Unlock Lido DAO (LDO)
The planned unlocking of administrative tokens for Lido (LDO), a liquidity staking platform, is set to take place on August 26th. During this event, a total of 8.5 million LDO tokens will be released, with an estimated value of around $14.2 million, representing about 0.97% of the total token supply.
According to TokenUnlocks, all 8.5 million tokens will be distributed among investors who have held more than 300 million tokens previously.
Over the past week, the price of Lido’s LDO token has experienced an 8.5% decrease, but it has stabilized over the last 24 hours.
Unlock Avalanche (AVAX)
AVAX, the native cryptocurrency of the Avalanche blockchain, has scheduled its token unlock for August 26th, releasing 9.54 million AVAX tokens worth $102.86 million, accounting for 2.77% of the total circulating supply.
The previous AVAX token unlock in May was well-received by the market.
The unlocked AVAX tokens will be distributed among strategic partners, with 2.25 million tokens going to them, equivalent to $24.21 million. Organizations will receive 1.67 million tokens, and a group will be allocated 4.5 million tokens, valued at $48.42 million. Participants in the airdrop will receive 1.13 million tokens.
AVAX experienced a 13% decrease in the past week, according to CoinDesk market data, and a 1.8% drop on the current day.
Unlock Yield Guild Games (YGG)
Blockchain-based games are facing challenges in attracting their core audience, and Yield Guild Games (YGG), a major investor in GameFi DAO tokens, has certainly reflected this trend.
Market data reveals that YGG tokens experienced a nearly 59% decline last year, although a recovery in the past month temporarily pushed it up by 49%. In the previous week, it lost an additional 30% of its value and dropped by 2% on the current day.
YGG is planning to release 12.2 million YGG tokens (equivalent to $2.87 million) on August 27th, constituting 6.6% of the total circulating supply of the cryptocurrency. Currently, around 30% of the token’s total supply has been unlocked.