Top Crypto Token Unlocks of the Week (Jan 21 - 27): $DYDX, $ZETA, $SOPH and More!
Welcome back to our weekly summary of top token unlocks. This week we got a huge unlock from $SOPH, around 9% and other notable unlocks from $DYDX, $AIT and $ZETA.
🔒 TOP Token Unlocks This Week:
dYdX - $DYDX Token Unlock
dYdX ($DYDX) is a decentralized exchange that offers advanced trading features such as perpetual contracts, spot trading, and margin trading. Initially built on Ethereum’s Layer 2 solution StarkEx to enhance scalability and reduce gas fees, dYdX transitioned to its own blockchain using the Cosmos SDK with its v4 upgrade, achieving full decentralization and higher transaction throughput. The platform is designed for both individual and institutional traders, providing leveraged trading opportunities and maintaining a non-custodial model, which ensures that users retain control of their funds.
On Jan 21, 2025 dYdX is set for the following unlocks:
- 9,233,333 $DYDX tokens valued at $11,581,742 will be released to the "Investors" allocation group, increasing the circulating supply by 1.02%
- 5,100,000 $DYDX tokens valued at $6,397,135 will be released to the "Employees and Consultants" allocation group, increasing the circulating supply by 0.56%
- 2,333,333 $DYDX tokens valued at $2,926,794 will be released to the "Future Employees and Consultants" allocation group, increasing the circulating supply by 0.26%
AiMalls - $AIT Token Unlock
AIMalls is a Web3 project that aims to innovate e-commerce by integrating artificial intelligence and blockchain technology. The platform allows users to create and manage AI-powered virtual shopping malls and stores in the metaverse. $AIT is the native token of the AIMalls ecosystem, used for governance, transactions within the virtual malls, and rewards for store owners and shoppers.
On Jan 22, 2025 AiMalls is set for the following unlocks:
- 3,542 $AIT tokens valued at $10,683.02 will be released to the "Foundation" allocation group, increasing the circulating supply by 0.43%
- 3,542 $AIT tokens valued at $10,683.02 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.43%
SOPH AI Token - $SOPH Token Unlock
The SophiaVerse project ($SOPH) aims to create a decentralized platform that leverages AI to enhance various applications and services within the crypto space. By utilizing smart contracts and decentralized technologies, SophiaVerse seeks to provide innovative solutions for data management, automation, and intelligent decision-making processes. The $SOPH token serves as the native currency, facilitating transactions, incentivizing participation, and enabling access to AI-powered services on the platform.
On Jan 25, 2025 SOPH AI Token is set for the following unlocks:
- 5,000,040 $SOPH tokens valued at $67,927.56 will be released to the "Team and Advisors" allocation group, increasing the circulating supply by 1.9%
- 5,520,877 $SOPH tokens valued at $75,003.34 will be released to the "Strategic Partners" allocation group, increasing the circulating supply by 2.1%
- 3,472,250 $SOPH tokens valued at $47,171.91 will be released to the "Community Incentive Pool" allocation group, increasing the circulating supply by 1.32%
- 3,472,250 $SOPH tokens valued at $47,171.91 will be released to the "Liquidity Rewards Pool" allocation group, increasing the circulating supply by 1.32%
- 6,666,720 $SOPH tokens valued at $90,570.08 will be released to the "Ecosystem and Network Adoption Fund" allocation group, increasing the circulating supply by 2.54%
Zeta - $ZETA Token Unlock
The $ZETA token is the native cryptocurrency of the ZetaChain network. It serves multiple purposes within the ecosystem, including facilitating cross-chain transactions, paying for gas fees, participating in network governance, and staking for network security. By holding and using $ZETA, users can engage with various aspects of the ZetaChain ecosystem and potentially benefit from its growth and adoption in the broader blockchain landscape.
On Jan 25, 2025 Zeta is set for the following unlocks:
- 10,080,000 $ZETA tokens valued at $5,199,908 will be released to the "Protocol Treasury" allocation group, increasing the circulating supply by 4.26%
Honorable Mentions
- On Jan 24th Market Making Pro ($MMPRO) will release 0.6% of its total supply to the “Vesting Group 5”
- On Jan 25th Immutable X ($IMX) will release 0.6% of its total supply to the “Project Development” vesting group.
- On Jan 26th Space ID ($ID) will release 0.6% of its total supply to the “Marketing” and “Foundation” vesting groups.
About Vesting and Token Unlocks
Both traditional finance and Web3 emerging projects often issue a share of tokens or stocks to their shareholders. These shareholder groups can for example be the developer team, founders, advisors, and so on.
Tokens issued for shareholder groups and other use cases are often not available immediately after launch - instead, they are locked for a specified amount of time (vesting) and released into circulation according to a predetermined schedule.
Token Unlocks refer to the moments when these vested tokens become accessible or "unlocked."
Learn how to use token unlocks in trading and investing here: Track Token Unlocks & Vesting Schedule of 200+ Cryptocurrencies with CoinBrain!
