This week, over $1.57 billion in tokens are set to unlock in the crypto market, potentially impacting prices and investor sentiment.
Token Unlocks from TRUMP and Others
Among the cryptocurrencies scheduled for unlocks this week is the TRUMP memecoin. In the next seven days, 90 million TRUMP tokens will be unlocked, accounting for approximately 45% of its total supply. This influx of tokens may lead to increased market supply and price volatility. As of now, TRUMP is trading at $9.43, which is down 3.08% over the last 24 hours, though it has risen 9.28% over the past week.
Unlocks from Arbitrum and Other Projects
Other cryptocurrencies, such as Arbitrum (ARB), SEI, and Starknet (STRK), are also preparing for token unlocks. ARB will unlock 92.6 million tokens, SEI will release 55.56 million, and STRK will unlock 127 million tokens. These unlocks are expected to exert short-term pressure due to increased liquidity.
Impact of Unlocks on Solana Prices
Solana (SOL) will conduct a linear unlock of tokens worth around $75.8 million, releasing approximately $11 million per day over the next week. Linear unlocks provide a steady and predictable token release, helping to mitigate sharp price fluctuations. Currently, SOL is trading at $164.3, marking a 1.32% increase in the last 24 hours.
The upcoming token unlocks in the cryptocurrency market this week are likely to significantly influence market behavior, creating both volatility and shifts in investor sentiment.
