The post Over $1.5 Billion in Tokens Set for Unlocking: TIA, SUI, SOL, and More This Week appeared first on Coinpedia Fintech News
Over $1.5 billion in crypto tokens is set to flood the market this week, led by major unlocks for TIA, SUI, MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc. which will see huge amounts added to their circulation.
Alongside these large unlocks, gradual releases are also planned for SOL, WLD, AVAX, DOGE, and others. With all these tokens flooding in, investors are left wondering: will this lead to quick price drops, and should they hold or sell?
TIA and SUI Lead the Unlocking of Events
Among the notable unlocks TIA will release an impressive $923.42 million worth of tokens into the market, accounting for roughly 81.68% of its current circulating supply. This sizable unlock may influence TIA’s market price and trading activity.
According to Tokenomist, the single large-amount unlocking of more than $5m in the next 7d includes TIA SUI MEME OP IMX ZETA TRIBL DYDX GAL ADA AGI, etc., and the linear large-amount unlocking in the next 7d includes SOL WLD TAO AVAX DOGE SEI NEAR DOT BEAM FIL SUI, etc. The total… pic.twitter.com/jAW3pvYp9A
— Wu Blockchain (@WuBlockchain) October 28, 2024
Following TIA, SUI is set to unlock 64.19 million tokens, valued at approximately $111.06 million, representing around 2.32% of its circulating supply. While SUI’s unlock may be smaller in percentage compared to TIA, releasing such a large quantity of tokens could still influence SUI’s market price and liquidity.
Other tokens like MEME, OP, IMX, ADA, and AGI are also set for release this week, adding to the market’s supply.
Linear Unlocks for SOL and WLD
Beyond the single large unlocks, additional “linear” unlock events — gradual releases over time — are lined up for SOL, WLD, TAO, AVAX, DOGE, SEI, NEAR, DOT, BEAM, and FIL.
Solana (SOL), for instance, will release 524,000 tokens worth roughly $92 million, which is about 0.1% of its current circulating supply.
Followed by Woldcoin (WLD) also features prominently in the upcoming unlocks, with 37.23 million tokens set to be released, valued at $75.20 million and accounting for 6.45% of its circulating supply.
How Will These Unlocks Impact the Market?
As these tokens enter the market, prices and trading volumes could see shifts due to increased supply. Large unlocks may influence buying or selling trends, while smaller unlocks like SOL and WLD might lead to smaller adjustments.
With more tokens entering circulation, investors may experience short-term volatility in these assets.
