Several emerging cryptocurrency projects are set to deploy more than 376 million new tokens in the coming weeks, including Optimism and decentralized trading platform dYdX. In the latest post on X, Tracking platform Token Unlocks recognized this future market movement.
Optimism intends to mint the most tokens the following week, unlocking an extra 2. 88% of the OP token supply, or 88 million tokens, allocated for staking rewards. On 31 May, the Optimism team will distribute 31. 34 million OP tokens to the founders, the project team, and a few selected private investors for $82. 12 million.
SUI is expected to do the same some time in the future by launching 65. 08 million SUI coins, which are estimated to be worth $70. 35 million. Accrued to private investors, teams, founders, and community members, this release comprises 2. It reached an inversely correlated low of 78% of SUI’s circulating supply.
dYdX Exchange Set to Sell Significant Portion
On the other hand, the dYdX exchange prepares for the sale of a relatively large 11. DYDX is a governance token of the DyDX exchange, and the offer of this coin floating in the market is currently at 9%. Valued at $66. 33 million, the assets will be split on June 1 between the founders, the staff, the consultants, advisers, and some for what one can only assume as ‘’next employees. ”
Other projects assumed to release the tokens on June 1 include 1INCH, ZETA, Ethena(ENA), and Acala(ACA). To augment the staff of the Ethena team, 53. 6 million tokens of a new asset called ENA will be launched for sale at $47. 97 million, which are among the community members.
The community will also get the release of ZETA tokens, valued at $8. 10 million next week. Due for unlock on Monday, YGG, NYM, and AGIX tokens have more than $19 900 000 tokens waiting to be dumped in the market.
This coming flood of token Unlock will likely affect the cipher money market, especially with token investors and traders gearing up for increased circulation and correspondent price changes.
