In the history of crypto, September has been a month of curse, where the crypto prices crash with the events that happen during this time. Despite the dark history of September, the total crypto market cap surged by 3.5% during the past 7 days. During this month, there will $4 billion worth of tokens unlocked into the crypto market, with $88 million worth of tokens scheduled for today.
Layer Zero (ZRO) to unlock $24 million tokens
LayerZero is a cross-chain interoperability protocol that enables different blockchains to communicate with each other in a secure, lightweight, and efficient way. Instead of functioning as a blockchain itself, LayerZero acts as the messaging layer that lets decentralized applications (dApps) transfer tokens, data, or commands across chains.
ZRO will unlock about 24 million tokens, which is worth about $47 million. This token unlock, which is scheduled to happen in 3 rounds in two days’ time, represents 2.47% of the total supply. The next token unlock will be in a month’s time on October 20, and the same amount of token ($24 million approx.) will be unlocked.
Meanwhile, ZRO is trading at $1.9 after gaining more than 0.4% during the past 24 hours. The token tried to rise above the $1.94 resistance level, but it failed to climb above this, as the bears kept the pressure on.
Manta to unlock $3.3 million tokens monthly
Manta tokens are the native cryptocurrencies of the Manta Network, a blockchain ecosystem focused on privacy, scalability, and DeFi/NFT applications powered by zero-knowledge (ZK) technology.
MANTA has scheduled to unlock 15.6 million tokens in 7 rounds tomorrow. With this token unlock, the total amount of tokens circulating will reach more than 50%.
The next token unlock will be on October 18, where $3.32 million worth of tokens will be unlocked into the market on a monthly basis.
Polyhedra Network (ZKJ) to unlock $2.75 million worth of tokens
Polyhedra Network is a Web3 infrastructure project focused on building advanced zero-knowledge (ZK) proof technologies. These technologies improve interoperability, scalability, and security across blockchains. It is known for creating tools and protocols that connect different blockchain ecosystems in a trust-minimized, efficient way.
ZKJ will unlock 15 million tokens, which have a representation of 1.55% of the total supply and are worth about $2.75 million. The unlock will happen in four rounds tomorrow, September 19. The token has already unlocked 35.44% of tokens, and with the latest unlock, this unlocked amount will increase to 36.95%.
