- $42.42 million worth of ZRO (LayerZero) will unlock, representing 23.13% of its circulating supply
- XPL will unlock $35.19 million worth of tokens, while MBG will unlock $17.23 million worth of tokens
- Token unlocks are notable considering that the sudden influx of such a large volume of tokens into the open market could create big selling pressure
Market analytics company Tokenomist has highlighted a substantial token unlock event scheduled for next week, involving digital assets with a combined value exceeding $100 million.
Out of those assets, three tokens bring the most attention. These include unlocks of:
- $42.42 million worth of ZRO (LayerZero), representing 23.13% of its circulating supply
- $35.19 million in XPL (Plasma), accounting for 4.94% of its circulation
- $17.23 million in MBG (MultiBank Group), making up 19.01% of its supply
Tokenomist has characterized the event as huge, suggesting that the sudden influx of such a large volume of tokens into the open market could create big selling pressure and increase price volatility for the assets involved.
Related: LayerZero Stargate Merger: Foundation Proposes $110M Acquisition Deal
ZRO in the spotlight
Considering ZRO is getting the biggest unlock, it’s also currently enjoying the most public attention out of the three. This is especially true since, according to various tokenomics trackers, the upcoming ZRO unlock has been flagged as one of the more meaningful ones in recent months.
In the past, the price of ZRO has tended to drop as these unlock dates neared. Investors worry that the sudden increase in available tokens will lead to more selling.
Not long ago, LayerZero also announced a buyback program funded by revenues (for instance, via Stargate) and is pursuing governance proposals (such as protocol fee activation) that might help mitigate unlock pressure.
Additionally, in late September, the LayerZero Foundation repurchased 50 million ZRO tokens from its initial backers, a transaction that accounts for 5% of the digital asset’s total circulating supply. This was a separate purchase from the announced buyback program.
XPL and MBG’s unlock events
XPL’s tokenomics schedule reveals that US public sale allocations will unlock around July 28, 2026, while team and investor allocations remain locked with multi-year cliffs.
Also, there has been some speculation about insider sales of locked tokens recently, but Plasma’s founder has publicly denied everything, saying that no team member sold any XPL.
Meanwhile, MBG recently executed its first buyback and burn, removing approximately 4.86 million tokens from circulation, and launched integration into RWA markets.
Related: KuCoin Lists Plasma (XPL) to Tap Into the $250 Billion Stablecoin Market
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