This week saw a significant amount of large unlocks, with W unlocking 47.8% of its circulating supply, ZETA unlocking 6.2% of its circulating supply, and SUI unlocking tokens valued at $157 million.
Wormhole
Project Twitter: https://twitter.com/wormhole
Project Official Website: https://wormhole.com/
Amount unlocked this time: 1.396 billion tokens
Amount unlocked this time: approximately $122 million
Wormhole is a decentralized universal cross-chain information transfer protocol that allows the transfer of assets and information between different blockchain networks. Initially incubated and supported by Jump Crypto, it aims to enable developers to build native cross-chain applications that span multiple chains.
Wormhole will unlock a massive amount of tokens at once, including 550 million for the ecosystem ($48.6 million), 420 million for core contributors ($37.11 million), 290 million for strategic participants ($25.63 million), and 127 million for guardian nodes ($11.27 million).
The specific release curve is as follows:
ZetaChain
Project Twitter: https://twitter.com/zetablockchain
Project Official Website: https://www.zetachain.com/
Amount unlocked this time: 45.25 million tokens
Amount unlocked this time: approximately $13.53 million
ZetaChain is a foundational public blockchain that enables full-chain, universal smart contracts and messaging across any blockchain. ZetaChain aims to build a fluid multi-chain crypto ecosystem, where these "full-chain" smart contracts can send data and value across connected blockchains, including Bitcoin, Ethereum, Polygon, and more.
There are many recipients of ZETA unlocks, with those exceeding one million dollars including core contributors at $3.94 million, protocol treasury at $3.85 million, advisors at $2.8 million, and ecosystem development fund at $1.58 million.
The specific release curve is as follows:
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