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Over $186M worth of Tokens to be Unlocked this week

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Nine blockchain projects with a total token sale value of over $186 million are scheduled to release some of their tokens this week. Some crypto assets that have been locked or restricted from circulation in the market will soon be released, thanks to projects like ICP, OP, WILD, GLMR, APT, BICO, BIT, SNX, and UNI.

Internet Computer (ICP), a blockchain platform designed to revolutionize internet infrastructure, has one of the most anticipated releases.  A fresh supply of 3.31 million $ICP tokens will be available to ICP holders, with a market value of more than USD 13 million.

The decentralized data exchange protocol Ocean Protocol (OP) is also participating in the token release. The 1.27 million $OP tokens to be released are worth approximately USD 1.49 million.

The NFT-powered, fully immersive 3D universe, Wilder World (WILD) will also participate in the token unlock. Over USD 1.6 million worth of $WILD will be unlocked this week.

Glimmer (GLMR), the Moonbeam Network’s utility token, will participate in this week’s token unlock by releasing 14.09 million $GLMR tokens with a total value of more than $3.34 million.

Aptos (APT), Biconomy (BICO), Bit DAO(BIT), Synthetix (SNX), and Uniswap (UNI) are also among the projects that will unlock tokens for their communities.

Over 187 million $BIT tokens worth over USD 80 million will be unlocked this week, and only 4.54 million $APT tokens were unlocked, totaling about USD 31.43 million. 

Additionally, 8.33M $UNI will be unlocked worth USD 43 million, whereas $BICO and $SNX will have 22.3M and 3.6M tokens with estimated values of USD 5.1 million and USD 6.36 million, respectively.

Read also: Spotlight on the growing crypto market in the Middle East and North Africa

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