This week, several major crypto projects will be unlocking tokens, including Optimism, which will release 154.6 million OP tokens worth around $255 million. This is the first major unlock for the core contributors and investor groups, and the schedule will release 4.7 billion coins linearly until August 2026.

While token unlocks usually dilute the supply and put downward pressure on prices, the crypto market has gained 2.8% on the day, reaching a three-week high of $1.21 trillion, driven by the U.S. government's agreement on a deal to suspend the debt ceiling.