Over $832 million worth of token unlocks, including SUI, OP, and SOL, are scheduled this week across multiple projects.
Single large-amount unlocks exceeding $5 million involve SUI, ZETA, and GAL.
Linear unlocks for SOL, AVAX, DOT, and more contribute to the total $832 million.
The crypto market is set for activity with over $832 million worth of token unlocks scheduled in the next seven days. According to data from Tokenomist, this unlocking event includes both single large-amount unlocks, and linear large-amount unlocks across various tokens. The event is expected to impact multiple projects, with some unlocking over $5 million in a single event.
Single Large-Amount Unlocks Exceed $5 Million
According to a recent post on the X platform by Wu Blockchain, the tokens scheduled for single large-amount unlocks in the upcoming week include SUI, OP, ZETA, KAS, AI, DYDX, ENA, AGI, MAV, and GAL, among others.
https://twitter.com/WuBlockchain/status/1873573692665643437
These projects are collectively expected to release tokens valued at more than $5 million each. This unlocking process could affect market activity, particularly for these individual tokens.
In addition to the single large-amount unlocks a range of tokens will see linear large-amount unlocks within the same period. These tokens include SOL, WLD, TIA, TAO, AVAX, DOGE, SEI, NEAR, DOT, SUI, FIL, ENS, JTO, and MOCA. The linear unlocks indicate a gradual release of tokens over time, contributing significantly to the total unlocking value.
Combined Unlocking Value to Exceed $832 Million
The combined value of these token unlocks is estimated to surpass $832 million. This substantial figure encompasses both categories of unlocking events. The process will introduce a significant number of tokens into the market, which may affect liquidity and trading dynamics across various projects.
The unlocking of tokens, particularly in large amounts, often leads to fluctuations in market activity. Analysts are monitoring these developments closely to assess the potential impact on liquidity, trading volumes, and token prices. The projects involved are expected to experience varying levels of market response, depending on the scale and timing of their unlocks.
This unlocking event reflects the broader trend of scheduled token releases as projects distribute tokens in alignment with pre-established timelines. With over $832 million at stake, this week’s unlocks are expected to be a key focus for traders and market participants.
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