Unlocking Tokens Worth Approximately 187 Million Expected in the Next Seven Days for Altlayer Optimism Sui and Other Projects

Unlocking Tokens Worth Approximately 187 Million Expected in the Next Seven Days for Altlayer Optimism Sui and Other Projects

Unlocking Tokens Worth Approximately 187 Million Expected in the Next Seven Days for Altlayer Optimism Sui and Other Projects

According to Token Unlocks data, approximately $187 million worth of cryptocurrencies will be unlocked in the next seven days, involving several cryptocurrency projects including Altlayer, Optimism, Ethena, and Sui.

Projects set to unlock in the next two days include Polkadot parachain Acala ($ACA), Rollup as a service protocol Altlayer ($ALT), yield aggregation protocol Pendle Finance ($PENDLE), and trading aggregation protocol 1inch ($1INCH).

Altlayer will unlock approximately 105 million ALT tokens on Tuesday (25th) Taiwan time, valued at nearly $19.88 million at the current price, accounting for 6.92% of the circulating supply. Altlayer still has 8.48 billion ALT tokens in a locked state, accounting for nearly 85% of the total supply.

Ethereum Layer 2 network Optimism will unlock around 31.34 million DYDX tokens on Sunday, valued at nearly $56.1 million, accounting for 2.88% of the circulating supply. Optimism still has 2.23 billion OP tokens in a TBD (to be determined) locked state, accounting for 51.97% of the total supply.

Decentralized stablecoin protocol Ethena will unlock approximately 14.89 million ENA tokens on Sunday, valued at nearly $8.96 million, accounting for 0.87% of the circulating supply. Ethena tokens in locked, TBD locked, and unlocked states account for 56.39%, 35.26%, and 8.35% of the total supply, respectively.

Layer 1 blockchain Sui will unlock around 64.19 million SUI tokens on Monday next week, valued at approximately $57.15 million, accounting for 2.65% of the circulating supply. Sui tokens in locked, TBD locked, and unlocked states account for 23.58%, 52.17%, and 24.25% of the total supply.