Crypto holders are on alert as key unlock events are expected across several major assets in the coming days and months. According to an update from Crypto Stream, SUI, ONDO, and other tokens are set for substantial unlocks.
These unlocks could potentially impact their prices and market behavior. Besides, they are scheduled within the next seven days, 30 days, and six months.
What you'll learn 👉
Upcoming Unlocks: SUI, ONDO, and Others
The tweet by Crypto Stream highlighted the upcoming cliff unlocks over several timeframes. Within the next week, SUI is set to unlock $108 million worth of tokens, while other tokens like OP and ZETA will also experience substantial unlocks.
In the next 30 days, tokens like NEON, MODE, and TAIKO will have unlocks, with NEON set to release $20 million. However, the most substantial token unlocks will occur within the next six months, including a massive $1.54 billion unlock for ONDO and $654 million for SUI.
These unlocks are anticipated to impact the circulating supply of these tokens, which could lead to changes in price. While some worry about potential sell-offs, others believe these unlocks may offer opportunities for growth in the long term.
Market Sentiment on SUI and Its Emissions
As SUI prepares for the upcoming unlocks, market sentiment remains mixed. According to the tweet, the current market cap of SUI is nearing its all-time high, and the price still appears to be holding strong.
Despite the upcoming emissions, some believe that SUI has the potential to maintain its momentum and continue winning in the market. However, the possibility of a tipping point remains, where the influx of unlocked tokens may trigger a reversal in the token’s price.
The tweet also raises the question of whether SUI will be able to sustain its hype in the face of these emissions. As more tokens enter the circulating supply, the market’s response will be crucial in determining SUI’s future price movement.
ONDO’s January Unlock: A Potential Game Changer?
Another token mentioned in the tweet is ONDO, which will see a massive $1.54 billion unlock in January. The tweet suggests that while most of this supply will flow to the project’s treasury, this could be bullish for the token.
However, there is also concern about how the ecosystem allocation could be used. This is with some suggesting that projects have used such allocations to cash out.
The future of ONDO depends on how the project manages these funds. With a large portion going towards ecosystem growth and protocol development, the potential for sustainable growth exists.
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The Situation Surrounding TIA
The tweet also touches on the current situation with TIA, which raised an additional $100 million just days ago. While this may seem like a bullish sign, concerns have been raised about the transparency of the fundraising announcement.
The tokens may unlock in October, which could catch some investors off guard. While nothing has been confirmed, the situation reminds investors to stay cautious, particularly when holding tokens like TIA.
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