Token unlocks release tokens that were previously restricted under a crowdfunding agreement. The project schedules these releases strategically to minimize market pressure and prevent token price drops.
Here are three big token unlocks to watch next week.
Immutable (IMX)
- Unlock date: November 29
- Number of tokens unlocked: 24.52 million IMX
- Current circulating supply: 1.67 billion IMX
Immutable, layer-2 solution for scaling NFT of Ethereumraised US$12.5 million in just one hour during the IMX token sale on CoinList in September 2021. In March 2022, the project raised US$60 million in an investment round, followed by an additional US$200 million from investors such as ParaFi Capital, Declaration Partners, and Tencent Holdings.
On November 29, Immutable will release 24.52 million new IMX tokens into circulation. These tokens will support project development and growth within the broader Immutable ecosystem.
IMX Unlock | Source: Tokenomist
Optimism (OP)
- Unlock date: November 30
- Number of tokens unlocked: 31.34 million OP
- Current circulating supply: 1.25 billion OP
Optimisma layer-2 scaling solution, increases transaction speed and reduces fees on Ethereum mainnet. OP tokens are critical to governance, allowing holders to vote on proposals and influence network development and management.
On November 30, Optimism will release 31.34 million OP tokens into circulation. Tokenomist (formerly TokenUnlocks) reports that core contributors and investors will receive these tokens.
OP Unlock | Sumber: Tokenomist
1Inch (1INCH)
- Unlock date: November 30
- Number of tokens unlocked: 98.74 million 1INCH
- Current circulating supply: 1.27 billion 1INCH
1inch is a decentralized exchange aggregator that aggregates liquidity from various DEXs to offer users the best trading rates. This makes trading easier by identifying the most efficient transaction routes, minimizing slippage, and lowering costs.
On November 30, 1inch will unlock nearly 100 million 1INCH tokens. These tokens are allocated to developers, early investors, and venture capital funds.
1INCH Unlock | Sumber: Tokenomist
Sui (SUI)
- Unlock date: December 1
- Number of tokens unlocked: 64.19 million SUI
- Current circulating supply: 2.84 billion SUI
Sui is a high-performance layer-1 blockchain designed to improve network operations and security using a Proof-of-Stake consensus mechanism. Developed by Mysten Labs, the project was founded in 2021 by former Novi Research employees who were instrumental in creating the Diem blockchain and the Move programming language.
SUI tokens support governance, allowing holders to vote on important proposals and influence the direction of the platform. On December 1, the next token unlock will release the majority of tokens allocated to Series A and B participants, community reserves, and Mysten Labs cash.
SUI Unlock | Source: Tokenomist
ZetaChain (ZETA)
- Opening date: December 1
- Number of tokens unlocked: 53.89 million ZETA
- Current circulating supply: 517.85 million ZETA
ZetaChain is a decentralized blockchain platform designed to enable seamless interoperability between different blockchain networks. The platform’s flagship feature enables cross-chain communication, enabling the exchange of tokens and data across blockchains such as Ethereum and Binance Smart Chain.
On December 1, ZetaChain will release nearly 54 million ZETA tokens. These tokens will support various initiatives, including user growth pools, ecosystem growth funds, rewards for core contributors, advisory roles, and liquidity incentives.
Opening ZETA | Source: Tokenomist
Next week’s token cliff opening will also include Cardano (ADA), Ethena (ENA), and dYdX (DYDX), among others, with a combined total value exceeding US$540 million.
Denial
All information contained on our site is published in good faith and is intended to provide general information only. Any actions taken by readers based on information from our site are their own responsibility.
In addition, some articles on this site are AI translations from the original English version of BeInCrypto.
Token unlocks: The stuff of dreams and maybe a little panic for crypto investors!
Well, it seems we’re in for quite the spectacle next week with some major token unlocks. And let’s not kid ourselves; these unlocks are like the countdown to a casino’s grand opening. Will it be a roaring success or a breathtaking bust? Grab your popcorn because this is about to get more interesting than a reality TV show reunion special!
Immutable (IMX)
- Unlock date: November 29
- Number of tokens unlocked: 24.52 million IMX
- Current circulating supply: 1.67 billion IMX
Immutable is the layer-2 hero we didn’t know we needed—like Batman but without the brooding or the cape! They raised a jaw-dropping US$12.5 million in just one hour during their token sale on CoinList. That’s like starting a lemonade stand and selling out before you’ve even set up your table! And let’s not forget their other rounds of investment that made them more popular than a bar at happy hour!
Come November 29, they’re unleashing 24.52 million IMX tokens, which should hopefully boost their ecosystem like a double shot of espresso on a Monday morning! Here’s hoping that token launch doesn’t turn into a crypto limbo contest—how low can it go, right?
Optimism (OP)
- Unlock date: November 30
- Number of tokens unlocked: 31.34 million OP
- Current circulating supply: 1.25 billion OP
Next up, let’s chat about Optimism—a layer-2 scaling solution doing its best impression of a turbo-charged car speeding through Ethereum traffic. With 31.34 million OP tokens scheduled for release on November 30, things could get interesting! These tokens are the golden ticket for governance, allowing holders to shape the future of the platform. It’s like being given the keys to the candy store but also asked to manage the cash register!
Rumor has it that core contributors and investors will be cashing in, but let’s just hope they don’t take all the candy and leave the rest of us high and dry.
1Inch (1INCH)
- Unlock date: November 30
- Number of tokens unlocked: 98.74 million 1INCH
- Current circulating supply: 1.27 billion 1INCH
Hold onto your wallets, folks—1Inch is in the house! This decentralized exchange aggregator is unlocking a whopping 98.74 million 1INCH tokens on the same day. With that many tokens, they’re either building an empire or preparing to drown us all in a liquidity pool! The way they aggregate liquidity, it’s like they’re the event planners of the crypto world. Who needs a dance floor when you can have a decentralized exchange? Just make sure you don’t try to call an Uber when the liquidity runs dry!
Sui (SUI)
- Unlock date: December 1
- Number of tokens unlocked: 64.19 million SUI
- Current circulating supply: 2.84 billion SUI
Sui, the high-flying layer-1 blockchain promising a network security glow-up, will be releasing 64.19 million SUI tokens on December 1. Expect all the bells and whistles—governance, developments, and enough excitement to make your heart race faster than a solo club dance!
Developed by Mysten Labs, they’ve got a powerhouse of talent behind them. Let’s see if they can unlock some serious potential or if, when all’s said and done, they’re just that quirky friend who shows up to parties without an invitation!
ZetaChain (ZETA)
- Opening date: December 1
- Number of tokens unlocked: 53.89 million ZETA
- Current circulating supply: 517.85 million ZETA
Finally, we have ZetaChain, the maestro of blockchain interoperability. Unlocking 53.89 million ZETA tokens on December 1 is like throwing a tech-savvy party where everyone can swap stories (or tokens) without needing a translator. Their mission? To allow seamless communication across networks, and boy, do we love a good chat! Just remember, kids: it’s never too late to mingle, but it can be too late to cash out!
In addition to all this token mayhem, we’re also seeing Cardano (ADA) and dYdX (DYDX) joining in with combined values soaring past US$540 million. Talk about a crypto cliffhanger!
So buckle up, folks! Whether you’re in it for the soaring highs or just nervously clutching your wallets with sweaty palms, next week’s unlocks should keep us all on the edge of our seats. Will it be an upward surge or a downward plummet? Place your bets, and remember, with great unlocks comes great responsibility!
And remember, folks, always do your own research. The crypto world is a wild ride, and while I might urge you to grab your popcorn, I’m not responsible for any emotional popcorn spilling as these markets fluctuate!
Token unlock events represent the release of tokens that were previously held back due to a crowdfunding agreement. The timing of these unlocks is carefully strategized to alleviate potential market pressure and to safeguard against significant drops in token prices.
Here are three significant token unlocks to be mindful of in the upcoming week.
Immutable (IMX)
- Unlock date: November 29
- Number of tokens unlocked: 24.52 million IMX
- Current circulating supply: 1.67 billion IMX
Immutable is a layer-2 solution designed specifically for enhancing the scalability of the NFTs on the Ethereum network. The project achieved an impressive milestone by raising US$12.5 million within a single hour during its token sale on CoinList in September 2021. Following this success, Immutable secured US$60 million in a funding round in March 2022, and later an astounding US$200 million from prominent investors including ParaFi Capital, Declaration Partners, and the multinational conglomerate Tencent Holdings.
On November 29, the project plans to issue 24.52 million new IMX tokens, which are aimed at bolstering development initiatives and expanding the overall Immutable ecosystem.
IMX Unlock | Source: Tokenomist
Optimism (OP)
- Unlock date: November 30
- Number of tokens unlocked: 31.34 million OP
- Current circulating supply: 1.25 billion OP
Optimism is a sophisticated layer-2 scalability solution focused on improving transaction throughput and reducing costs on the Ethereum mainnet. The OP tokens are fundamental to governance processes, granting holders the power to vote on crucial proposals and shape the future of network development and management.
On November 30, Optimism will release a substantial batch of 31.34 million OP tokens into the market, with a distribution that will primarily benefit core contributors and investors involved in the project.
OP Unlock | Source: Tokenomist
1Inch (1INCH)
- Unlock date: November 30
- Number of tokens unlocked: 98.74 million 1INCH
- Current circulating supply: 1.27 billion 1INCH
1inch is a decentralized exchange aggregator that seamlessly pools liquidity from a multitude of decentralized exchanges (DEXs) to provide users with the best possible trading rates. This capability enables users to trade more efficiently by determining optimal transaction paths, effectively reducing slippage and minimizing costs.
On November 30, 1inch is set to liberate nearly 100 million 1INCH tokens, which are earmarked for distribution among developers, early-stage investors, and various venture capital firms invested in the protocol.
1INCH Unlock | Source: Tokenomist
Sui (SUI)
- Unlock date: December 1
- Number of tokens unlocked: 64.19 million SUI
- Current circulating supply: 2.84 billion SUI
Sui is an innovative layer-1 blockchain engineered to enhance operational efficiency and security via a Proof-of-Stake consensus mechanism. Developed by Mysten Labs, Sui emerged from the expertise of former employees of Novi Research, who played pivotal roles in the creation of the Diem blockchain and the Move programming language.
On December 1, a critical token unlock event will facilitate the release of a majority of tokens allocated to Series A and B stakeholders, community reserves, and essential funding for Mysten Labs.
SUI Unlock | Source: Tokenomist
ZetaChain (ZETA)
- Opening date: December 1
- Number of tokens unlocked: 53.89 million ZETA
- Current circulating supply: 517.85 million ZETA
ZetaChain is a cutting-edge decentralized blockchain platform dedicated to fostering seamless interoperability among diverse blockchain ecosystems. The platform’s standout feature facilitates cross-chain communication, thereby enabling the transfer of tokens and data across major blockchains such as Ethereum and Binance Smart Chain.
On December 1, ZetaChain will initiate the release of approximately 54 million ZETA tokens. This influx of tokens will support a variety of initiatives that include user growth incentives, ecosystem development funds, rewards for key contributors, as well as liquidity enhancements.
Opening ZETA | Source: Tokenomist
Next week’s token release events will also encompass Cardano (ADA), Ethena (ENA), and dYdX (DYDX), collectively amounting to a staggering total value exceeding US$540 million.
Denial
All information contained on our site is published in good faith and is intended to provide general information only. Any actions taken by readers based on information from our site are their own responsibility.
In addition, some articles on this site are AI translations from the original English version of BeInCrypto.
What impact will the December 1 token unlock have on ZetaChain’s market dynamics and user engagement?
Get=”_blank” rel=”noreferrer noopener nofollow”>Tokenomist
ZetaChain (ZETA)
- Unlock date: December 1
- Number of tokens unlocked: 53.89 million ZETA
- Current circulating supply: 517.85 million ZETA
ZetaChain is all about interoperability, connecting different blockchain networks and allowing seamless token swaps and communication. Their upcoming unlock of 53.89 million ZETA tokens on December 1 is a step towards enhancing their platform’s usability and broadening its reach. As the crypto landscape evolves, ZetaChain is positioned to facilitate conversations that drive innovation.
The excitement doesn’t stop there! Cardano (ADA) and dYdX (DYDX) are also participating in the crypto token extravaganza, with total values exceeding US$540 million at stake. Buckle up for a thrilling ride!
as we approach these token unlocks, it’s a pivotal moment for the involved projects and their communities. Whether you’re looking to capitalize on potential price movements or simply observing from the sidelines, these unlocks promise to create some captivating market dynamics. Just keep in mind that the crypto market can be unpredictable, and due diligence is key!
Stay informed and engaged, and may the odds be in your favor this upcoming week in the crypto space!