According to Token Unlocks data, approximately $187 million worth of cryptocurrencies will be unlocked in the next seven days, involving several cryptocurrency projects including Altlayer, Optimism, Ethena, and Sui.
Projects set to unlock in the next two days include Polkadot parachain Acala ($ACA), Rollup instant service protocol Altlayer ($ALT), LSD yield aggregation protocol Pendle Finance ($PENDLE), and trading aggregation protocol 1inch ($1INCH).
Altlayer will unlock around 105 million ALT tokens on Tuesday (25th) Taipei time, valued at nearly $19.88 million at current prices, accounting for 6.92% of the circulating supply. Altlayer still has 848 million ALT tokens locked, representing almost 85% of the total supply.
Ethereum Layer 2 network Optimism will unlock around 31.34 million DYDX tokens on Sunday, valued at nearly $56.1 million, accounting for 2.88% of the circulating supply. Optimism still has 2.23 billion OP tokens in a TBD (To Be Determined) locked state (tokens with unlock time not yet determined), representing 51.97% of the total supply.
Decentralized stablecoin protocol Ethena will unlock around 14.89 million ENA tokens on Sunday, valued at nearly $8.96 million, accounting for 0.87% of the circulating supply. Ethena tokens in locked, TBD locked, and unlocked states represent 56.39%, 35.26%, and 8.35% of the total supply, respectively.
Layer 1 blockchain Sui will unlock around 64.19 million SUI tokens on Monday next week, valued at approximately $57.15 million, accounting for 2.65% of the circulating supply. Sui tokens in locked, TBD locked, and unlocked states represent 23.58%, 52.17%, and 24.25% of the total supply.