The YZY token tied to Kanye West is set for its largest unlock on Aug. 16, according to monitoring data from OnchainLens. A total of 120.83 million YZY tokens, valued at about $35.26 million, will enter circulation in the release. That amount equals 12.08% of the token’s 1 billion total supply.
The unlock does not end there. OnchainLens said YZY tokens are expected to keep unlocking after this event, with roughly $8.51 million worth of tokens projected to be released each month through July 2027. The schedule points to a continued increase in circulating supply over an extended period.
Market data cited in the report shows YZY is now down about 89.9% from its all-time high of $2.95. The token’s current market capitalization was last reported at $87 million. The Aug. 16 release stands out as the biggest single unlock in YZY’s history based on the figures provided in the update.
BlockBeats reported on Aug. 15 that, according to OnchainLens, the YZY token linked to Kanye West is set for its largest token unlock on Aug. 16.
Size of the unlock
A total of 120.83 million YZY tokens will enter circulation in the event. The batch is worth about $35.26 million and accounts for 12.08% of YZY’s total supply of 1 billion tokens.
More tokens scheduled to unlock
After this release, YZY will continue unlocking tokens over time. The report said roughly $8.51 million worth of YZY is expected to be unlocked each month through July 2027.
Current market data
Market data in the report showed YZY is down about 89.9% from its all-time high of $2.95. Its market capitalization was last reported at $87 million.
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