- Over $83.38 million in liquidity has been injected into the crypto token market.
- SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH account for the newly injected liquidity.
- SUI tops the liquidity injection with $44.4 million volume.
According to Token Unlocks, over $83.38 million in liquidity has been injected into the crypto token market this week across multiple projects. Accounting for this volume includes SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH. The total volume spreads across each of the listed tokens at different ratios. It also represents varying portions of their circulating supply.
Sui (SUI)
Sui is a layer 1 blockchain smart contract protocol that provides fast, private, secure, and accessible digital asset ownership. The project unlocked $44.4 million worth of SUI this week, marking 11.6% of its circulating supply. SUI’s total supply is 10,000,000,000 tokens, and at the time of writing, it traded at $0.7456.
Optimism (OP)
Optimism is a layer 2 blockchain on top of Ethereum. The project unlocked $31.9 million worth of OP tokens, representing 3.8% of its circulating supply. At the time of writing, OP traded at $1.32, and its total supply was 4,294,967,296 OP tokens.
Yield Guild Games (YGG)
Yield Guild Games is a Metaverse NFT-focused Decentralized Autonomous Organization (DAO). It unlocked $2.8 million worth of YGG tokens this week, which is 3.9% of its circulating supply. YGG traded at $0.16 at the time of writing and had a total supply of 1,000,000,000 tokens.
SingularityNET (AGIX)
SingularityNET is an AI-focused blockchain project that allows for decentralized accessibility. It unlocked $2.4 million in liquidity this week, representing 0.8% of its circulating supply. AGIX’s price at the time of writing was $0.2384, with a total supply of 1,303,100,454.48 AGIX.
Acala Token (ACA)
Acala is a DeFi network on Polkadot. It unlocked $1.2 million in liquidity this week, representing 4.3% of the ACA circulating supply. ACA’s price at the time of writing was $0.04672, and the total supply was 1,000,000,000 tokens.
Galxe (GAL)
Galxe is a Web3 data network. The project unlocked $0.7 million worth of GAL tokens this week, representing 1.3% of its circulating supply. At the time of writing, GAL traded at $1.32, with a total supply of 200,000,000 GAL.
1inch Network (1INCH)
The 1inch Network unites decentralized protocols operating in the DeFi space. It unlocked $20,600 in liquidity this week, which makes up 0.01% of its circulating supply. 1INCH traded at $0.3279 at the time of writing, with a total supply of 1,500,000,000 tokens.
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