September 2025 will see a wave of substantial token unlocks across some of the most closely followed crypto projects. According to data shared by analyst Crypto Patel, more than $500 million worth of tokens are scheduled to be released into circulation, raising the potential for increased market volatility.
The largest unlock belongs to Sui (SUI), with about $184.2 million in tokens (roughly 1.62% of its market cap) set to hit the market on September 1. This makes it the biggest single unlock of the month and one of the largest token releases of the year so far.
Another big one is Ethena (ENA), with $60 million in tokens scheduled for release on September 2. Aptos (APT) follows with a $47.8 million unlock on September 12, representing 1.65% of its market cap.
🔓📝 Major Token Unlocks Coming in September
— Crypto Patel (@CryptoPatel) August 30, 2025
Here are the Top 10 upcoming unlocks to watch this month:#SUI – $184.2M (1.62%) | Sep 1#ENA – $60.0M (1.42%) | Sep 2#JTO – $22.3M (3.05%) | Sep 7#APT – $47.8M (1.65%) | Sep 12#PUMP – $34.1M (2.83%) | Sep 14#SEI – $27.1M (1.58%)… pic.twitter.com/4zfReUbRTw
Other notable unlocks include:
• Arbitrum (ARB): $45.1M (1.75%) on September 16
• pump.fun (PUMP): $34.1M (2.83%) on September 14
• Sei (SEI): $27.1M (1.58%) on September 15
• Velo (VELO): $27.9M (11.4%) on September 17
• LayerZero (ZRO): $47.5M (10.3%) on September 20
• StarkNet (STRK): $15.9M (3.33%) on September 15
• Jito Labs (JTO): $22.3M (3.05%) on September 7
Why It Matters
Token unlocks tend to be double-edged swords. On the one hand, they add circulating supply, and that can cause selling pressure if demand does not catch up. On the other, they can also present long-term buyers with opportunities if prices fall short-term.
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On coins like Sui, Arbitrum, Aptos, and Sei, which are already heavily tracked among the altcoin crowd, these unlocks can play a huge role in short-term price movement. Of interest here is LayerZero (ZRO), where over 10% of its market capitalization will be unlocked at once, something that can potentially create big swings.
In total, September’s unlock calendar highlights the constant balancing act in tokenomics: rewarding early backers and team members while managing supply shocks for the wider market. With billions of dollars in value at stake, traders should expect extra volatility throughout the month
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