$549M in Token Unlocks Set for This Week

Major token unlocks worth over $549M are coming this week, including SUI, OP, AVAX, and DOGE. Hereโ€™s what to know.

  • $549 million in token unlocks expected in 7 days
  • Major unlocks for SUI, BIO, OP, DYDX, and more
  • Daily linear unlocks exceed $1M for SOL, WLD, DOGE

Crypto markets are bracing for a wave of token unlocks this week, with over $549 million worth of tokens set to be released into circulation. This development could impact market dynamics, especially for projects experiencing large single or continuous unlocks.

Which Tokens Are Unlocking?

According to Tokenomist, major unlock events exceeding $5 million will occur for the following projects:

  • SUI
  • BIO
  • Optimism (OP)
  • KMNO
  • ZETA
  • ALT
  • VENOM
  • REZ
  • dYdX (DYDX)

These large unlocks could introduce short-term volatility, especially if token holders decide to sell immediately after receiving their tokens.

Continuous Linear Unlocks Worth Noting

In addition to single large releases, several projects will undergo linear unlocks exceeding $1 million per day:

  • Solana (SOL)
  • Worldcoin (WLD)
  • Celestia (TIA)
  • Dogecoin (DOGE)
  • Bittensor (TAO)
  • Avalanche (AVAX)
  • SUI (again)
  • Polkadot (DOT)
  • Impossible Finance (IP)
  • Morpho
  • NEAR Protocol
  • Ether.fi (ETHFI)
  • Jito (JTO)
  • Filecoin (FIL)

Linear unlocks can have a more subtle yet consistent influence on the market as supply gradually increases over time.

What This Means for Investors

The upcoming $549 million influx of tokens into the market is significant and could affect prices across multiple altcoins. Traders and investors should monitor token-specific unlock schedules and prepare for potential market movements. In some cases, unlocks might signal selling pressure, while in others, they could be neutral depending on investor behavior and project fundamentals.

Read Also :

Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

Related Articles

Back to top button