Next week will see a token release worth over $5 million, which includes assets such as SUI, OP, ZETA, KAS, DYDX, ENA, and others.
According to Tokenomist, SUI is the first in the unlock cycle, scheduled to unlock $263.20 million worth of tokens, representing 2.19% of the circulating supply. This event is expected to occur in about a day. Likewise, Optimism (OP) tokens worth $58.61 million or 2.32% of the total supply will be unlocked within a few hours. Then comes Zeta Chain (ZETA) with $31.22 million or 9.35% of its supply released during the same period.
Other key projects include dYdX, which will release tokens worth $12.75 million, or 1.17% of its supply, and Ethena (ENA), whose tokens are worth $12.73 million, 0.44% of his offer.
The Kaspa (KAS) token, on the other hand, will unlock $21.39 million worth of tokens within the next six days, representing 0.72% of its circulating supply. These releases displace circulating supply and can drive up prices, trading volumes and liquidity in the market. By leveraging the GHOSTDAG consensus protocol, KAS enables the creation of blocks in parallel, resulting in the formation of a directed acyclic block graph or…
