Major Token Unlocks

Next week, several major token unlocks are scheduled, totaling over $108 million. These events can cause significant price changes in the token markets. Token unlocks release previously restricted tokens under fundraising terms, and projects usually plan these releases to manage market pressure and prevent sudden price drops. Factors like low liquidity or early investor profit-taking can greatly impact token dynamics. Here are five key token unlocks to watch next week.

AltLayer (ALT)

• Unlock date: June 25

• Number of tokens unlocked: 105.21 million ALT

• Current circulating supply: 1.5 billion ALT

AltLayer is a decentralized protocol that boosts blockchain scalability through Restaked Rollups. It integrates multiple stacks, such as OP Stack and Arbitrum Orbit, to enhance security, decentralization, and interoperability using a restaking mechanism. On June 25, AltLayer will unlock over 100 million ALT tokens for treasury, community, and ecosystem development.

Yield Guild Games (YGG)

• Unlock date: June 27

• Number of tokens unlocked: 16.69 million YGG

• Current circulating supply: 372 million YGG

Yield Guild Games (YGG) is a gaming community that allows gamers worldwide to earn cryptocurrency rewards by playing blockchain games. YGG invests in NFT assets like in-game items and virtual land, which guild members can borrow. On June 27, YGG will unlock a significant number of tokens for the community, developers, investors, and treasury, supporting the guild’s growth and ecosystem.

SingularityNET (AGIX)

• Unlock date: June 28

• Number of tokens unlocked: 8.57 million AGIX

• Current circulating supply: 1.28 billion AGIX

SingularityNET is a decentralized platform for developing and hosting AI applications. Its native token, AGIX, is used for transactions, governance, and rewarding node operators. It also supports cross-chain functionality on Cardano and Ethereum networks. On June 28, SingularityNET will distribute unlocked tokens to participants in the AGIX-ADA rewards program, encouraging community engagement and development.

Optimism (OP)

• Unlock date: June 30

• Number of tokens unlocked: 31.34 million OP

• Current circulating supply: 1.08 billion OP

Optimism is a Layer-2 scaling solution that improves transaction speed and lowers costs on the Ethereum mainnet. The OP token is crucial for governance, allowing holders to vote on network proposals. On June 30, Optimism will release over 30 million OP tokens to investors and core contributors. This significant unlock has raised concerns about potential liquidity issues and price drops, with some warning that prices could fall by 30-70% if investors sell a portion of their tokens.

Ethena (ENA)

• Unlock date: June 30

• Number of tokens unlocked: 14.89 million ENA

• Current circulating supply: 1.7 billion ENA

Ethena is a synthetic currency protocol on Ethereum, offering a native cryptocurrency solution independent of traditional banking. It also provides a dollar-denominated savings instrument called the 'Internet Bond.' The ENA token allows holders to vote on governance proposals. On June 30, Ethena will unlock almost 15 million ENA tokens for ecosystem development.

Other notable token unlocks next week include Echelon Prime (PRIME), Acala (ACA), and Tornado Cash (TORN), with a combined value surpassing $108 million. While many view token unlocks as bearish, a well-planned schedule can strengthen a project's long-term viability. Aligning unlocks with milestones and development progress can motivate team members, boost community engagement, and promote ecosystem growth.