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LayerZero to Unlock $44.2 Million Worth of ZRO Tokens on October 20

Major token unlocks, including LayerZero’s release of 25.71 million ZRO tokens, highlight upcoming liquidity shifts in the market between October 20 and October 25.

KAITO
VENOM

Summary

LayerZero (ZRO) will unlock 25.71 million tokens, worth $44.2 million or 7.86% of its circulating supply, on October 20. Scroll (SCR) will release 82.5 million tokens worth $14.09 million on October 22. Additional unlocks for KAITO, MBG, SOON, Humanity, Venom, and Plasma will release hundreds of millions in value from October 20-25, potentially impacting token liquidity and market prices.

Terms & Concepts
  • Token Unlock: The scheduled release of previously locked cryptocurrency tokens, often affecting supply and market dynamics.
  • Circulating Supply: The total amount of a cryptocurrency currently available and circulating in the market.
  • LayerZero (ZRO): A cross-chain messaging protocol's native token used within its ecosystem, enabling decentralized interoperability across blockchains.