In the coming week, over $5 million in crypto tokens are set to be unlocked, including assets such as SUI, OP, ZETA, KAS, DYDX, and ENA. The first release involves SUI, where $263.20 million in tokens, representing 2.19% of its circulating supply, will be unlocked soon. Following closely, Optimism (OP) will see $58.61 million worth of tokens, or 2.32% of its total supply, unlocked within hours. Zeta Chain (ZETA) will release $31.22 million, accounting for 9.35% of its supply, during this same period.
Significant token unlocks expected this week include $267.7 million for SUI, OP with $58.6 million, ZETA at $32.2 million, AI with $14.7 million, DYDX at $13.0 million, and ENA with $12.0 million. Additionally, other projects like dYdX will release $12.75 million in tokens, which represents 1.17% of its supply, and Ethena (ENA) will unlock $12.73 million, or 0.44% of its supply.
Kaspa (KAS) tokens worth $21.39 million, comprising 0.72% of its circulating supply, will also be unlocked within six days. These releases often affect the market by increasing the circulating supply, potentially impacting prices, trading volumes, and liquidity. Kaspa, which uses the GHOSTDAG consensus protocol, aims to facilitate high-throughput financial applications with its scalable and secure framework.
Token unlocks usually pertain to the planned release of previously locked tokens, often allocated to early investors and project teams, which increase circulating supply and can affect prices if market demand doesn’t match the influx. While substantial unlocks might suggest selling pressure and influence short-term prices negatively, they may also drive ecosystem growth by funding development or encouraging participation. Investors typically keep an eye on these events to anticipate price shifts and adjust strategies accordingly.
