Weekly Token Unlocking Report｜After a year, nearly 250 million US dollars OP will usher in a one-time unlock again this week

This week, OP, HBAR, ACA, 1INCH, NYM, and SUI will unlock approximately US$480 million at one time, of which 1INCH will unlock US$100 million, accounting for 16.7% of the total supply.

Written by: Peng SUN, Foresight News

Data & Image Source: Token Unlocks

*As an integral part of Tokenomics, Token Unlocks (also known as release schedule) refers to the process of releasing locked tokens to the market within a set period of time, the purpose of which is to ensure that the team, investment The incentive mechanism between developers and community users is consistent. Token unlocking (especially one-time unlocking) may bring selling pressure in the market, which in turn will lead to significant fluctuations in token prices. Therefore, investors should pay attention to risks before and after the token unlocking node. *

*Generally speaking, token unlocking can be divided into linear unlocking (Linear Unlocks) and one-time unlocking (Cliff Unlocks). One-time unlocking means that tokens are locked until a specific event or date occurs, and all locked tokens will be released at once. Under normal circumstances, the tokens airdropped by the project party are part of the "one-time unlock". Linear unlocking means that tokens are released daily at a stable and fixed rate over a period of time. Liquidity incentives are usually included in linear unlocking. *

According to the data compiled by Token Unlocks, this week (May 29 to June 4, 2023), GAL (Galxe), OP (Optimism), HBAR (Hedera), ACA (Acala), 1INCH (1inch), NYM (Nym), SUI (Sui) tokens will usher in a one-time unlock node:

GAL（Galxe）

Galxe token GAL will be unlocked at 20:00:00 on May 30, 586,666.67 pieces (about 800,000 USD), accounting for 0.293% of the total supply;

OP（Optimism）

Optimism token OP will unlock 154,618,822.65 pieces (about 249 million US dollars) at 08:00:00 on May 31, accounting for 3.6% of the total supply;

HBAR (Ivy)

1,273,353,491 Hedera tokens (about 66.96 million U.S. dollars) will be unlocked at 08:00:00 on June 1, accounting for 2.547% of the total supply;

ACA

The Acala token ACA will unlock 27,433,334 pieces (about 1.24 million USD) at 15:00:00 on June 1, accounting for 2.743% of the total supply;

1INCH（1inch）

1inch token 1INCH will unlock 249,807,669.19 pieces (about 100 million US dollars) at 08:00:00 on June 2, accounting for 16.654% of the total supply;

NYM（Nym）

Nym token NYM will unlock 25,000,000 pieces (about 4.78 million USD) at 08:00:00 on June 2, accounting for 2.5% of the total supply;

SUI

Sui token SUI will unlock 61,083,333.36 pieces (about 61.69 million USD) at 08:00:00 on June 3, accounting for 0.611% of the total supply.

In addition, the current popular tokens that are continuously unlocked linearly include OP, ATOM, FIL, UNI, DOT, AVAX, DOGE, BLUR, CRV, LDO, GMT, LUNA, EDU, NEAR, ILV, GRT, OSMO, IMX, ENS, AXL, MASK, GALA, RDNT, BAL, GMX, JOE, CTSI, MINA, STG, MC, C98, MANA, COMP, SWISE, RPL, RBN, EUL, FXS, AAVE, LOOKS, GLMR, SWEAT, X2Y2, FORT, SUSHI, YFI, GEL and LQTY etc.

UNI（Uniswap）

Uniswap token UNI unlocks 454,795 pieces (approximately US$2.36 million) per day, including "community treasury" and "team/investor/advisor". Currently, 13.44% of UNI tokens are still unlocked.

GMT（STEPN）

STEPN tokens GMT will start a new round of linear unlocking at 08:00:00 on June 1st, with approximately 3,520,000 tokens (approximately US$940,000) unlocked per day. Currently, GMT unlocks about 3,387,097 coins (about $900,000) per day. 78.88% of GMT tokens are still not unlocked.

ATOM（Cosmos Hub）

The "Block Rewards" portion of the Cosmos Hub token ATOM unlocks 148,369 pieces (approximately $1.58 million) per day.