As per data from Cryptorank, the upcoming week will see several significant token unlocks.
Here are the top seven tokens set to be unlocked, ranked by the largest amounts:
– SPACE ID ($ID) – $28.85 million
– Worldcoin ($WLD) – $7.67 million
– Yield Guild Games ($YGG) – $4.93 million
– Maverick Protocol ($MAV) – $3.39 million
– NFPrompt ($NFP)– $2.26 million
– ECOx ($ECOx)– $1.95 million
– Radworks ($RAD) – $1.77 million.
🔓 Top 7 Token Unlocks of the Upcoming Week
The following tokens with the largest unlock amount will be unlocked next week:
SPACE ID $ID – $28.85M
Worldcoin $WLD – $7.67M
Yield Guild Games $YGG – $4.93M
Maverick Protocol $MAV – $3.39M
NFPrompt $NFP – $2.26M
ECOx $ECOx – $1.95M… pic.twitter.com/4CHzIpPdOO— CryptoRank.io (@CryptoRank_io) September 23, 2024
Space ID Token Unlock Information
One of the most notable unlocks is SPACE ID. Just an hour and a half ago, 61.53 million $ID tokens, valued at $23.77 million, were unlocked and distributed to 60 addresses belonging to team members and investors.
SPACE ID @SpaceIDProtocol 在一个半小时前链上解锁：向 60 个团队/投资人地址解锁分发了 6153 万枚 $ID ($23.77M)。
◎SPACE ID 的团队与投资人解锁频率为每个季度一次；
◎收到解锁代币最多的是 Binance Labs，他们在 6 月份和今天一共收到了 4000 万枚 ID，每次 2000 万枚。目前并没有出售。… pic.twitter.com/kjK8Ofg6yL— 余烬 (@EmberCN) September 23, 2024
The unlock schedule for SPACE ID occurs once every quarter, and Binance Labs has emerged as a major recipient of these tokens. Since June, Binance Labs has received 40 million $ID in total, split across two unlocks of 20 million each. Despite receiving this large portion of the unlocks, Binance Labs has yet to sell any of the tokens.
As these major token unlocks approach, they are likely to influence market sentiment and trading volumes. Investors and traders will be watching closely to see how these tokens perform in the coming days, especially given the significant size of the unlocks for SPACE ID and Worldcoin.
The regularity of these unlocks, particularly for projects like SPACE ID, provides a predictable flow of new tokens into the market, which could impact prices depending on whether holders choose to sell or retain their allocations.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.