• Tokens worth $347M set to unlock between July 29 – August 4, 2024.

  • Top unlocks are W ($171.72M), OP ($54.53M), SUI ($48.98M).

  • Market brace for potential liquidity shifts and price volatility.

The crypto market is bracing for a potential shakeup as over $347 million worth of tokens are scheduled to enter circulation between July 29 and August 4, 2024.

According to data from Token Unlocks, a substantial amount of tokens are set to be released, including W ($171.72 million), OP ($54.53 million), and SUI ($48.98 million), which represent the largest portions of the upcoming supply.

🔓 Weekly Cliff Unlocks : 29-4 August 24 🔓🔥 $ 347.28m 🔥🌟 Unlock Highlights 🌟$W (33.33%) – $171.72m$OP (2.79%) – $54.53m$SUI (2.56%) – $48.98m$ZETA (18.92%) – $33.69m$GAL (3.52%) – 14.81m$DYDX (3.65%) – $10.58m$ENA (0.87%) – $6.58m..( % of cir. supply) pic.twitter.com/IZe9lOUYaN

— Token Unlocks (@Token_Unlocks) July 26, 2024

Specifically, the VC-backed project W plans to release $171.72 million, accounting for 33.33% of its circulating supply. Similarly, the OP token will unlock $54.53 million, representing 2.79% of its circulating supply. The SUI token is slated to unlock $48.98 million, or 2.56% of its circulating supply.

Other significant unlocks include ZETA, with $33.69 million (18.92% of its circulating supply) being released, GAL with $14.81 million (3.52%), DYDX with $10.58 million (nearly 3.6%), and ENA with $6.58 million (0.87%).

The percentage of the total supply being unlocked varies significantly across tokens. TOKE will have 84.42% of its supply unlocked, TECH 85.71%, IMNC 36.69%, OP 27.37%, ZETA 13.47%, SUI 25.13%, DYDX 56.77%, 1INCH 85.71%, W 19.97%, ENA 8.75%, FORT 46.1%, and LOTT 91.53%.Overall, the impact of these unlocks could be substantial, affecting liquidity and market supply, and potentially leading to price fluctuations. Market participants are advised to closely monitor these events as they unfold, considering their potential to significantly influence market dynamics and investor sentiment.

The post Upcoming Token Unlocks: A Closer Look at W, OP, SUI, and More appeared first on Coin Edition.