Major Token Unlocks This Week: $500M-Worth of Tokens Released

Major Token Unlocks This Week: $500M-Worth of Tokens Released

Major token unlocks are scheduled to occur this week, potentially affecting the supply and price of the following cryptocurrencies: OP (Optimism) - July 31, 09:00 UTC - Approximately 31.34 million tokens unlocked - Value: $54.85 million - Percentage of total supply: 2.79% DYDX (dYdX) - August 1, 09:00 UTC - Approximately 8.33 million tokens unlocked - Value: $10.83 million - Percentage of total supply: 3.65% SUI (Sui) - August 1, 09:00 UTC - Approximately 64.19 million tokens unlocked - Value: $50.48 million - Percentage of total supply: 2.56% ZETA (ZetaChain) - August 1, 09:00 UTC - Approximately 53.89 million tokens unlocked - Value: $34.58 million - Percentage of total supply: 18.92% GAL (Galxe) - August 2, 09:00 UTC - Approximately 4.17 million tokens unlocked - Value: $13.10 million - Percentage of total supply: 3.52% W (Wrapped Bitcoin) - August 3, 20:30 UTC - Approximately 600 million tokens unlocked - Value: $180.48 million - Percentage of total supply: 33.33% ENA (Ethernity) - August 4, 16:00 UTC - Approximately 14.89 million tokens unlocked - Value: $7.01 million - Percentage of total supply: 0.87% These token unlocks could potentially impact the market by increasing the circulating supply of these tokens, which could lead to price fluctuations. However, the actual impact will depend on various factors, including market conditions and investor sentiment.