Press Enter to search · ESC to close

Crypto DeFi

YZY Token Unlock Releases 29.17M Tokens, Nearly 10% of Circulating Supply

Kanye West’s YZY token is unlocking 29.17 million tokens this week, worth about $8.4 million and equal to nearly 10% of its circulating supply. Starknet is also releasing 130 million tokens, valued at roughly $5.01 million. Starknet is an Ethereum Layer 2 that uses zk-STARKs to speed up transactions and lower fees.

Original source

AI take

A single-week unlock equal to nearly a tenth of YZY's circulating supply is the kind of supply shock that tends to dominate price discovery regardless of narrative, and pairing it with Starknet's much larger but proportionally smaller release shows how differently unlock math lands across token designs. The YZY figure is the one worth watching: celebrity-linked tokens typically carry thin float and concentrated conviction, so absorption of this tranche will be the clearest read yet on whether demand is organic or headline-driven. Whether the unlocked supply is held or distributed is the open question.

Generated by AI for reference only.

Share

Related News

TREE NEWS share card
Long-press image above → Save to Photos / Share
Pitch us Feedback