Optimism

Optimism and Sui Brace for Expanded Circulating Token Supplies:As mentioned earlier, the Optimism and Sui cryptographic networks are preparing for a substantial token unlock scheduled to occur this week.This will result in a significant expansion of the circulating supply of tokens for both networks.Optimism’s circulating supply will double as a result of the token unlock, whereas Sui will experience a relatively smaller increase with the tokens being allocated to retail investors.Optimism, a prominent Ethereum Layer 2 network, is set to witness one of its largest token unlocks, releasing 387 million tokens on May 31st, valued at $590 million.These tokens will be distributed among core contributors and investors, constituting 9% of the total token supply and resulting in a significant 114% increase in the circulating supply.The announcement of this token release comes a week ahead of Optimism’s Bedrock upgrade, which aims to enhance network performance and reduce transaction fees.Unfortunately, the native token of Optimism, OP, has experienced a 6% decline in the past 24 hours, dropping from $1.64 to $1.52. <a href="https://cryptosheadlines.com/optimism-and-sui-to-unlock-tokens-worth-650-million/" rel="noopener noreferrer nofollow">Read More...</a>Join Cryptos Headlines Community: <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">https://linktr.ee/cryptosheadlines.com</a>

Optimism and Sui to Unlock Tokens Worth $650 Million

CryptosHeadlines.com

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