlocked, worth approximately $68.38 million. This unlocking event accounts for 2.547% of the total supply.
Acala (ACA)
On June 1 at 15:00, 27,433,334 Acala tokens will be unlocked, worth about $1.29 million. This unlocking event accounts for 2.743% of the total supply.
MetaTdex platform currency TT (Tdex Token) does not have any token unlocking events as its token output is produced in the form of mining rewards without lock-up. Therefore, it will not experience the market impact brought by token unlocking.
Please note that investors should stay informed and exercise caution when considering the potential market effects of token-unlocking events.
Introduction to MetaTdex
Global Top 10 decentralized exchanges (DEX) / The most trustworthy cross-border asset allocation platform The order book matching model is adopted, which combines the high efficiency, transaction depth and transparency, and security of CEX. The daily transaction volume exceeds 45 million US dollars, and the over 300,000 users cover more than 50 countries and regions. MetaTdex's core business is wallets and decentralized exchanges. It has successively launched 7-day no-reason refund, trade mining, pledge mining, and smart pool, and has now launched a series of tokenized stock products, such as stock token NFT, tokenized stock trading, tokenized stock pledge mining, etc.
Learn more
- Download MetaTdex: https://www.metatdex.com/#/download?channel=1
- Twitter: https://twitter.com/MetaTdex
- Medium: https://medium.com/@MetaTdex
- Telegram: https://t.me/MetaTdex_group
- Armos.io Code Audit Report: http://odex.vip/?sign=7ffb5ccb878f04be0ef161bc76616a8e