Solana, Dogecoin, Sui Among $773M in Major Token Unlocks Hitting the Market

According to data from Tokenomist and shared by WuBlockchain, the crypto market is about to see a heavy wave of token unlocks that could put pressure on prices. Between September 29 and October 6, major projects are scheduled to release large amounts of tokens, with the total value of these unlocks topping $773 million.

Large One-Time Unlocks

The biggest scheduled releases include SUI, ENA, EIGEN, OP, IMX, BIGTIME, KMNO, ZETA, and REZ, each with more than $5 million worth of tokens set to unlock.

  • SUI will free up 44 million tokens worth $143.86M, equal to 1.23% of its supply.
  • ENA is set for 212.5 million tokens worth $126.78M, or 3.24% of supply.
  • EIGEN will release 36.82 million tokens worth $68.59M, about 13.77% of supply.
  • Other notable releases include OP ($21.33M), IMX ($19.45M), BIGTIME ($16.07M), KMNO ($15.57M), ZETA ($7.41M), and REZ ($5.07M).

These one-time unlocks often create short-term selling pressure, as early investors and teams gain access to previously locked tokens.

Daily Linear Unlocks

In addition to the large cliff unlocks, several high-profile assets will see linear unlocks of over $1 million per day, spreading selling pressure across the week.

  • Solana (SOL) leads with 499.47K tokens worth $104.88M unlocking, equal to 0.09% of its circulating supply.
  • Other key projects include TRUMP ($37.41M), WLD ($49.14M), DOGE ($22.43M), IP ($21.25M), AVAX ($20.96M), ASTER ($18.82M), MORPHO ($7.35M), TIA ($11.53M), SUI ($9.85M), ETHFI ($13.56M), DOT ($9.18M), TAO ($7.73M), 0G ($7.33M), and NEAR ($8.30M).

These steady releases mean a daily flow of new tokens into the market, which can influence liquidity and price dynamics.

Still, the actual impact will depend on how much of the newly unlocked supply is sold immediately versus staked, reinvested, or held long term. For now, market participants are bracing for a busy week that could bring extra volatility across a wide range of major altcoins.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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