August 2023 has seen a significant reduction in the volumes of token unlocks in the crypto market. It is expected that token unlock volumes will drop to $3 billion, nearly half of July's levels.
General Trends in Token Unlocks
The volume of token unlocks in August is expected to be around $3 billion, a 52% decline from July's over $6 billion. Despite the significant downturn, this does not indicate a sustainable trend towards market calm.
Key Tokens to Watch
Among the tokens drawing the most attention in August are Sui, Fasttoken, Aptos, Avalanche, and Arbitrum. Sui kicks off August with $167.62 million in unlocks. Considering that only 34.5% of its total supply is in circulation, this could lead to notable selling pressure.
Changing Approaches to Token Unlocks
Despite the overall decrease in unlock volumes, certain tokens like Starknet and Kaito remain closely monitored. Their market depth might trigger significant fluctuations post-unlock. Analysts note that projects are now more judicious in planning unlocks based on market signals and strive for improved compliance within legal and institutional frameworks.
Thus, the drop in token unlock volumes does not signal a definitive stabilization in the crypto market but rather indicates shifts in strategies managing access to tokens in light of analytical forecasts and market realities.
