According to Blockchainreporter, seven major blockchain projects are set to unlock $197 million in tokens this week. The projects include Plasma (XPL), WalletConnect (WCT), Kamino (KMNO), Optimism (OP), Zora (ZORA), and UDS Protocol (UDS). These unlocks may introduce market volatility as previously restricted tokens become available. Plasma leads with a $18.13 million market value, followed by WalletConnect and Kamino. Projects often use buy-back mechanisms to manage token supply and reduce immediate selling pressure. The unlock events are occurring amid a relatively strong crypto market, with platforms providing transparency on vesting schedules to help investors prepare.
Seven Major Crypto Projects to Unlock $197M in Tokens This Week
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