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.
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.
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.