The post $484M in Token Unlocks This Week: SUI, SOL, ENA, DOGE, TRUMP To Dip? appeared first on Coinpedia Fintech News
Over the next week (June 30 and July 7), the crypto market will see over $484 million in token unlocks, nearly double the amount from the previous week. This could lead to increased volatility, especially across lower-cap tokens.
The big one-time unlocks include SUI, ENA, OP, KNMO, ZETA, and NEON, with each releasing over $5 million in tokens. Meanwhile, daily unlocks of over $1 million from major projects like SOL, WLD, DOGE, TRUMP, AVAX, ETHFI, and more could put selling pressure on the market.
Big One-Time Unlocks to Watch
SUI will release tokens worth $125.39 million, the largest among all, which is just 1.29% of its supply. ENA and KNMO will unlock $58.12 million and $14.01 million, respectively. KNMO’s release makes up a significant 10.41% of its unlock supply.
NEON has the highest unlock percentage, releasing 22.51% of its total supply, though its dollar value is lower at $5.52 million. Other tokens like OP and ZETA will also see over $5 million in new supply entering circulation.
In the daily unlocks, SOL is releasing the most, about $70 million in value. But since it is just 0.09% of its total supply, the impact may be limited.
WLD, TRUMP, and TAO are also unlocking large amounts worth $34M, $31M, and $17M in value, which could affect their prices more noticeably. Other daily unlocks include DOGE ($16M), TIA ($10.4M), AVAX ($12.9M), and SUI ($9.5M).
Smaller Tokens Face Bigger Risk
Meanwhile, smaller tokens like MORPHO, ETHFI, and SEI are unlocking around 2% of their total supply. Since these are bigger percentages and the tokens are smaller in size, the unlocks could have a stronger effect on their prices.
Last week, over $250 million in token unlocks hit the market. Big one-time unlocks came from BLAST (55% of its supply), ACX (80%), and SOON (21%), which were all large enough to risk price drops.
There were also steady daily unlocks from major tokens like SOL, WLD, TIA, DOGE, and AVAX, many of which continue into this week. Token unlocks are much bigger this week. And with more high-percentage unlocks in smaller-cap tokens, we could see more price swings ahead.