The post Metars Genesis (MRS) leads $407 million token unlock this week appeared on BitcoinEthereumNews.com.

Metars Genesis (MRS) is leading the token unlock event this week, with over $407 million worth of tokens scheduled for release across various projects. According to data from Tokenomist, MRS will see 10M tokens unlocked. The value of the token unlock is around $15.8 million, which is 11.87% of its circulating supply. Last week, Arbitrum (ARB) led the token unlock by releasing $51 million worth of tokens. Cliff unlocks dominated by MRS and ADA The token unlock spans both cliff and linear vesting schedules. As per the data, several projects are releasing a portion of their tokens. In the cliff unlock category, following MRS, Cardano (ADA) will release 37.06M tokens worth $13.59 million. However, this represents only 0.10% of its circulating supply. APEX and MURA are also set for considerable unlocks, with $13.37 million and $12.72 million worth of tokens being released, respectively. Other notable cliff unlocks include AITECH with 80.17M tokens valued at $7.93 million (7.46% of circulating supply), ID with 18.49M tokens worth $7.81 million (4.29% of supply), and YGG with 14.08M tokens valued at $7.57 million (3.64% of supply). The last three token unlocks as shared by Wu Blockchain include KARRAT, TRIBL and ENA. These three projects are releasing tokens worth in the range of $9.6 million to $12.86 million. ENA, however, is only unlocking 0.47% of its circulating supply. Source: Wu Blockchain Linear unlocks led by Solana and Worldcoin On the linear unlock front, Solana (SOL) leads with 524.03K tokens valued at $88.46 million. This accounts for just 0.11% of its circulating supply. Worldcoin (WLD) follows closely with a $88.23 million unlock, representing 6.71% of its circulating supply. Other large linear unlocks include TAO with $29.56 million and Avalanche (AVAX) with $20.01 million. Popular meme coin Dogecoin (DOGE) is also part of the event, with 94.47M…

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Filed under: News - @ October 21, 2024 7:27 am