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$686 Million in Token Unlocks Expected This Week: Key Projects to Watch
The cryptocurrency market is bracing itself for a significant surge of token unlocks, with over $686 million worth of digital assets set to be released across various projects. This influx of new tokens could have a substantial impact on the market’s dynamics and may lead to increased volatility.
At the forefront of these unlocks are major one-time cliff releases from prominent projects such as Sui, Jupiter, Ethena, Optimism, Kaimana, Sign, GPS, Zeta, and Rezolve. These large-scale token drops will undoubtedly affect market sentiment, potentially causing short-term fluctuations in price.
Sui takes the lead with an unlock of 44 million tokens, valued at approximately $189.6 million, which translates to around 1.27% of its total supply. This massive release is followed by Jupiter’s unlocking of 53.47 million tokens worth $32.1 million and Ethena’s 40.6 million tokens, totaling $26.6 million.
Optimism also makes an appearance with the unlock of 31.3 million tokens valued at approximately $22.9 million. Other notable cliff unlocks include Kaimana with 229 million tokens worth $13.6 million, and Sign unlocking 150 million tokens valued at a staggering $150 million (12.5%).
GPS will release a considerable amount of tokens, releasing 542 million, which represents 31.75% of its supply, despite the modest value of $11.6 million. Meanwhile, Zeta and Rezolve are also scheduled to unlock 44.2 million and 423.7 million tokens, respectively.
Furthermore, several projects will engage in daily linear unlocks, releasing significant amounts of tokens over the course of a week. Solana stands out with an unlock of about 465,770 tokens valued at $87.6 million. Trump is expected to release 4.89 million tokens worth $50.13 million, while Worldcoin and Celestia will unlock 37.2 million and 6.96 million tokens, respectively.
Other notable projects set to see weekly unlocks include Morpho, Ether.fi, Polkadot, Sei, The Internet Protocol, Jito, Near, Ethereum Name Service, and Filecoin, with daily unlock amounts ranging from $7 million to $13 million.
Last week, a significant wave of token unlocks occurred, with over $442 million worth of tokens being released. Major one-time releases came from Avail, Venom, AltLayer, Sahara, and Soon, while daily unlocks exceeding $1 million were observed on Solana, Worldcoin, TRUMP, Celestia, Dogecoin, Tao, Avalanche, Sui, and others.
As a result, investors and traders should remain vigilant and closely monitor the market to stay ahead of any potential price movements.
Source: coinpedia.org
