The crypto market is set to experience a significant shake-up as token unlocks valued at over $1.543 billion flood the market this week, according to data from Tokenomist. This release marks one of the largest coordinated token unlock events in recent months, sparking interest and caution among traders and analysts. Spanning cliff and linear vesting schedules, these unlocks are led by prominent projects, including Celestia (TIA) and Solana (SOL), with varying impacts on circulating supplies and potential price movements.
Celestia (TIA) Leads Cliff Unlocks With $923 Million Release
Among cliff unlocks, Celestia (TIA) takes the lead with a staggering 180 million tokens set for release, valued at approximately $923.41 million. This unlock represents a massive 81.68% of TIA’s circulating supply, a release size that could exert substantial pressure on the token’s price in the near term. Analysts are particularly attentive to TIA’s cliff unlock, as the high volume could amplify volatility and potentially challenge current support levels.
Following Celestia, Optimism (OP) plans to unlock 31.34 million tokens worth $49.83 million, accounting for 2.5% of its supply. Immutable X (IMX) is also slated to release 32.47 million tokens valued at $43.19 million, further expanding the market’s supply of its token. These unlocks, though smaller than TIA’s, represent significant portions of each project’s circulating supply, which could still lead to adjustments in trading volumes and prices.
In addition to these, smaller but impactful cliff unlocks are scheduled from several other tokens. ZETA is releasing 54.89 million tokens worth $36.35 million, while TRIBL, DYDX, and GAL add to the list with releases valued at $13.72 million, $9.03 million, and $7.51 million, respectively. Cardano (ADA) and AGI are rounding out the cliff unlocks, though their scheduled releases are comparatively modest, valued at $6.29 million and $5.58 million.
Solana (SOL) and SUI Dominate Linear Unlocks
While Celestia heads up the cliff unlocks, Solana (SOL) leads the linear unlock schedule with 524,030 tokens worth approximately $92.19 million. This release accounts for 0.11% of SOL’s circulating supply, a relatively minimal percentage but still noteworthy given Solana’s high liquidity and market cap. This move follows a pattern among established blockchains like Solana, where linear unlocks help ease new tokens into circulation more gradually, theoretically minimizing price shocks.
SUI, another prominent project, follows with a significant unlock of 64.19 million tokens valued at $111.06 million. This release affects 2.32% of SUI’s circulating supply, likely impacting its price given the project’s substantial market presence and active trading community.
MEME, known for its unique position within the meme-coin space, is set to release a colossal 3.80 billion tokens valued at $50.91 million, which amounts to 13.14% of its supply. Meanwhile, Worldcoin (WLD) has scheduled a release of 37.23 million tokens worth $75.20 million, affecting around 6.45% of its circulating supply. With these high percentages, MEME and WLD are expected to see heightened activity as token holders and traders assess the potential for volatility.
Avalanche (AVAX) is also in the mix, with a planned release of 700,000 tokens valued at $18.04 million, followed by Dogecoin (DOGE) with 94.47 million tokens worth $13.40 million. SEI will join these projects, unlocking 35.20 million tokens at an approximate value of $13.05 million. Additional projects, including NEAR, DOT, BEAM, FIL, and an extra SUI release, complete this monumental unlocking event, with values ranging from $12.72 million to $7.15 million.
Market Impact – Caution and Opportunity
The substantial volume of unlocked tokens could introduce notable volatility, particularly for projects like Celestia, SUI, and MEME, which are releasing large portions of their circulating supply. Historically, token unlocks tend to lead to price declines as new supply enters the market, but they can also present buying opportunities for investors aiming to accumulate assets at potentially lower prices.
Also Read: Solana DEX Volume Surges 78% Over Ethereum As SOL Eyes $200 Amid Bullish Trend
With this week’s token unlock value significantly surpassing last week’s $407 million release, which was led by Metars Genesis (MRS), crypto traders and analysts are closely watching how these newly released tokens will impact the market.
As the $1.543 billion token unlock unfolds, investors are advised to stay vigilant. Projects with high unlock volumes, especially those with substantial percentages of their circulating supplies, may see increased volatility. This event serves as a reminder of the influence of tokenomics on price behavior, underscoring the need for strategic planning among crypto holders.
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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