Back

LayerZero, YZY, and Arbitrum Lead Upcoming Token Unlocks

LayerZero is set to release $49.1 million in tokens on February 20, with YZY and Arbitrum also scheduling significant unlocks totaling over $31 million combined.

ARB

Summary

LayerZero (ZRO) leads upcoming token releases with 25.71 million tokens worth approximately $49.1 million unlocking on February 20. YZY is scheduled to unlock 62.5 million tokens valued at $20.6 million on February 17. Additionally, Arbitrum will release 92.65 million ARB tokens with an estimated value of $11.2 million.

Terms & Concepts
  • Token Unlock: The scheduled release of previously locked cryptocurrency tokens into the circulating supply, often impacting market liquidity and price.
  • LayerZero: An omnichain interoperability protocol designed to facilitate lightweight message passing across different blockchain networks.
  • Arbitrum: A Layer 2 scaling solution for Ethereum that utilizes optimistic rollups to improve transaction throughput and reduce costs.