HYPE and KMNO Set for Major Token Unlocks as ChronoForge Closes

HYPE will release $251 million worth of tokens on December 29, while KMNO’s unlock coincides with Web3 game studio ChronoForge’s shutdown due to funding shortages.

HYPE

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Terms & Concepts
  • Token Unlock: The release of previously locked cryptocurrency tokens into circulation, often after vesting or lock-up periods.
  • Web3: A decentralized internet ecosystem built on blockchain technology, enabling user-owned platforms and digital assets.
  • Circulation: The total number of cryptocurrencies available in the market and actively traded.