The cryptocurrency market is preparing for an active week as more than $620 million worth of tokens are scheduled to be unlocked. This event may significantly impact the market.
Major Tokens for Unlock
From August 25 to September 1, the following tokens are expected to be unlocked:
- **SUI (Sui):** 44 million tokens, which is 1.25% of the total supply, approximately $159.26 million. - **JUP (Jupiter):** 53.47 million tokens, which is 1.78% of the total supply, approximately $26.96 million. - **OP (Optimism):** 31.34 million tokens, which is 1.90% of the total supply, approximately $23.91 million. - **KMNO (Kamino):** 229.17 million tokens, which is 6.81% of the total supply, approximately $13.70 million. - **HUMA (Huma Finance):** 337.92 million tokens, which is 23.38% of the total supply, approximately $9.84 million. - **VENOM (Venom):** 59.26 million tokens, which is 2.34% of the total supply, approximately $8.75 million. - **SOPH (Sophon):** 267.51 million tokens, which is 12.94% of the total supply, approximately $8.74 million. - **ZETA (ZetaChain):** 44.26 million tokens, which is 4.55% of the total supply, approximately $8.52 million. - **ALT (AltLayer):** 240.10 million tokens, which is 6.01% of the total supply, approximately $8.44 million. - **SAHARA (Sahara AI):** 84.27 million tokens, which is 3.97% of the total supply, approximately $7.23 million. - **REZ (Renzo):** 448.70 million tokens, which is 11.36% of the total supply, approximately $6.08 million.
Large Unlocks
In addition to the aforementioned tokens, the following large unlocks are noteworthy:
- **SOL (Solana):** 506.47 thousand tokens, which is 0.09% of the total supply, approximately $102.80 million. - **TRUMP (Official Trump):** 4.89 million tokens, which is 2.45% of the total supply, approximately $41.96 million. - **WLD (Worldcoin):** 37.23 million tokens, which is 1.98% of the total supply, approximately $35.56 million. - **DOGE (Dogecoin):** 96.54 million tokens, which is 0.06% of the total supply, approximately $21.79 million.
Market Impact
The release of large amounts of crypto tokens typically leads to an increase in the circulating supply. This can create significant selling pressure, which often results in short-term price declines. Investors are paying close attention to such events amid the volatile state of the cryptocurrency markets.
The upcoming token unlock events have the potential to influence price dynamics in the crypto market. Investors should attentively monitor these developments to make informed decisions.
