According to Token Unlocks, over $83.38 million in liquidity has come to the altcoin market in multiple projects this week. Behind this volume are SUI, OP, YGG, AGIX, ACA, GAL and 1INCH tokens. The total volume is spread at different rates to each of the listed tokens. It also represents the varying portions of their circulating supply. Here is the latest data on altcoins and unlocks…
Millions of dollars of altcoins hit the market in SUI, OP, AGIX, YGG
Sui is a layer-1 Blockchain smart contract protocol that provides fast, private, secure and accessible digital asset ownership. The project unlocked $44.4 million worth of SUI this week, marking 11.6 percent of its circulating supply. The total supply of SUI is 10,000,000,000 tokens and was trading at $0.7456 at the time of this writing. Optimism, on the other hand, draws attention. Optimism is a layer-2 blockchain that sits on top of Ethereum. The project unlocked $31.9 million worth of OP tokens, representing 3.8 percent of its circulating supply. Currently, OP was trading at $1.32. Also, its total supply was 4,294,967,296 OPs.
https://twitter.com/Token_Unlocks/status/1673239710553239553
Third, the Yield Guild Games (YGG) unlock drew attention. YGG is a decentralized autonomous organization (DAO) focused on metaverse NFT. This week, it unlocked $2.8 million worth of YGG tokens, 3.9 percent of its circulating supply. YGG traded at $0.16 at the time of writing. It also had a total supply of 1,000,000,000 tokens. SingularityNET is an AI-driven Blockchain project that enables decentralized accessibility. This week it unlocked $2.4 million in liquidity, representing 0.8 percent of its circulating supply. The price of AGIX was $0.2384 at the time of writing and its total supply was 1,303,100,454.48 AGIX.
There was also unlock alarm for ACA, GAL and 1inch
Acala, as we have reported as Kriptokoin.com, is a DeFi network on Polkadot. This week it unlocked $1.2 million in liquidity, representing 4.3 percent of the circulating ACA supply. At this time, the price of ACA was $0.04672 and the total supply was 1,000,000,000 tokens. Galxe is a Web3 data network. The project unlocked $0.7 million worth of GAL tokens this week, representing 1.3 percent of its circulating supply. At the time of this writing, the GAL was trading at $1.32 with a total supply of 200,000,000 GALs. 1inch Network combines decentralized protocols operating in the DeFi field. This week it unlocked $20,600 in liquidity, which accounts for 0.01 percent of its circulating supply. 1INCH was trading at $0.3279 at the time of writing, with a total supply of 1,500,000,000 tokens.
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