The crypto industry is going to see notable token unlock events in the near term. As per the data provided by Phoenix Group, the prominent upcoming token unlock events include Litentry ($LIT), GoGoPool ($GGP), and Optimism ($OP) among others. The on-chain analytics provider disclosed the details of these unlocks on social media.
Litentry Allocates 11.30% of Entire Token Supply for Latest Token Unlock
Phoenix Group’s list of the approaching crypto token unlocks includes Litentry in the 1st position as is the earliest. The project has allocated 11.30% (11.25M $LIT) of the cumulative token supply, denoting $6.55M, to the upcoming token unlock on January 29th. The 2nd project on the list is GoGoPool ($GGP) which is conducting a token unlock of $6.67M. Hence, the token unlock, representing 3.72% (719.63K $GGP) of the token supply will occur on the 29th of January.
Sui’s Upcoming Token Unlock Accounts for Staggering $240.73M
Subsequently, on January 31st, Optimism ($OP) will organize a token unlock event. The value of the token unlock equals $45.76M, accounting for 2.32% (31.34M $OP) of the total token supply. Apart from that, Hooked Protocol has allocated 8.33M $HOOK tokens (nearly $2.24M) for token unlock to occur on the February’s 1st. This figure signifies 1.67% of the project’s entire token supply. After that, on the same day, Sui’s upcoming token unlock will include 64.19M $SUI ($240.73M), representing 2.13% of the total token supply.
The next token unlock on the respective list will be organized by ZetaChain on the 1st of February. This will take into account 44.26M $ZETA tokens ($19.11M), equaling 6.98% of the project’s whole token supply. Along with that, dYdX will also set up a token unlock event on the same date. In this respect, 8.33 $DYDX tokens will be a part of this event, accounting for $8.55M in total. These tokens show almost 1.15% of the overall token supply of dYdX.
Tars AI to Unlock $5.49M on February 2nd
The list moves on to add Maverick in the 8th rank for its approaching token unlock that will take place on the 1st of February. This event will reportedly include 15.52M $MAV ($1.95M), equaling the total token supply’s 0.78%. The last project is Tars AI with 26.77M $TAI ($5.49M) to be unlocked on the February 2nd, denoting 2.99% of its token supply.
