September 2025 will be a critical time for the cryptocurrency market, with over $500 million worth of tokens expected to unlock, which could lead to increased volatility.
Major Token Unlocks
The largest unlock is anticipated from Sui (SUI), with $184.2 million worth of tokens hitting the market on September 1, approximately 1.62% of its market cap. The second-largest unlock will take place from Ethena (ENA), with $60 million releasing on September 2.
List of Upcoming Unlocks
Here are the top ten upcoming token unlocks to watch this month:
- SUI – $184.2M (1.62%) | September 1
- ENA – $60.0M (1.42%) | September 2
- JTO – $22.3M (3.05%) | September 7
- APT – $47.8M (1.65%) | September 12
- PUMP – $34.1M (2.83%) | September 14
- SEI – $27.1M (1.58%) | September 15
- ARB – $45.1M (1.75%) | September 16
- VELO – $27.9M (11.4%) | September 17
- ZRO – $47.5M (10.3%) | September 20
- STRK – $15.9M (3.33%) | September 15.
Market Impact
Token unlocks tend to create a double-edged sword effect. They increase the supply of tokens in circulation, which could lead to selling pressure if demand does not keep pace. Conversely, they can provide long-term buyers with an opportunity if prices dip temporarily. This is particularly relevant for coins like Sui, Arbitrum, Aptos, and Sei, which are already under considerable scrutiny.
The token unlocks in September underscore the constant balancing act in tokenomics, where the interests of early supporters and team members must be weighed against managing supply shocks for the broader market. Traders should expect heightened volatility throughout the month.
