Over $475.5 million in tokens, including SUI, OP, and ZETA, will unlock next week.
SUI leads with a $231.74 million unlock, representing 2.26% of its circulating supply.
ZetaChain (ZETA) faces a 10.41% unlock, potentially impacting its price stability amid a bearish trend.
The crypto market is bracing for a significant wave of token unlocks, with over $475.5 million worth of tokens set to be released from November 25 to December 1, 2024. This unlocking spree is coming amid the ongoing crypto market bull run and can stir market sentiment for the affected tokens.
SUI Leads with a $231.74M Unlock
At the forefront is SUI, with a massive $231.74 million unlock scheduled for December 1, representing 2.26% of its circulating supply. This release, earmarked for private investors, founders, and the community, is the largest of the week.
Notably, SUI has been one of the best-performing crypto assets during the current bull run. Trading at $3.56, SUI has gained 90% over the past 30 days and 571% over the last year. As a result, market observers are closely watching how the increased supply will impact SUI’s price trajectory.
Optimism (OP) and ZetaChain (ZETA) …
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