Yield Guild Games (YGG) will release 14.08 million YGG tokens into the market today, March 27. This represents 3.28% of the total supply and is worth about $3.02 million, based on the current price of $0.2141 per token, assuming it holds steady.
After this unlock, 23.29% of the total YGG supply—around 232.92 million tokens— will remain locked, and unlocked tokens make up 76.71% of the circulating supply, about 767.08 million tokens. The event is set to take place at 2:00 PM UTC today.
YGG holds the title of the first and biggest Web3 gaming guild, designed to connect players with communities, introduce them to games, and help them thrive in the Web3 world. It functions as a network of gaming guilds, offering players ways to earn rewards and establish their on-chain presence through programs like Superquests and the Guild Advancement Program.
Originally launched in the Philippines, Yield Guild Games (YGG) has expanded into a worldwide operation, partnering with more than 80 blockchain games and infrastructure projects to support the growing web3 gaming ecosystem.
Currently, the YGG token boasts a market capitalization of $93.51 million, with a 24-hour trading volume of $15.17 million. In the last day, its price has increased slightly by 0.56%. That said, significant token unlocks like the one happening now often lead to selling pressure.
Also Read: Hyperliquid’s HYPE Token Price Drops 16% After Jellyjelly Fiasco
