Crypto events that may affect the prices of some tokens this week

In the coming days, several crypto projects will launch tokens with a total value of just over $94 million.

Token unlocking in crypto projects occurs when coins locked up during fundraising or other phases are released on a predetermined schedule.

These events can affect the token markets, especially in conditions of low liquidity or if early investors decide to take their profits.

5 unlocks of tokens to keep an eye on in the coming week

• Optimism ( OP )

Unlock Date: June 30
Number of tokens unlocked: 31.34 million OP
Total price of all tokens compared to their price on June 24: $52.964 million

Optimism is Ethereum's second-layer scaling solution that increases transaction speed and reduces costs. The OP token takes a central place in governance, allowing its holders to vote on network proposals. On June 30, Optimism will release over 30 million OP tokens to investors and core contributors. This significant unblocking has raised concerns about potential liquidity issues and price declines, with some analysts predicting a 30-70% drop if investors decide to sell their tokens.

• Athena ( ENA )

Unlock Date: June 30
Number of tokens unlocked: 14.89 million ENA
Total price of all tokens compared to their price on June 24: $8.070 million

Athena is a protocol that provides a local cryptocurrency solution independent of traditional banking. It offers a dollar-denominated savings instrument called an "internet bond." The ENA token enables its holders to vote on governance proposals. On June 30, Athena will unlock nearly 15 million tokens for ecosystem development.

• SingularityNET ( Agix )

Unlock Date: June 28
Number of tokens unlocked: 8.57 million AGIX
Total price of all tokens compared to their price on June 24: $5.126 million

SingularityNET is a decentralized platform for developing and hosting AI applications. Its token, AGIX, is used to transact, manage and reward node operators and supports Cardano and Ethereum cross-chain functionality. On June 28, SingularityNET will unlock tokens for participants in the AGIX-ADA Rewards Program to encourage community participation and development.

• Yield Guild Games (YGG)

Unlock Date: June 27
Number of tokens unlocked: 16.69 million YGG
Total price of all tokens compared to their price on June 24: $9.356 million

Yield Guild Games is a global gaming community where players can earn rewards in the form of cryptocurrency by participating in blockchain games. YGG invests in NFT assets such as in-game items and virtual land that users can occupy. On June 27th, a significant number of YGG tokens will be unlocked for the community, developers, investors and treasury to support the growth and ecosystem.

• AltLayer (ALT)

Unlock date: June 25
Number of tokens unlocked: 105.21 million
Total price of all tokens compared to their price on June 24: $18.882 million

AltLayer is a decentralized protocol designed to improve network scalability by using “Restaked Rollups”. It integrates various stacks, such as OP Stack and Arbitrum Orbit, to improve security, decentralization and interoperability through the re-staking mechanism. On June 25th, over 105.21 million ALT tokens will be unlocked and goals include treasury, community and ecosystem development.