cryptopotato.com
A fresh wave of token unlocks is set to hit the crypto market this week, with over $686 million worth of assets entering circulating supplies.
The releases are arriving just as Bitcoin (BTC) staged a fragile recovery from a sell-off last week, triggered when Galaxy Digital offloaded huge amounts of the number one cryptocurrency, sending its price tumbling from $119,000 to around $114,500.
Key Assets to Watch
According to the Tokenomist website, $SUI will release 44 million tokens this week, which is about 1.27% of its supply and valued at $189.62 million. Meanwhile, Solana ($SOL) will see a fresh allocation of over 465,000 coins worth $87.6 million spread out across the next seven days. Elsewhere, Ethena (ENA), one of the week’s strongest performers, after rallying more than 35%, will bring $26 million in fresh assets into circulation.
These unlocks come soon after $SUI surged over 10% to hit $4, and $SOL, riding a wave of institutional confidence, following its recent 66% block capacity upgrade and MetaMask’s native support integration, rebounded above $180.
Analysts are now watching for a potential move to $205, with strong support around the $190 range, where over 8 million $SOL were previously accumulated. However, there is some debate on whether potential price pressure from the new batch of tokens could dampen $SOL’s immediate trajectory.
Jupiter (JUP) and Optimism (OP) also face significant one-time supply expansions, $32 million and $23 million, respectively. The former has gained 3.3% this week but remains down 45% year-over-year, while the latter, despite a 51% monthly surge, is trading 83% below its peak.
Best of the Rest
Other cryptocurrencies due for substantial unlocks include Kamino (KMNO), which will release over 229 million tokens, equivalent to $13.6 million, representing 7.3% of its supply. SIGN and ZetaChain (ZETA) are also set to unlock $11.7 million and $10 million worth of assets, respectively, in one-off events.
Also noteworthy is GoPlus Security (GPS), which is poised to release over 542 million tokens, a hefty 31.75% of its supply, making it one of the most diluted events of the week in relative terms.
Beyond $SOL on the linear unlock front, heavy daily emissions are expected from Worldcoin (WLD), with 37.2 million tokens valued at $44.6 million, Dogecoin (DOGE), with another 0.06% of its supply valued at $22.9 million, and Official Trump (TRUMP), with a $50 million cliff unlock.
Traders should also keep an eye on Bittensor (TAO), which will be making just over 50,000 tokens available for $21.5 million, and Celestia (TIA), which has scheduled a $14.2 million token release. Avalanche (AVAX) is also preparing for an $18 million vesting event, while Morpho’s lending protocol must absorb $13.5 million in newly released tokens representing 2.18% of its circulating supply.