This week, there will be a total of hundreds of millions of dollars worth of locked token releases on 8 altcoin projects.
According to Token Unlocks, between 25-1 April, there will be locked token releases in 8 altcoin projects including Optimism (OP) and Pendle (PENDLE) totaling over $334 million.
Generally, the release of more than 1% of the circulating supply of tokens has a significantly negative impact on the price. Therefore, the upcoming locked token releases of Yield Guild Games (YGG), Echelon Prime (PRIME), Manta Network (MANTA), dYdX (DYDX), ZetaChain (ZETA), and OP are important.
Watch Out for YGG and PRIME!
Especially, the $40 million worth of 1.66 million locked token release in PRIME with a circulating supply ratio of 4.65% stands out among the things to watch. The $16 million worth of locked token release in YGG with a circulating supply ratio of 5.39% should also be considered.
The cryptocurrencies with upcoming locked token releases are as follows:
Pendle (PENDLE): The lock of 295 thousand assets worth $1 million will be released throughout next week. The locking releases will start at 03:00 GMT on March 27th. 0.30% of the circulating supply will be released.
Yield Guild Games (YGG): Held $16.6 million of assets worth $16.6 million will be unlocked at 05:00 GMT on March 27th. 5.39% of the circulating supply will be released.
SingularityNET (AGIX): Held $9.8 million of assets worth $8.8 million will be unlocked at 03:00 GMT on March 28th. 0.69% of the circulating supply will be released.
Euler (EUL): The lock of 117 thousand assets worth $684,000 will be released throughout next week. The locking releases will start at 03:30 GMT on March 28th. 0.63% of the circulating supply will be released.
Optimism (OP): The lock of $26.4 million of assets worth $100 million will be released throughout next week. The locking releases will start at 07:00 GMT on March 29th. 2.63% of the circulating supply will be released.
Echelon Prime (PRIME): Held $40 million of assets worth $1.6 million will be unlocked at 03:00 GMT on March 31st. 4.65% of the circulating supply will be released.
Sui (SUI): The lock of 9.67 million assets worth $16.4 million will be released throughout next week. The locking releases will start at 03:00 GMT on March 31st. 0.79% of the circulating supply will be released.
1inch (1INCH): The lock of 15 thousand assets worth $9,000 will be released at 11:00 GMT on March 31st. 0.01% of the circulating supply will be released.
Manta Network (MANTA): The lock of 3 million assets worth $9 million will be released throughout next week. The locking releases will start at 02:59 GMT on April 1st. 1.23% of the circulating supply will be released.
dYdX (DYDX): The lock of 33 million assets worth $114 million will be unlocked at 03:00 GMT on April 1st. 11.35% of the circulating supply will be released.
Stepn (GMT): The lock of 22.5 million assets worth $7 million will be released throughout next week. The locking releases will start at 03:00 GMT on April 1st. 1.22% of the circulating supply will be released.
yearn.finance (YFI): The lock of 1.19 assets worth $10,000 will be released throughout next week. The locking releases will start at 03:00 GMT on April 1st. 0.01% of the circulating supply will be released.
Akash Network (AKT): The lock of 532 thousand assets worth $3 million will be released throughout next week. The locking releases will start at 03:00 GMT on April 1st. 0.23% of the circulating supply will be released.
ZetaChain (ZETA): The lock of 3 million assets worth $13 million will be released throughout next week. The locking releases will start at 03:00 GMT on April 1st. 2.66% of the circulating supply will be released.
Tornado Cash (TORN): The lock of 91 thousand assets worth $273,000 will be released at 06:30 GMT on April 1st. 2.41% of the circulating supply will be released.
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