- Token Unlocks revealed $48.53 million worth of cliff unlocks set for next week.
- VENOM will witness the largest unlock worth $25 million.
- FET and AGIX will also add tokens worth $5.6 million and $5.7 million, respectively, to their circulating supply.
Token Unlocks data on Friday revealed several tokens set for cliff unlocks totaling $48 million next week. ASI tokens FET and AGIX will also see a combined unlock of $11 million.
VENOM, YGG, ASI to witness cliff unlocks next week
The crypto market is set for another round of supply injection next week, with cliff unlocks totaling $48.53 million. The tokens adding to their circulation include Venom (VENOM), Yield Guild Games (YGG), SingularityNet (AGIX), Fetch.ai (FET), Ethena (ENA) and Galxe (GAL).
Cliff unlocks are the periodic release of vested tokens to investors, team members, community members or other key stakeholders.
Weekly Cliff Unlocks : 23-29 Sep '24
— Token Unlocks (@Token_Unlocks) September 20, 2024
$ 48.53m
Unlock Highlights $VENOM (12.67%) - $25.11m$YGG (3.69%) - $6.57m$AGIX (1.62%) - $5.73m$FET (0.14%) - $5.61m$ENA (0.78%) - $3.80m$GAL (0.33%) - $0.98m
.
.
( % of cir. supply) pic.twitter.com/RCrQzpHe9B
The highlight for next week's unlocks is VENOM, which will unlock 235 million tokens worth $25 million. The upcoming unlock represents 12.67% of Venom's current circulating supply.
YGG will unlock $6 million, which will be distributed across its community, team, and private investors.
Additionally, Artificial Superintelligence (ASI) tokens AGIX and FET will be among the tokens, releasing $5.7 million and $5.6 million worth of their tokens into the market.
FET and AGIX saw gains last week following a proposal to include Cudos as a fourth member of the pact, subject to the community's approval.
The voting began on Thursday and will be open until September 24. If the community agrees to the proposal, CUDOS will begin merging with ASI.
Other tokens set for unlocks next week include ENA and GAL, which will unlock $3.8 million and $983K tokens, respectively.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Tether mints another $1,000,000,000 USDT on Justin Sun’s Tron blockchain: TRX traders could profit
Tether, the world’s largest stablecoin issuer, has minted another $1 billion worth of USDT on the Tron blockchain according to Whale Alert data published Friday.
XRP Price Prediction: XRP back above $2 liquidating $18M in short positions, will the rally continue?
Ripple (XRP) seeks support above $2.0020 on Thursday after gaining 14% in the past 24 hours. The token trades at $2.0007 at the time of writing, reflecting growing bullish sentiment across global markets.
Avalanche Octane update goes live on mainnet, slashes transaction fees significantly
Avalanche (AVAX) Octane update, live on mainnet on Thursday, introduces a dynamic fee mechanism to the C-Chain. This mechanism reduces transaction costs during high network activity by adjusting real-time fees, as per ACP-176.
Dogecoin soars as 21Shares files S-1 for DOGE ETF
Dogecoin (DOGE) rallied nearly 12% on Wednesday after asset manager 21Shares filed an S-1 application with the Securities & Exchange Commission (SEC) to launch the 21Shares Dogecoin exchange-traded fund (ETF).
Bitcoin Weekly Forecast: Tariff ‘Liberation Day’ sparks liquidation in crypto market
Bitcoin (BTC) price remains under selling pressure and trades near $84,000 when writing on Friday after a rejection from a key resistance level earlier this week.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.