Token Releases Worth $120 Million: Avalanche, Lido Finance, Yield Guild Games Lead the Charge

  • Avalanche, Lido Finance, Yield Guild Games and others will launch tokens totaling $120 million.
  • Some of the positions will increase the revolving supply by more than 6 percent.

A total of more than $120 million worth of crypto assets will hit the market between Aug. 21-27, 2023, according to Token Unlocks. The three main ones are AVAX, LDO and YGG.

The turnover offer for these positions will be increased by 6.6%, 2.77% and 0.97% respectively. Avalanche will issue 9.54 million AVAX worth $102.1 million on August 25, 2023.

At the time of writing, the asset is trading at $10.5. The market is trending downward, according :

AVAX rate.

Before that, the major unlocking of AVAX was in May 2023. At the time, the token price was down more than 20%.

Lido Finance will float 8.5 million LDOs worth $14.11 million on Aug. 25, 2023. This is the final and largest unlocking of the project.

At the time of writing, the asset is trading at $1.6. For the week, the LDO price fell nearly 9%, according:

LDO rate.

Yield Guild Games will release 12.2 million YGG into circulation on August 27 for a value of $2.87 million.

Analogous amount of the project’s tokens were unlocked in July 2023. Against this backdrop, the price of YGG jumped from $0.18 to $0.67, according:

YGG rate

The asset is trading at $0.22 as of this writing. It “sagged” by more than 30% over the week, according.

Besides these three, significant volumes of ID, SWEAT, 1INCH and ACA will also hit the market.

As a reminder, we previously published a detailed four-part course on tokenomics. You can check them out on our YouTube channel.

The first part is about what tokenomics is all about. The second one is about issuance and capitalization.

The third is about how to evaluate the usefulness of an asset. In the fourth, on how to prepare the issuance of your own token.