Ah, the grand spectacle of token unlocks! These are the moments when blockchain projects, like a magician revealing their tricks, release tokens that were once locked away, carefully orchestrated to avoid a market frenzy. 🎩✨
Such events often lead to price movements that could make even the most stoic investor raise an eyebrow. Here are three token unlocks that are set to dazzle us in the coming week:
1. Portal (PORTAL)
- Unlock Date: February 28
- Number of Tokens to be Unlocked: 25.61 million PORTAL (2.56% of max supply)
- Current Circulating Supply: 167.1 million PORTAL
- Total Supply: 1 billion PORTAL
Portal, the native utility token for a cross-chain Web3 gaming platform, is like the glue that binds gamers and developers across various blockchain realms. The upcoming unlock will release tokens from several rounds of allocation, like a piñata bursting with candy! 🍬
For instance, the Team & Advisors allocation will swell by approximately 920,000 tokens, while the Treasury allocation will add around 3.31 million tokens. With three rounds still pending, this unlock could inject fresh liquidity into the market, potentially stirring the price dynamics like a good old-fashioned soap opera! 📺💔
2. AltLayer (ALT)
- Unlock Date: February 25
- Number of Tokens to be Unlocked: 240.80 million ALT (2.41% of total supply)
- Current Circulating Supply: 2.55 billion ALT
- Total Supply: 10 billion ALT
AltLayer, a decentralized protocol, is like the Swiss Army knife for blockchain developers, helping them launch and optimize Layer-2 rollups. The ALT token is crucial for staking, governance, and protocol fee payments. 🛠️
This unlock is spread across various allocations: Foundation/Treasury, Protocol Development, Ecosystem & Community, Team, Seed Round, Strategic Round, and Strategic Partners. The significant token release will likely enhance liquidity and further support AltLayer’s scaling and security initiatives. Just remember, last time in 2024, ALT took a nosedive before its $100 million token unlock. This time, it’s smaller, but hold onto your hats—market volatility is still on the menu! 🎢
3. NFPrompt (NFP)
- Unlock Date: February 27
- Number of Tokens to be Unlocked: 14.51 million NFP (1.45% of max supply)
- Current Circulating Supply: 395.3 million NFP
- Total Supply: 1 billion NFP
NFPrompt is an AI-powered content creation platform for Web3, allowing users to generate and monetize digital art and NFTs with the help of advanced AI tools. The native NFP token is used for staking, payments, contest participation, and governance. 🎨🤖
In this unlock, allocations will come from the Short-Term Growth Fund, Long-Term Treasury Fund, Team, and Investors. This release will add fresh tokens to the circulating supply, potentially impacting the token’s liquidity and market sentiment. It’s like adding sprinkles to a cupcake—who doesn’t love sprinkles? 🧁
Overall, these unlocks represent nearly $17.71 million worth of tokens entering the market this week. With fresh liquidity and increased participation in governance and staking, investors and community members should keep their eyes peeled for potential price volatility and strategic shifts in each project’s roadmap. Buckle up, folks! 🚀
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2025-02-23 20:01