This week, the cryptocurrency market is expected to see significant activity. Twelve different cryptocurrencies will release their locked supplies worth around $300 million in total. This situation is causing concern among investors as it could lead to increased selling in the market. Three projects stand out among these 12 projects, which will release more than $220 million worth of tokens. SUI$SUI

Investors in projects like Coin need to be careful and remain alert to possible price pressures.

What does it mean to release locked tokens?
The cryptocurrency market has undergone major changes over the past few years, largely driven by venture capitalists (VCs) and vesting agreements. While such agreements prevent investors from selling their tokens for a certain period of time, the tokens that are released over time can create significant price pressures in the market. Especially large releases can disrupt the supply-demand balance, causing prices to fall. The total amount of tokens to be released in the next seven days will be approximately $291.59 million, with 75% of these tokens coming from just three projects: Sui (SUI), Optimism (OP), and ImmutableX (IMX). This data is sourced from the TokenUnlocksApp platform and tracks the release dates of locked tokens.

A large amount will be released for Sui coin
One of the most notable token releases will be carried out by the Sui (SUI) coin project. Sui will release 64.20 million SUI tokens on October 1, which is worth $105.28 million at current prices. This amount makes up 36% of the tokens that will be released throughout the week and represents 2.4% of Sui’s circulating supply. The majority of Sui tokens are allocated to Series A and B private investors. These investors may make strategic moves to sell their tokens and cash out their early investments. Additionally, 39% of the released tokens will be transferred to the Mysten Labs Treasury, which suggests that a significant amount of SUI tokens could enter the market and could lead to a possible drop in prices.

OP and IMX tokens are also released
Apart from Sui, Optimism (OP) and ImmutableX (IMX) projects will also release significant amounts of tokens this week. Optimism will release 31.34 million OP tokens on September 30, which is worth around $57 million. Similarly, ImmutableX will release 32.47 million IMX tokens on October 4, which will also have a value of $57 million. Both projects will divide the tokens they will release into two main groups. Optimism will distribute tokens between “Core Contributors” and “Investors,” while ImmutableX will use its tokens for “Ecosystem Development” and “Project Development.” The entry of these tokens into the market could create short-term price pressure for existing investors and traders.