Top 10 Crypto Token Unlocks in August Tops $2.5 Billion
The post Top 10 Crypto Token Unlocks in August Tops $2.5 Billion appeared on BitcoinEthereumNews.com. The high crypto token unlocks in the coming weeks will likely weigh down on bullish sentiments. Renewed demand for altcoins by corporate investors could absorb the token unlock sales in August. Historical data shows most altcoins have recorded more negative August returns in the last decade. The cryptocurrency market is bracing for a significant liquidity event in August, with over $2.5 billion worth of tokens scheduled to be unlocked. These events, which release previously restricted tokens into the circulating supply, can create substantial selling pressure. According to an analysis by CryptoRank, Sui (SUI), Ethena (ENA), and Aptos (APT) lead the month’s largest unlocks by dollar value. August’s Major Token Unlocks The most significant token unlocks scheduled for this month include several high-profile projects. The data highlights the following key events: Sui (SUI): On August 1, 56.91 million SUI tokens, valued at approximately $210.4 million, will be unlocked for early investors. This represents 1.65% of the token’s market cap. Ethena (ENA): On August 2, 94.91 million ENA tokens, worth $55.32 million, will be released, accounting for 1.48% of its market cap. Aptos (APT): On August 12, 11.31 million APT tokens, valued at $49.75 million, are set to be unlocked, impacting 1.69% of the token’s market cap. LayerZero (ZRO): On August 20, a 24.68 million ZRO unlock, worth $43.81 million, is scheduled. This is particularly noteworthy as it represents a significant 22.2% of the token’s total market cap. Arbitrum (ARB): On August 16, 92.63 million ARB tokens, valued at $37.67 million, will enter the circulating supply. Other notable unlocks in August include tokens from pump.fun (PUMP) worth $28.3 million, Kaito (KAITO) worth $20 million, Jito Labs (JTO) worth $19.6 million, Starknet (STRK) worth $15.3 million, and Immutable (IMX) worth $13 million. What’s the Expected Market Impact? These significant unlocks are set to…
The post Top 10 Crypto Token Unlocks in August Tops $2.5 Billion appeared on BitcoinEthereumNews.com.
The high crypto token unlocks in the coming weeks will likely weigh down on bullish sentiments. Renewed demand for altcoins by corporate investors could absorb the token unlock sales in August. Historical data shows most altcoins have recorded more negative August returns in the last decade. The cryptocurrency market is bracing for a significant liquidity event in August, with over $2.5 billion worth of tokens scheduled to be unlocked. These events, which release previously restricted tokens into the circulating supply, can create substantial selling pressure. According to an analysis by CryptoRank, Sui (SUI), Ethena (ENA), and Aptos (APT) lead the month’s largest unlocks by dollar value. August’s Major Token Unlocks The most significant token unlocks scheduled for this month include several high-profile projects. The data highlights the following key events: Sui (SUI): On August 1, 56.91 million SUI tokens, valued at approximately $210.4 million, will be unlocked for early investors. This represents 1.65% of the token’s market cap. Ethena (ENA): On August 2, 94.91 million ENA tokens, worth $55.32 million, will be released, accounting for 1.48% of its market cap. Aptos (APT): On August 12, 11.31 million APT tokens, valued at $49.75 million, are set to be unlocked, impacting 1.69% of the token’s market cap. LayerZero (ZRO): On August 20, a 24.68 million ZRO unlock, worth $43.81 million, is scheduled. This is particularly noteworthy as it represents a significant 22.2% of the token’s total market cap. Arbitrum (ARB): On August 16, 92.63 million ARB tokens, valued at $37.67 million, will enter the circulating supply. Other notable unlocks in August include tokens from pump.fun (PUMP) worth $28.3 million, Kaito (KAITO) worth $20 million, Jito Labs (JTO) worth $19.6 million, Starknet (STRK) worth $15.3 million, and Immutable (IMX) worth $13 million. What’s the Expected Market Impact? These significant unlocks are set to…
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