A massive $267.7 million worth of SUI tokens will hit the market on January 1st.
$32.21 million worth of ZETA will also be unlocked on the same day.
A total of $420 million in altcoins will be released into the market this week.
The crypto market is bracing for a significant influx of tokens this week; $420 million to be exact, that includes Sui Network (SUI), Optimism (OP), ZetaChain (ZETA), Sleepless AI (AI), dYdX (DYDX), and Ethena (ENA) as token unlocks between Monday and Thursday. Meanwhile, Bitcoin (BTC) is struggling to break through the $100,000 mark.
According to data from Tokenomist, 64.19 million SUI (2.19% of the circulating supply) worth $267.7 million will hit the market on January 1st. This will be followed by 53.89 million ZETA (9.35% of the circulating supply) worth $32.21 million on the same day.
In addition, 31.34 million OP (2.32% of the circulating supply) worth $58.61 million will unlock on December 31st, along with $4.18 million worth of Galxe (GAL) tokens. Also on January 1st, 23.21 million AI tokens (17.85% of circulating supply) worth $14.72 million will be released, along with 8.33 million DYDX tokens (17.85% of the circulati…
The post Crypto Token Unlocks: $420M Worth of SUI, OP, ZETA Incoming appeared first on Coin Edition.
