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This week, the crypto assets market will witness a significant wave of Token unlocks. According to the latest report from an industry data analysis platform, several well-known projects are expected to release Tokens worth a total of over $92 million.
In this round of unlocking, the LayerZero project's ZRO Token is undoubtedly the most eye-catching. On August 20, the project will unlock tokens worth 51.91 million dollars, accounting for 2.47% of its total supply, which exceeds 22% of its current market value. On the same day, the Kaito project's KAITO Token will also unlock 18.5 million dollars, accounting for 1.67% of its supply.
Other notable unlocks include zkSync's ZK Token ($11.1 million), Plume Network's PLUME Token ($10.24 million), ApeCoin's APE Token ($9.62 million), Caldera's ERA Token ($6.89 million), and the meme Token MELANIA ($4.82 million).
It is worth noting that the impact of different Token unlocks on their market capitalization varies. For example, the unlock volume of the ERA Token will account for 4.86% of its market capitalization, while the MELANIA Token will account for 3.25%. In contrast, although the absolute number of APE Token unlocks is large, it only represents 1.92% of its market capitalization. However, considering that 87.9% of the APE supply is already in circulation, this unlock may bring some pressure to the market.
This wave of unlocks may have an impact on short-term market trends. Investors should closely monitor the unlocking progress of various projects and the potential market reactions it may bring, while also considering the long-term development of the projects and ecosystem building. While token unlocks may bring potential selling pressure, they could also inject new liquidity into the market, providing more possibilities for project development.