{"id":83365,"date":"2023-08-21T15:11:15","date_gmt":"2023-08-21T12:11:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83365"},"modified":"2025-09-12T10:42:07","modified_gmt":"2025-09-12T07:42:07","slug":"avalanche-lido-and-yield-guild-games-to-unlock-native-tokens-worth-120-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/avalanche-lido-and-yield-guild-games-to-unlock-native-tokens-worth-120-million\/","title":{"rendered":"Avalanche, Lido and Yield Guild Games to unlock native tokens worth $120 million"},"content":{"rendered":"<p>This week, projects <a href=\"https:\/\/forklog.com\/en\/news\/what-is-avalanche-avax\">Avalanche<\/a> (AVAX), <a href=\"https:\/\/forklog.com\/en\/news\/what-is-lido\">Lido<\/a> (LDO) and Yield Guild Games (YGG) will unlock their native tokens for a total of $120 million. The bulk, $100 million, is in AVAX.<\/p>\n<p>According to data from <a href=\"https:\/\/token.unlocks.app\/yield-guild-games\">Token Unlocks<\/a>, on August 27 the blockchain-gaming-focused Yield Guild Games will release 12.22 million YGG valued at about $2.87 million, representing 6.6% of the circulating supply.<\/p>\n<p>Of these, $1.73 million will go to founders and investors. A further $457,000 will go to the project&#8217;s treasury, and $684,000 to the community.<\/p>\n<p>Yield Guild Games unlocked a similar amount on July 27. After that, YGG&#8217;s price rose by nearly 300% in a week, from $0.18 to $0.75. However, by the time of writing, the asset&#8217;s price had fallen again to $0.22, down 8% on the day.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"436\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/YGGUSDT_2023-08-21_14-36-55-1024x436.png\" alt=\"YGGUSDT_2023-08-21_14-36-55\" class=\"wp-image-214037\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/YGGUSDT_2023-08-21_14-36-55-1024w.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/YGGUSDT_2023-08-21_14-36-55-300x128.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/YGGUSDT_2023-08-21_14-36-55-768x327.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/YGGUSDT_2023-08-21_14-36-55-1536x654.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/YGGUSDT_2023-08-21_14-36-55-2048x872.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">4-hour chart of YGG\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/95fTfTYT\/?symbol=BINANCE%3AYGGUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>On August 25, the liquid staking platform Lido Finance <a href=\"https:\/\/token.unlocks.app\/lido-dao\">will unlock 8.5 million LDO<\/a> worth $14.11 million \u2014 0.97% of the total supply. The entire amount is allocated for the project&#8217;s investors.<\/p>\n<p>Earlier unlocks had little impact on the coin&#8217;s price. At the time of writing, LDO is trading at <a href=\"https:\/\/ru.tradingview.com\/symbols\/LDOUSDT\/\">$1.66<\/a>.<\/p>\n<p>The largest unlock this week belongs to the Layer 1 blockchain Avalanche. On August 26, the protocol team will release 9.54 million AVAX worth $100.57 million, representing 2.77% of the asset&#8217;s total supply.<\/p>\n<p>The coins will be allocated as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li>$48 million \u2014 to developers;<\/li>\n<li>$24 million \u2014 to strategic partners;<\/li>\n<li>$17.8 million \u2014 to the Avalanche Foundation fund;<\/li>\n<li>$12 million \u2014 for airdrops.<\/li>\n<\/ul>\n<p>Last time Avalanche unlocked a similar amount of tokens in May, the AVAX price fell by more than 20%, from $14.53 to $11.33.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"419\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/AVAXUSDT_2023-08-21_14-51-41-1024x419.png\" alt=\"AVAXUSDT_2023-08-21_14-51-41\" class=\"wp-image-214038\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/AVAXUSDT_2023-08-21_14-51-41-1024w.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/AVAXUSDT_2023-08-21_14-51-41-300x123.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/AVAXUSDT_2023-08-21_14-51-41-768x315.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/AVAXUSDT_2023-08-21_14-51-41.png 1355w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">4-hour chart of AVAX\/USDT on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/AVAXUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The metaverse platform The Sandbox <a href=\"https:\/\/forklog.com\/en\/news\/the-sandbox-unlocks-130-million-worth-of-sand-tokens\">unlocked 332.55 million SAND<\/a> worth $130 million. This amount increased the asset&#8217;s circulating supply by 16%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week, Avalanche (AVAX), Lido (LDO) and Yield Guild Games (YGG) will unlock native tokens for a total of $120 million, with $100 million in AVAX.<\/p>\n","protected":false},"author":1,"featured_media":83366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Major unlocks include $100 million in AVAX.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1413,1387,1258],"class_list":["post-83365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-avalanche-avax","tag-lido","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"Major unlocks include $100 million in AVAX.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=83365"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83365\/revisions"}],"predecessor-version":[{"id":83367,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/83365\/revisions\/83367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/83366"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=83365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=83365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=83365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}