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$484M in Token Unlocks This Week: SUI, SOL, ENA, DOGE, TRUMP To Dip?
As the cryptocurrency market continues to experience significant fluctuations, a substantial amount of token unlocks is expected over the next week. According to recent data, there will be nearly $484 million worth of tokens released, nearly double the previous week’s figure.
Notably, SUI will be releasing an enormous 125.39 million in value, accounting for just 1.29% of its supply. ENA and KNMO are also set to unlock $58.12 million and $14.01 million respectively, with KNMO’s release making up a considerable 10.41% of its unlock supply.
NEON is expected to see the highest unlock percentage, releasing 22.51% of its total supply worth $5.52 million. Meanwhile, OP and ZETA will also have over $5 million in new tokens entering circulation.
In terms of daily unlocks, SOL is set to release approximately $70 million in value, though it will only account for a tiny 0.09% of its overall supply. WLD, TRUMP, and TAO are also set to unlock significant amounts worth $34M, $31M, and $17M respectively.
It is crucial to note that smaller tokens like MORPHO, ETHFI, and SEI will be unlocking a substantial amount of their total supply, potentially resulting in a more pronounced impact on their prices.
Source: coinpedia.org
