Massive $790M Token Unlock This Week: Sui and Solana in Focus

Celestia, Sui, Aptos Lead October's $1.3 Billion Token Unlock Season —How Will It Affect the Market?
Table of Contents

TL;DR

  • Between January 27 and February 3, more than $790 million in tokens will be unlocked, with SUI at $256.14 million and Solana at $111.12 million standing out.
  • Solana and Dogecoin’s linear unlocks represent marginal increases in their supplies.
  • Projects like Zeta and Sleepless AI will have smaller unlocks, but they will account for between 7% and 14% of their circulating supplies.

Between January 27 and February 3, over $790 million worth of tokens will be unlocked, which could impact the market dynamics. The projects involved vary in both the amount of funds released and the percentage they represent of their circulating supply.

The most important unlock is that of Sui (SUI), which will release 64.19 million tokens valued at $256.14 million, equivalent to 2.13% of its current supply. This makes it the largest event during this period. Optimism (OP) follows with 31.34 million, estimated at $45.45 million, which will increase its supply by 2.32%.

tokens post

Regarding linear unlocks, Solana (SOL) will release 465,770 SOL, worth $111.12 million, although they represent only 0.10% of its supply. Worldcoin (WLD) will add 37.23 million coins to its circulation, valued at $77.43 million, representing a 3.92% increase. Dogecoin (DOGE) will also participate in the event, with an unlock of 96.08 million DOGE, worth $31.63 million, though its impact is smaller, affecting only 0.07% of its supply.

Token Unlock of Smaller-Scale Projects

Among the smaller-scale projects is Zeta (ZETA), which will release 44.26 million tokens valued at $19.45 million, and Sleepless AI (AI), which will circulate 18.21 million coins worth approximately $8.88 million, representing 6.98% and 14.01% of their respective supplies.

tokens unlock post

Other relevant projects include Avalanche (AVAX), which will release 700,000 coins worth $24.63 million, and Polkadot (DOT), with 2.81 million units equivalent to $16.80 million.

These types of events increase the available supply in the market, which could generate volatility depending on the demand for each asset. Larger unlocks, like those of SUI and Solana, have the potential to significantly influence market movements, while smaller projects may experience more localized changes

RELATED POSTS

Ads

Follow us on Social Networks

Crypto Tutorials

Crypto Reviews