Major Token Unlocks for WLD, YGG, and SUI Set to Impact Market
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According to PHOENIX, a crypto analytics firm, several significant token unlocks are set to occur in the coming days. These unlocks could influence the market dynamics for the respective cryptocurrencies. Starting on August 26, Worldcoin ($WLD) will see the release of 5.02 million tokens. This unlock could bring significant movement in the market since traders and investors may respond to the rise in the number of tokens.
Large Token Unlocks for WLD, YGG, HOPR, and EDU in Late August
On August 27, YieldGuild (YGG) will undergo a massive unlock of 11,490,000 tokens. It may affect the token’s circulation and can be a point of focus for players tracking YGG’s activities. On the same day, there will be a substantial unlock of tokens in HOPR (HOPR) which amounts to 63.64 million tokens. This unlock is one of the largest over the next days and can cause shifts in token utility and circulation with more supply being available on the market.
Specifically, on August 28, OpenCampus (EDU) is to have an unlock of 9.74 million tokens. These tokens could be released out to the general public and the market would have a positive feel and attitude towards EDU especially within the education technology and blockchain niche. Litentry (LIT) will unlock 1,590,228 tokens on August 29.
Upcoming Token Unlocks Could Impact Market Dynamics
On August 29, Portal (PORTAL) will unlock 26.61 million tokens. It could potentially be a positive event because it will bump up the token’s market activity as long as investors do not shy away from it due to more tokens being in circulation.
On 31 August, Optimism (OP) will circulate 32.21 million tokens. It is a huge unlock, and it could create a lot of interest in the market mainly because of Optimism’s position in Ethereum scaling. On September 1, dYdX (DYDX) will unlock 8.33 million tokens.
Finally, the last unlocks for Sui (SUI) will be on September 3 and will be the most significant with 83.88 million tokens to be unlocked. Such a large-format launch, reported by PHOENIX, can greatly influence the overall SUI market and its further dynamics, which is why it will certainly attract great attention from investors and traders.
