This week, crypto investors are anticipating the unlocking of tokens worth over $263 million. This event could significantly impact the market. Let's take a closer look at the seven most substantial unlocks.
Sui (SUI) Unlock
On April 1st, over 80 million SUI tokens will be unlocked, representing 0.8% of the total supply. So far, 31.7% of the supply has been unlocked. The unlock amount is over $179 million, or 2.51% of the fully diluted market cap of the token at $396 million. SUI is currently trading at $2.24, with a market cap of $7.1 billion, down by over 5%.
Ethena (ENA) Unlock
On April 2nd, over 94 million ENA tokens will be unlocked, representing over 0.6% of the total supply. So far, over 35% of the supply has been unlocked. The unlock amount is more than $32 million, or almost 1.8% of the fully diluted market cap of the coin at $8.23 billion. ENA is trading close to $0.35, with a market cap of $1.84 billion, down by 4% in the past 24 hours.
Optimism (OP) Unlock
Today, over 32 million OP tokens will be unlocked, or 0.75% of the total supply. 34% of the supply has been unlocked so far. The unlock amount is over $23 million or almost 2% of the fully diluted market cap of the token at $525 million. OP is down by almost 4% today, and the coin is trading above $0.73 with a market cap of over $1.18 billion.
These token unlocks are important events as they can trigger buying or selling pressure for the tokens. Investors and traders will closely monitor market movements and make decisions based on the price fluctuations of these tokens.
