This week, three crypto projects, Avalanche, Lido, and Yield Guild Games, are gearing up to unlock significant tokens worth more than a combined $120 million, which will boost the token supply in the market.
Lido DAO (LDO) Unlock
On August 26, the liquid staking platform Lido is scheduled to unlock 8.5 million of it’s governance tokens (LDO) worth $14.2 million, equating to roughly 0.97% of the supply.
According to TokenUnlocks, the distribution of these 8.5 million tokens will be for those investors who already have more than 300 million tokens.
Avalanche Token (AVAX) Unlock
The Avalanche blockchain will unlock its native tokens, 9.54 million AVAX tokens worth $102.86 million, on August 26, amounting to 2.77% of the total circulating supply.
The strategic partners will receive 2.25 million AVAX worth $24.21 million, while the foundation will get 1.67 million tokens. Adding to this, 4.5 million tokens, or $48.42 million, will go to the team, and airdrop participants will get 1.13 million tokens.
Yield Guild Games (YGG) Token Unlock
Yield Guild Games is also ready to release its 12.2 million YGG tokens on Sunday, August 27, which will be worth $2.87 million and total 6.6% of the token’s circulating supply.
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