$TAO and $SUI Among Tokens Facing $513M in Unlocks This Week

More than $513 million worth of tokens are set to be unlocked between September 8 and September 15, with several major projects preparing for big supply increases. Both one-time cliffs and daily linear unlocks are on the schedule, which could bring extra volatility to the market.

Aptos ($APT) has one of the largest cliff unlocks, with 11.31 million tokens hitting the market, worth around $48.18 million. That’s about 2.2% of its circulating supply. Token S ($S) will release 150 million tokens valued at $45.64 million, equal to just over 5% of its supply.

Other tokens with significant cliff unlocks this week include Starknet ($STRK) with $15.7 million, CONX with $38.7 million, IO with $13.3 million, and PEAQ with $5.5 million. BANANA, MOVE, and BB are also on the list, each unlocking between $6 million and $10 million worth of tokens.

Daily Linear Unlocks

Several projects are also releasing tokens on a daily basis, each worth more than $1 million per day. Solana ($SOL) leads the group with 502,930 tokens worth $103.98 million set to be released. While the dollar value is high, it only represents 0.09% of its total supply.

Worldcoin ($WLD) will release 37.23 million tokens worth $40.95 million, while Dogecoin ($DOGE) is set for 96.54 million tokens valued at $21.82 million. Sui ($SUI) has a release of 3.01 million tokens worth $10.15 million, and TAO ($TAO) will unlock 34,140 tokens valued at $8.31 million. Avalanche ($AVAX), DOT, NEAR, ETHFI, TIA, Morpho, IP, and JTO also have steady unlocks scheduled throughout the week.

Outlook

The combined value of this week’s unlocks tops half a billion dollars, a large amount of potential supply entering the market. Unlocks of this size often create short-term selling pressure, especially for tokens where the release makes up a bigger share of circulating supply.

For $TAO and $SUI, the upcoming releases are moderate in size, but traders will be watching closely to see if recipients decide to sell into the market or hold.

Read also: Did Tether Sell Bitcoin for Gold? Paolo Ardoino Shuts Down the Rumors

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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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