Research by The Tie show coins tend to drop in the days leading up to the unlock.
Liquid staking protocol Lido , the Avalanche Blockchain native token , and the token behind the Yield Guild Games DAO are all scheduled to implement token unlocks this week, increasing the supply of the tokens available in the market.
All 8.5 million tokens will be distributed to investors, who are already holding more than 300 million tokens coins, according toLido’s LDO token has declined 8.5% during the last week, and has been relatively stable in the last 24 hours,AVAX, the native crypto of the Avalanche blockchain, has an unlock scheduled for Saturday, Aug. 26, where it will release 9.54 million AVAX tokens worth $102.86 million, amounting to 2.77% of the total circulating supply.
Market data shows that YGG’s token is down nearly 59% in the last year, despite a rally in the last month which temporarily brought it up 49%. During the last week it lost an additional 30% of its value, and isYGG is scheduled to release 12.2 million YGG on Sunday, totalling 6.6% of the cryptocurrency's circulating supply. Currently, about 30% of the token’s supply has been unlocked.The answer is complicated.
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