Alright so with week #09 (Feb 24th – March 2nd) in the title let me get it straight, I want to create this post on a weekly schedule so that everyone will know what token unlocks are scheduled for that week. So now let’s go as far as we can to see what tokens will be unlocked during week #09:
AltLayer (ALT)
- Symbol: ALT
- Current Price: $0.0486
- Market Cap: $123.99M
- Circulating Supply: 2.55B ALT
- Next Unlock Amount: 240.80M ALT
- Percentage of Market Cap: 9.44% ($11.70M)
- Next Unlock Date: February 25, 2025
AltLayer is a protocol that enhances scalability by leveraging optimistic rollups. The upcoming unlock accounts for 9.44% of its market cap, so it is an impactful event.
Yield Guild Games (YGG)
- Symbol: YGG
- Current Price: $0.263
- Market Cap: $107.87M
- Circulating Supply: 410.46M YGG
- Next Unlock Amount: 11.49M YGG
- Percentage of Market Cap: 2.80% ($3.02M)
- Next Unlock Date: February 27, 2025
Yield Guild Games is a DAO that buys and sells assets from virtual worlds and blockchain-based games. This release is 2.80% of the total YGG market cap, thus propbably changing the market structure.
NFPrompt (NFP)
- Symbol: NFP
- Current Price: $0.132
- Market Cap: $52.04M
- Circulating Supply: 395.37M NFP
- Next Unlock Amount: 14.51M NFP
- Percentage of Market Cap: 3.67% ($1.91M)
- Next Unlock Date: February 27, 2025
NFPrompt targets active participants within the NFT niche by offering a diverse range of solutions and tools for both creation and collection. This unlock accounts for 3.67% of the market cap which, considering its proportions, could create moderate price variations.
Echelon Prime (PRIME)
- Symbol: PRIME
- Current Price: $5.77
- Market Cap: $315.28M
- Circulating Supply: 54.61M PRIME
- Next Unlock Amount: 751.91K PRIME
- Percentage of Market Cap: 1.38% ($4.34M)
- Next Unlock Date: February 28, 2025
Echelon Prime is a blockchain project targeting multiple sectors through decentralized technology. The upcoming unlock amount is on the smaller end of the spectrum, only comprising 1.38% of the market cap and probably having a negligible effect on the broader market.
Optimism (OP)
- Symbol: OP
- Current Price: $1.15
- Market Cap: $1.86B
- Circulating Supply: 1.62B OP
- Next Unlock Amount: 32.21M OP
- Percentage of Market Cap: 1.99% ($37.02M)
- Next Unlock Date: February 28, 2025
Optimism is designed to provide faster and cheaper transactions for Ethereum users. The unlock represents 1.99% of the market cap, which while suggesting an impact on volatility is extensive is still limited.
🚪 Portal (PORTAL)
- Symbol: PORTAL
- Current Price: $0.145 (+4.55%)
- Market Cap: 💸 $59.27M
- Circulating Supply: 409.77M PORTAL
- Next Unlock Amount: 25.61M PORTAL
- Percentage of Market Cap: 6.25% ($3.70M)
- Next Unlock Date: February 28, 2025
Portal is a cross-chain platform aimed at consolidating liquidity as well as improving interchangeability between different blockchains. Since 6.25% of its market cap is already unlocked, there may be significant volatility along with fantastic buying opportunities. ⚡️
🌱 Grass (GRASS)
- Symbol: GRASS
- Current Price: $2.20 (+8.41%)
- Market Cap: 💸 $536.84M
- Circulating Supply: 243.91M GRASS
- Next Unlock Amount: 3.71M GRASS
- Percentage of Market Cap: 1.52% ($8.16M)
- Next Unlock Date: February 28, 2025
Grass primarily deals with DeFi and staking services. Although the unlocking is arguably relatively small, it will be important for most traders to watch the market closely as the moves can be rapid in nature. 📈
🌊 Sui (SUI)
- Symbol: SUI
- Current Price: $3.43 (+2.19%)
- Market Cap: 💸 $10.61B
- Circulating Supply: 3.09B SUI
- Next Unlock Amount: 80.14M SUI
- Percentage of Market Cap: 2.59% ($275.11M)
- Next Unlock Date: March 1, 2025
The Sui blockchain’s infrastructure is scalable and sustains Web3 apps. Its high market cap may be able to withstand the aforementioned unlock, but be cautious as 80 millions token’s worth of assets can affect liquidity. Look out for significant price collapses. 💸
⚖️ dYdX (ETHDYDX)
- Symbol: ETHDYDX
- Current Price: $0.800 (+0.84%)
- Market Cap: 💸 $359.57M
- Circulating Supply: 449.50M ETHDYDX
- Next Unlock Amount: 8.33M ETHDYDX
- Percentage of Market Cap: 1.85% ($6.66M)
- Next Unlock Date: March 1, 2025
dYdX is a perpetual trading focused decentralized exchange. The unlocking may be modest, but be prepared for some slight fluctuations in prices. It’s best to keep an eye out for how the market is reacting to this. 📊
🌉 Bifrost (BFC)
- Symbol: BFC
- Current Price: $0.0377 (+0.98%)
- Market Cap: 💸 $58.94M
- Circulating Supply: 1.57B BFC
- Next Unlock Amount: 25.38M BFC
- Percentage of Market Cap: 1.62% ($955.57K)
- Next Unlock Date: March 1, 2025
Bifrost is able to support Multi-chain features for DeFi projects. The unlock percentage being low could justify there being less volatility, however the narrow market cap may suffer from it, so look out for sharp spikes. ⚡️
🔥 Ethena (ENA)
- Symbol: ENA
- Current Price: $0.440 (-6.42%)
- Market Cap: 💸 $1.38B
- Circulating Supply: 3.13B ENA
- Next Unlock Amount: 94.19M ENA
- Percentage of Market Cap: 3.01% ($41.44M)
- Next Unlock Date: March 2, 2025
Ethena facilitates synthetic assets through a decentralized protocol. As the date gets nearer and more people prepare for the unlock, the volatility is bound to increase alongside trading opportunities. 💸
🤖 TARS AI (TAI)
- Symbol: TAI
- Current Price: $0.176 (+2.71%)
- Market Cap: 💸 $103.26M
- Circulating Supply: 586.68M TAI
- Next Unlock Amount: 26.77M TAI
- Percentage of Market Cap: 4.56% ($4.71M)
- Next Unlock Date: March 2, 2025
TARS AI puts AI to use by employing them for crypto market sentiment predictions. The unlock percentage being so high means there are sharp price motions which traders can take advantage of. ⚡️
Conclusion
| Token | Current Price | Market Cap | Unlock Amount | % of Market Cap | Unlock Date |
|---|---|---|---|---|---|
| AltLayer | $0.0486 | 💸 $123.99M | ALT 240.80M | 9.44% ($11.70M) | Feb 25, 2025 |
| Yield Guild Games | $0.263 | 💸 $107.87M | YGG 11.49M | 2.80% ($3.02M) | Feb 27, 2025 |
| NFPrompt | $0.132 | 💸 $52.04M | NFP 14.51M | 3.67% ($1.91M) | Feb 27, 2025 |
| Echelon Prime | $5.77 | 💸 $315.28M | PRIME 751.91K | 1.38% ($4.34M) | Feb 28, 2025 |
| Optimism | $1.15 | 💸 $1.86B | OP 32.21M | 1.99% ($37.02M) | Feb 28, 2025 |
| Portal | $0.145 | 💸 $59.27M | PORTAL 25.61M | 6.25% ($3.70M) | Feb 28, 2025 |
| Grass | $2.20 | 💸 $536.84M | GRASS 3.71M | 1.52% ($8.16M) | Feb 28, 2025 |
| Sui | $3.43 | 💸 $10.61B | SUI 80.14M | 2.59% ($275.11M) | Mar 1, 2025 |
| dYdX | $0.800 | 💸 $359.57M | ETHDYDX 8.33M | 1.85% ($6.66M) | Mar 1, 2025 |
| Bifrost | $0.0377 | 💸 $58.94M | BFC 25.38M | 1.62% ($955.57K) | Mar 1, 2025 |
| Ethena | $0.440 | 💸 $1.38B | ENA 94.19M | 3.01% ($41.44M) | Mar 2, 2025 |
| TARS AI | $0.176 | 💸 $103.26M | TAI 26.77M | 4.56% ($4.71M) | Mar 2, 2025 |
For more posts covering the potential effects that token unlocks have on the market, check out our blog over at BlockchainTreat.com!