OP Faces $39.62 Million Token Unlock In The Upcoming Week

  • Token Unlocks revealed that tokens worth more than $4M will be unlocked in the coming week.
  • OP is set to face the largest unlocking for the week worth an estimated $39.62 million.
  • Other tokens like AGIX, YGG, EUL, and ACA will also experience token-unlocking events in the next seven days.

The tokenomics insights platform, Token Unlocks, shared on Twitter this morning that tokens worth more than $44.95 million will be unlocked in the coming week. The cryptocurrency that will be facing the largest unlocking in the days to come is Optimism (OP). According to the platform, OP worth about $39.62 million will be unlocked.

Similarly, SingularityNET (AGIX) and Yield Guild Games (YGG) will both unlock tokens worth more than $2 million in the week to come. Meanwhile, Euler’s (EUL) upcoming token unlock will be worth around $0.75 million while Acala Token (ACA) will see tokens worth $0.32 million unlocked within the next few days.

With regards to OP’s 24-hour performance, CoinMarketCap indicated that the altcoin saw its price decrease by 0.37% over this time period. As a result, OP was trading hands at $1.57. This meant that it was trading a bit closer to its daily low of $1.54.

Furthermore, OP saw its intraday trading volume increase by more than 46% throughout the past day. Consequently, OP’s volume stood at around $141,641,114 at press time. Traders can be reassured that, despite its latest hiccup, OP’s weekly performance was still up by more than 4%.

AGIX was also one of the many cryptocurrencies that saw its price drop heading into the new week. At press time, AGIX was worth $0.2323 after its price slipped by 0.68% over the past day of trading. On the other hand, the past 24 hours were a lot different for YGG as its price surged by more than 11%, which left its price standing at $0.1668.

EUL was another token that experienced a gain recently as its price was able to climb by 6.71% over the past day. On the other hand, ACA’s price fell by 1.47% over the same time period. This left the cryptocurrencies trading at $2.70 and $0.06727 respectively.

Disclaimer: The views and opinions, as well as all the information shared in this price Analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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