Crypto tokens worth more than $150 million are set to be unlocked this week, $138 of them from projects such as Sui (SUI), Optimism (OP) and Hedera (H
Optimism, Sui and Hedera will collectively unlock tokens worth over $138 million this week, with DYDX and 1INCH also on the line.
OP, HBAR and DYDX have noted similar token unlock events in the past, with nearly complete recovery of asset prices post two weeks. , $138 of them from projects such as Sui , Optimism and Hedera , according to data from Token Unlocks. Prices of both OP and HBAR slid ahead of this week’s cliff token unlocks, which could increase the selling pressure as they will release more than 3% of the assets’ circulating supply.
Token unlocks are scheduled and staggered releases of assets that were frozen previously to protect early investors from sell-offs. Cliff unlocks involve the unfreezing of tokens immediately after a fixed period of time.tokens total to $138 million in cliff unlocks this week. Other notable unlocks will come from DYDX, 1INCH. Meanwhile, Aptos , and ApeCoin are lined up for September.
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