Key Insights on Major Token Unlock Events in the Upcoming Week

5 Token Unlocks to Watch Next Week

Major token unlock events are scheduled next week for the Pyth, Avalanche, and Space ID networks, releasing previously blocked tokens under fundraising terms. These events can lead to price volatility based on market conditions and investor reactions.

Optimism (OP)

• Unlock date: May 31
• Number of tokens unlocked: 31.34 million OP
• Current circulating supply: 1.08 billion OP

Optimism is a Layer-2 scaling solution that aims to improve the speed and reduce the cost of transactions on the Ethereum mainnet. The OP token allows holders to govern the Optimism ecosystem by voting on proposals and decisions that shape the network's development and management.

1inch (1INCH)

• Unlock date: June 1
• Number of tokens unlocked: 98.7 million 1INCH
• Current circulating supply: 1.15 billion 1INCH

1inch is a decentralized exchange aggregator that sources liquidity from various DEXs to provide users with the best possible trading rates. It aims to optimize and simplify trading by finding the most efficient transaction routes, minimizing slippage, and reducing trading fees.

dYdX (DYDX)

• Unlock date: June 1
• Number of tokens unlocked: 33.33 million DYDX
• Current circulating supply: 279.8 million DYDX

dYdX is the largest decentralized perpetual futures trading protocol. In early 2023, dYdX announced changes to its tokenomics, with a significant portion of DYDX being unlocked on June 1 to be distributed among investors and the project team.