Upcoming Token Unlocks: A Closer Look at W, OP, SUI, and More
- 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.
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.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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