Tokens worth over $790 million will enter the crypto market this week. Notably, three major ecosystems, Optimism (OP), Fast Token (FTN), and LayerZero (ZRO), will release previously locked supply.
These unlocks might lead to market volatility and influence price movements in the short term. Here is a breakdown of what to watch for in each project.
1. Optimism (OP)
Sponsored
- Unlock Date: September 21
- Number of Tokens to be Unlocked: 116 million OP (2.7% of Total Supply)
- Current Circulating Supply: 1.77 billion OP
- Total supply: 4.29 billion OP
Optimism is a Layer-2 scaling solution for Ethereum (ETH). It utilizes optimistic rollups to enhance transaction speed and reduce costs while preserving Ethereum’s security.
On September 21, the team will release a massive supply of 116 million altcoins into the market. The tokens are worth $92.3 million. It represents 6.89% of the released supply.
Furthermore, Optimism will direct all the tokens towards an unallocated ecosystem fund.
Sponsored
2. FastToken (FTN)
- Unlock Date: September 18
- Number of Tokens to be Unlocked: 20 million FTN (2% of Total Supply)
- Current Circulating
Go to Source to See Full Article
Author: Kamina Bashir
