Notable Upcoming Unlock Tokens This Week

Key Points:

• Unlock tokens worth over $121 million this week, including SPACE ID, Lido DAO, Avalanche, Yield Guild Games, and SingularityNET.
• LDO, AVAX, and AGIX faced drops in value, with YGG experiencing a sharp 33% decline post-unlocking.
• Token unlocking marks the end of vesting periods, potentially leading to sales and affecting token values.

Following BNB’s attention, the unlock tokens on the market this week also have notable that make us take a look. This amount of tokens corresponds to more than $121 million.

SPACE ID

SPACE ID (ID) will unlock 18.49 million tokens (6.46% of the total circulating supply) earlier this week, equivalent to $3.62 million at current prices. The price of ID has been quite negative lately; its price has dropped more than 81% since peaking at $1.

Lido DAO

Lido DAO (LDO) will unlock 8.5 million tokens (0.97% of the total circulating supply) earlier this week, equivalent to $13.94 million at current prices. LDO has dropped more than 10% in the past week, given the current market volatility.

Avalanche

Avalanche (AVAX) will unlock 9.54 million tokens (2.77% of the total circulating supply) earlier this week, equivalent to $99.81 million at current prices. AVAX is one of the altcoins that has seen a relatively strong drop, as it lost 14% of its value in the past week.

Yield Guild Games

Yield Guild Games (YGG) will unlock 12.22 million tokens (6.6% of the total circulating supply) earlier this week, equivalent to $2.75 million at current prices. The YGG token tumbled over 33% last week following its previous spike in volatility.

SingularityNET

SingularityNET (AGIX) will unlock 9.82 million tokens (0.8% of the total circulating supply) earlier this week, equivalent to $1.76 million at current prices. AGIX, as well as other tokens, have dropped more than 16% in the past week.

After a vesting or lock-up period, token unlocks release a part of a project’s tokens. These tokens are often kept by the project’s staff and investors and have limits on when they may be exchanged or transferred. Token unlocking often indicates that the tokens may be sold.

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