Lookonchain has announced on Twitter that a staggering $154.6 million ($252 million) worth of $OP is set to be unlocked after just one day.
1/ Note that 154.6M $OP ($252M) will be unlocked after 1 day, 3.6% of the total supply, and 46% of the circulating supply.
— Lookonchain (@lookonchain) May 29, 2023
81.6M $OP($133M) unlocked to core contributors and 73M $OP($119M) unlocked to investors. pic.twitter.com/HJDng65SCg
The amount represents 3.6% of the total supply and a significant 46% of the circulating supply. A total of $252 million worth of OP tokens will be unlocked, with $133 million allocated for core contributors and $119 million for investors.
According to the recent report, Optimism has announced that its vesting schedule would include a four-year vesting period with monthly unlocks between May 31, 2022, and May 31, 2026, for core contributors and investors. This move is part of the company’s efforts to ensure a smooth and efficient unlocking process for its stakeholders.
The highly anticipated unlocking of the Ecosystem Fund and Retroactive Public Goods funds is set to take place on May 31, 2022. This news has been met with great excitement and anticipation from the community.
Unlocking a substantial amount of OP tokens would impact the market significantly. Investors are set to realize a significant return of 6 times their investment, based on the current price of $1.63. According to the recent Twitter activity, the general sentiment surrounding Optimism appears optimistic, indicating a positive outlook for the cryptocurrency’s future.
According to a notice from Lookonchain on 1inch’s Twitter thread, the lock on 249.8M (1INCH) – which represents 16.65% of the total supply and is valued at $100M – would be removed in three days:
1/ Note that 249.8M #1INCH ($100M) will be unlocked after 3 days, 16.65% of the total supply.
— Lookonchain (@lookonchain) May 29, 2023
Will this lead to a huge sell-off in the market?
A thread. 🧵 pic.twitter.com/AQVRqz0tca
The decentralized aggregator 1INCH has announced unlocking of a significant amount of its native token, 1INCH. The unlocked tokens amount to a staggering 249,807,669.19 1INCH, valued at a whopping $99,993,763. This amounts to 16.65% of the total supply of the token.
