In the last week of August, the crypto market will witness significant token unlocks, which may affect prices and liquidity. Leading the charge are tokens SUI and Jupiter.
Unlock of SUI and Jupiter Tokens
The SUI token will release 44 million tokens worth $159.26 million. This unlock will impact 1.25% of the total unlock supply scheduled for the current period. The Jupiter token is set to release 53.47 million tokens valued at $26.96 million, representing 1.78% of its unlock supply.
Linear Unlock Schedules
In the linear unlock category, Solana leads with 506.47K tokens worth $102.80 million being distributed over the week. This only affects 0.09% of its circulating supply. Meanwhile, DOGE's unlock distributes 96.54 million tokens valued at $21.79 million, impacting only 0.06% of its total supply.
Progress of Unlocking Smaller Projects
According to CoinMarketCap data, Orderly leads in the smaller unlock category with a market cap of $43.67 million and 252.12 million tokens in circulation, achieving a 30.60% unlock progress. Elumia Crowns has reached 95.28% unlock progress with 866.62 million tokens.
The scheduled unlock of tokens totaling $620 million demonstrates a variety of approaches to asset distribution. This situation is expected to impact the market, possibly exerting additional price pressure in the coming days.
