In the coming days, $484 million in token unlocks are expected, which may influence the cryptocurrency market. Analysts express concerns about increased selling pressure and potential price declines.
$484 Million in Token Unlocks
According to WuBlockchain, between June 30 and July 7, 2025, $484 million worth of tokens will be released into the market. Leading the list of major unlocks is the Sui blockchain, which plans to unlock 44 million SUI tokens valued at $125.39 million simultaneously. Next are Ethena (ENA) with $58.12 million and Optimism (OP) with $18.64 million. In daily linear unlocks, Solana tops the list with 465,770 SOL tokens, representing 0.09% of its circulating supply valued at approximately $70.79 million.
Market Expectations Amid Unlocks
Token unlocks are a deliberate mechanism within the tokenomics of cryptocurrency projects, involving the release of previously locked tokens into circulation based on a predetermined schedule. Typically, traders perceive unlocks as bearish near-term catalysts, anticipating selling pressure and volatility due to the influx of $484 million in token unlocks. However, linear token unlocks allow the market to absorb new supply over time, mitigating sharp price fluctuations and promoting long-term stability.
Price Movements of SOL, SUI, and DOGE
According to recent data, SOL is trading at $149.83, reflecting a 0.64% decrease over the last 24 hours. However, investor interest remains strong, with daily trading volume rising 17.04% to $2.8 billion. Similarly, DOGE's price has increased by 0.95% to $0.1656, with trading volume surging over 104% to $726.9 million. Only 0.06% of Dogecoin’s circulating supply is set for release. Meanwhile, SUI's price could face more volatility in the coming week with 1.29% of its circulating supply being unlocked.
The upcoming $484 million in token unlocks may impact the market. Short-term pressures and volatility remain pertinent, yet long-term factors may contribute to overall stability.
