SUI Leads the Charge as the Crypto Market Braces for a $475.5M Token Unlock Spree

The crypto market is bracing for a significant wave of token unlocks, with over $475.5 million worth of tokens set to be released from November 25 to December 1, 2024.

Over $475.5 Million in Tokens to Unlock Next Week: SUI Leads with a $231.74M Release

As the crypto market bull run continues, several tokens are set to unlock next week, with over $475.5 million in tokens slated to be released from Monday, November 25 to Friday, December 1, 2024.

This unlocking spree can stir market sentiment for the affected tokens, especially those that have performed well during the bull run. Here's a closer look at the biggest token unlocks for the upcoming week.

SUI Leads with a $231.74M Unlock

Out of the total, SUI (SUI) will have the largest token unlock, with a massive $231.74 million in tokens set to be unlocked on December 1. This release, valued at 2.26% of SUI's circulating supply, is earmarked for private investors, founders, and the community.

This unlock is significant given SUI's impressive performance during the bull run. The token, currently trading at $3.56, has surged by 90% over the past 30 days and an impressive 571% over the last year. As a result, market observers will be keeping a close eye on how the increased supply will impact SUI’s price trajectory.

Optimism (OP) and ZetaChain (ZETA) Follow with Notable Unlocks

Another significant event is the $64.56 million unlock of Optimism (OP) on Monday, November 25. This release, set to be unlocked on November 30, is allocated to founders, team members, and private investors, and constitutes 2.50% of OP's circulating supply.

Moreover, a substantial $35.90 million of ZETA (ZETA) tokens, valued at 10.41% of its circulating supply, will be unlocked on December 1. This allocation, earmarked for community members and marketing, will also include additional shares allocated to founders, team members, and advisors.

This influx of ZETA's supply could impact the project’s price stability. Notably, ZETA has been on a bearish trend in recent weeks, declining by 10% over the past four weeks.

Other Key Unlocks for Next Week

Several other projects will have significant token unlocks next week. Immutable (IMX) will release $33.83 million worth of tokens on Monday, November 29, which represents 1.47% of its circulating supply.

On Monday, November 30, 1INCH will unlock $33.67 million, equating to 7.72% of its supply. Also, Cardano (ADA) will have two unlock events totaling $32.68 million (0.10% of its supply), spread across Monday, November 26 and Friday, December 1.

Lastly, DYDX will release $10.83 million (1.19% of its supply) on Friday, December 1, adding to the week’s liquidity surge.

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