The period from August 25 to August 31 presents a challenging time for the crypto market with token unlocks exceeding $998 million. Key assets entering circulation could have a pronounced impact on market prices.
Token Unlock Schedule
Scheduled token unlocks include Sui (SUI), Optimism (OP), Jupiter (JUP), and Huma Finance (HUMA). According to Tokenomist, the total unlock amount is expected to be around $185 million from one-time cliff unlocks and about $813 million from linear unlocks. Sui leads with $161 million worth of tokens, representing 1.2% of its supply. It is followed by Slash Vision Labs (SVL) which will release nearly 19% of its supply valued over $37 million.
Market Outlook
Investors are paying attention to HUMA, which set a new all-time low at $0.0254. Other unlock-bound tokens are also showing signs of strain, with Sophon (SOPH) down 9% over the past week, while Renzo (REZ) dropped almost 7% in the last 24 hours.
Cryptos on Investors' Radar
Solana is in the spotlight following comments from BitMEX co-founder. ETH has risen over 10% in the past weeks to just over $200. Dogecoin (DOGE) shows mixed signals as trading near $0.23 reflects a decline of over 4% in 24 hours. Analysts note a symmetrical triangle pattern on the charts with support at $0.22 and resistance at $0.25.
The nearly $1 billion in token unlocks over the coming week may create significant pressure on the crypto markets. Investors are remaining vigilant, monitoring price shifts and asset performance.
