Kanye West-linked YZY faces 120.83 million token unlock on Aug. 16

YZY, the token linked to Kanye West, is scheduled for its largest-ever unlock on Aug. 16, when 120.83 million tokens worth about $35.26 million are due to enter circulation, according to OnchainLens. The release equals 12.08% of YZY's 1 billion total supply and nearly 23% of its current circulating supply, a supply increase that traders often watch because token unlocks can raise near-term sell-side pressure. YZY is expected to continue unlocking tokens after this event, with roughly $8.51 million worth projected to be released each month through July 2027. Market data cited in the report shows YZY is down about 89.9% from its all-time high of $2.95, while its market capitalization is about $87 million.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.