$484M in Token Unlocks Set to Hit Crypto Market—SUI, ENA, OP, KNMO Lead

Sean Williams
Crypto-Market

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Key Takeaways:

  • $484M in token unlocks scheduled between June 30 and July 7.
  • SUI leads with a $125M unlock; NEON’s 22.5% release raises flags.
  • Smaller-cap tokens like ETHFI and SEI face higher volatility risk.

The Crypto market is on high alert this week as over $484 million worth of tokens are Set to be unlocked between June 30 and July 7. This marks a nearly twofold increase from the previous week’s $250 million in unlocks, raising concerns about increased volatility, particularly among low-cap altcoins.

Large scheduled releases from tokens like SUI, ENA, OP, KNMO, ZETA, and NEON could introduce significant supply-side pressure, with implications for both short-term price movements and broader investor sentiment.

Major One-Time Unlocks: SUI, ENA, and NEON Lead

Among the largest one-time unlocks this week, SUI tops the list with a $125.39 million release, which represents just 1.29% of its total supply. While a small relative percentage, the sheer dollar value makes it significant.

ENA and KNMO follow with $58.12 million and $14.01 million in upcoming releases. Notably, KNMO’s unlock represents 10.41% of its total supply, making it a potentially disruptive event for holders.

Meanwhile, NEON will unlock $5.52 million in tokens—less in dollar terms but highly impactful as it constitutes 22.51% of its circulating supply. Other tokens like OP and ZETA also have unlocks exceeding $5 million each.

Daily Unlocks from SOL, TRUMP, and DOGE Could Add Pressure

Daily token unlocks continue to flow from high-profile projects. Solana (SOL) is unlocking around $70 million in tokens this week, though this accounts for just 0.09% of its supply and is unlikely to rattle the market on its own.

However, Worldcoin (WLD), TRUMP, and TAO may see sharper price impacts, with unlocks valued at $34 million, $31 million, and $17 million, respectively. Other notable daily releases include DOGE ($16M), AVAX ($12.9M), TIA ($10.4M), and SUI ($9.5M)—all of which could add cumulative selling pressure.

Sui Price Chart - CMC Data
Source: CMC Data

Low-Cap Tokens Carry Higher Volatility Risk

Smaller projects such as MORPHO, ETHFI, and SEI are unlocking up to 2% of their total supply, posing outsized risks due to their lower market capitalization. These relatively high percentages make their token prices especially sensitive to unlock events.

Also Read: Bitcoin Price Dips Below $107K as Crypto Market Loses Momentum

Last week’s unlocks from BLAST (55%), ACX (80%), and SOON (21%) serve as a cautionary tale, with each triggering potential sell-offs due to overwhelming supply increases.

As token unlocks climb to nearly half a billion dollars this week, investors should brace for possible market tremors. Lower-cap tokens with large percentage releases are especially vulnerable, while daily unlocks from high-volume projects may contribute to a more subtle but sustained pressure.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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