ASI, VENOM, YGG lead next week’s $48 million unlocks

• Token Unlocks has revealed $48.53 million worth of rock unlocks set for next week.
• VENOM will witness the biggest unlock worth $25 million.
• FET and AGIX will also add $5.6 million and $5.7 million worth of tokens respectively to their circulating supply.

Friday’s token unlock data revealed more tokens set for cliff unlocks totaling $48 million next week. ASI FET and AGIX tokens will also have a combined unlock of $11 million.

VENOM, YGG, ASI will witness the rock being unlocked next week

The crypto market is set for another round of supply injection next week, with releases in rocks totaling $48.53 million. Tokens adding to their circulation include Venom (VENOM), Yield Guild Games (YGG), SingularityNet (AGIX), Fetch.ai (FET), Athena (ENA), and Galxe (GAL).

Cliff unlocks are the periodic release of invested tokens to investors, team members, community members or other key stakeholders.

The highlight for next week’s unlocks is VENOM, which will unlock 235 million tokens worth $25 million. The following unlock represents 12.67% of Venom’s current circulating supply.

YGG will unlock $6 million, which will be distributed to the community, team and private investors.

Additionally, Artificial Super Intelligence (ASI) tokens AGIX and FET will be among the tokens, releasing $5.7 million and $5.6 million worth of their tokens to the market.

FET and AGIX posted gains last week following a proposal to include Cudos as a fourth member of the pact, subject to community approval.

Voting began on Thursday and will be open until September 24. If the community agrees to the proposal, CUDOS will begin merging with ASI.

Other tokens scheduled for unlocking next week include ENA and GAL, which will unlock $3.8 million and $983,000 respectively.