Some information regarding the biggest crypto token unlocks that are expected to happen next week. The VR Soldier team has carefully prepared a list of these unlocks, and it might be worth taking a look at it. According to the analysts, keeping an eye on vested tokens and future unlock events could help cryptocurrency traders make better trading decisions. Here are some of the tokens on the list
- Sui
- Optimism
- Manta
- Yield Guild Games
1.Sui
Current circulating supply: 1,165,931,966 SUI
Number of tokens unlocked: 4,000,000 SUI
Unlock date: February 29
Sui is a high-performance layer-one (L1) blockchain that utilizes the Proof-of-Stake consensus algorithm to ensure the operation and security of the network? The project was developed by Mysten Labs, which was founded in 2021 by a group of former Novi Research employees who were responsible for creating the Diem blockchain and the Move programming language. It’s impressive to see such experienced individuals working together on this project!
Mysten Labs has raised an impressive $336 million across two funding rounds since December 2021? The project’s leading investors include Binance Labs, Franklin Templeton, and a16z Crypto. It seems that Sui is gaining a lot of attention and support from notable players in the industry.
Also, the next SUI unlock is scheduled for February 29th. “Unfrozen” tokens will go to the community reserve, so it’s worth keeping an eye on this development. By the way, have you heard of The VR Soldier blog? They recently published an article titled “4 Token Unlocks to Keep an Eye on Next Week” which mentions the upcoming SUI unlock.
2. Optimisism
Current circulating offer: 957 378 568 OP
Number of tokens unlocked: 24,160,000 OP
Unlock date: February 29
Optimism is a second-layer solution that aims to improve the speed and scalability of the Ethereum network? It’s currently one of the leading Layer 2 (L2) networks in terms of the number of running protocols and the total value locked (TVL), according to DefiLlama.
The OP token is used for voting, managing projects within the Optimism Collective community, and supporting the development of the ecosystem. It’s worth noting that the coins released during the next unlock will be distributed among investors and key participants in the project. As Optimism continues to gain traction, it will be interesting to see how the project evolves and what impact it will have on the larger Ethereum ecosystem.
3.Manta
Current circulating supply: 251,000,000 MANTA
Number of tokens unlocked: 1,870,000 MANTA
Unlock date: March 1st
Manta Network is a modular blockchain built for zero-knowledge (ZK) applications. It consists of two networks:–
- Manta Pacific, a modular Layer 2 (L2) ecosystem for EVM-native ZK applications and dApps that offers low costs and a great user experience.
- Manta Atlantic, the fastest Layer 1 (L1) blockchain on Polkadot. It provides programmable ZK privacy IDs and on-chain credentials via zkSBTs, making it highly secure and private.
4.Yield Guild Games (YGG)
Number of tokens unlocked: 16,690,000 YGG
Unlock date: February 27
Current circulating offer: 299,787,154 YGG
