This week, from September 2 to 8, 2024, several significant token unlocks are scheduled, totalling over $82.46 million. These unlocks involve various prominent blockchain projects, each contributing to the evolving landscape of decentralized finance and blockchain technology.
Immutable claims to be the pioneering layer-two scaling solution for NFTs on Ethereum. It addresses Ethereum's challenges, such as limited scalability, poor user experience, liquidity issues, and slow developer processes, by offering a more efficient blockchain.
This week Immutable will witness a major token unlock. $IMX token unlocks will happen on 6 September 2024 unlocking 2.06% of its circulating supply which is 32.47 Million IMX. The total worth of the unlock will be $46.11 million which is the highest among this week's token unlocks and allocated to the community and foundation reserve.
This week Taiko token unlocks will take place. The $TAIKO tokens will be unlocked on 5 September 2024, unlocking 19.02% of its circulating supply, which is 12.00 Million TAIKO. The total worth of the unlock will be $20.28 Million, which is the 2nd highest among this week's token unlocks and will be allocated to the community.
$MODE token unlocks will happen on 6 September 2024 unlocking 38.46% of its circulating supply which is 1.95 Million MODE. The total worth of the unlock will be $6.39 million and allocated to the community.
$ENA token unlocks will be on 08 September 2024 unlocking 0.82% of its circulating supply which is 14.89 Million ENA. The total worth of the unlock will be $3.57 Million and allocated to the community.
$GAL token unlocks will be on 02 September 2024 unlocking 0.82% of its circulating supply which is 1.03 Million GAL. The total worth of the unlock will be $2.31 Million and allocated to the Foundation Reserve.
$HFT token unlocks will be on 07 September 2024 unlocking 3.06% of its circulating supply which is 13.62 Million HFT. The total worth of the unlock will be $1.95 Million and allocated to the Founder/Team, Community and private investors.
$DYDX token unlocks will be on 03 September 2024 unlocking 0.68% of its circulating supply which is 1.03 Million GAL. The total worth of the unlock will be $1.46 Million and allocated to the community.
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