#GODINDataForAI The cryptocurrency community is preparing for a major token unlock: from November 25 to December 1, 2024, crypto assets worth more than $475.5 million will enter the market.
The largest unlock is waiting for the Sui token ($SUI
). On December 1, the market will be replenished with assets worth $231.74 million, which is equal to 2.26% of the total token supply.
SUI has been attracting the attention of investors lately, as the token has become one of the most profitable crypto assets during the current bull market. Over the past 30 days, SUI has grown by 90% and by 571% since the beginning of the year.
Another significant event for the crypto community will be the unblocking of Optimism tokens ($OP
) for $64.56 million. On November 30, about 2.5% of the total OP volume will enter circulation. These assets will be distributed among the founders, members of the project team and private investors.
The third largest unlock is waiting for the #ZetaChain token (ZETA). On December 1, 10.41% of the total asset supply (about $35.90 million) will appear on the market. These funds will be used for community development and marketing, and part of the assets will go to the founders, team members and consultants. Such a significant influx of ZETA may affect the exchange rate of the asset, which has fallen by 10% in recent weeks.
On November 19, Immutable ($IMX
) will issue tokens worth $33.83 million, which is 1.47% of their total amount. On November 30, the 1INCH team will unlock assets worth $33.67 million (7.72% of the total).
Cardano (ADA) will conduct two unblocks totaling $32.68 million (0.10% of the total) on November 26 and December 1. Finally, on December 1, DYDX plans to issue assets worth 10.83 million (1.19% of its offer).