Kanye West’s $YZY token is getting ready for its greatest token unlock thus far, after its worth dropped by roughly 90 % from its all-time excessive.
Based on OnchainLens knowledge, a complete of 120.83 million $YZY tokens might be unlocked on August sixteenth. This quantity, value roughly $35.26 million, corresponds to 12.08% of $YZY’s whole provide of 1 billion tokens.
This transaction would be the largest token unlocking ever for $YZY. The introduction of such a big new provide raises considerations that it may enhance promoting strain on the token, particularly given present liquidity and demand situations.
It’s acknowledged that the provision enhance in $YZY is not going to be restricted to the unlocking on August sixteenth. Based on the present schedule, roughly $8.51 million value of $YZY tokens are anticipated to be unlocked every month till July 2027.
Then again, the $YZY worth has misplaced roughly 89.9% of its worth in comparison with its earlier all-time excessive of $2.95. Based on present knowledge, the venture’s market worth is roughly $87 million.
*This isn’t funding recommendation.
