Token

Optimism

Coin

<ul class="news-points">
 <li>Over $376M crypto from projects like Optimism and dYdX will unlock next week.</li>
 <li>The dYdX exchange team will offload 11.9% of the DYDX token’s floating supply.</li>
 <li>YGG, NYM, and AGIX have the earliest unlocks with over $20M to be unloaded.</li>
</ul>
The cryptocurrency market is bracing for a potential influx of tokens worth over $376 million from at least five prominent projects, including Optimism and dYdX exchange, in the coming weeks. Tracking platform Token Unlocks <a href="https://x.com/Token_Unlocks/status/1793839357650239792" target="_blank" rel="noopener noreferrer nofollow">highlighted this</a> impending market event in a recent post on X.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/0ZNFKijQ9sbrbGDRvfBIV-jVfc80r-2oqU_qzO0N-9rCj7lxNOwSxIdwOe77VdmglQK76CpWYMt1ntd4JIVD1EjHMw67SFamxYWjaI-aOwbK6oCVqpl93x5vTSXwSfnKNZ9QEC5jRU-XGweStUcD1S8" alt="">
</figure>
Planned unlocks for next | Token Unlock
Optimism is set to release the largest quantity of tokens next week, with plans to unlock an additional 2.88% of the OP token supply. On May 31, the Optimism team will distribute 31.34 million OP tokens, valued at $82.12 million, to founders, the project team, and select private investors.
SUI follows suit, with a scheduled release of 65.08 million SUI tokens worth $70.35 million. This release represents 2.78% of SUI’s circulating supply and will be allocated to private investors, teams, founders, and community members.
While OP and SUI are releasing less than 3% of their circulating supply, the…
The post <a href="https://coinedition.com/optimism-dydx-lead-major-crypto-token-unlocks-markets-on-watch/" rel="noopener noreferrer nofollow">Optimism, dYdX Lead Major Crypto Token Unlocks, Markets on Watch</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Optimism, dYdX Lead Major Crypto Token Unlocks, Markets on Watch

Coin Edition

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