Token unlocks worth $317 million set for the next seven days…Altcoin supply from Sui, Jupiter and others queued
Summary
- Token unlock supply for major altcoins over the next seven days is expected to exceed $317 million, it said.
- One-off large unlocks are scheduled for Sui (SUI), Jupiter (JUP), Humanity Protocol (H), Grass (GRASS), among others, it added.
- With linear large unlocks for Dogecoin (DOGE), Worldcoin (WLD) and others, the report pointed to potential selling pressure from rising circulating supply and the possibility of heightened volatility.
Token unlocks (Unlocks) for major altcoins over the coming week are expected to exceed $317 million.
According to Tokenomist data cited by WuBlockchain on the 23rd (local time), projects scheduled for one-off large unlocks worth at least $5 million over the next week include ▲Sui (SUI) ▲Jupiter (JUP) ▲Humanity Protocol (H) ▲Grass (GRASS) ▲Plasma (XPL) ▲Eigen (EIGEN) ▲Kamino (KMNO) ▲Slash Vision Labs (SVL), among others.
In addition, large linear unlock projects releasing more than $1 million per day gradually include ▲Rain (RAIN) ▲Canton (CC) ▲Official Trump (TRUMP) ▲Worldcoin (WLD) ▲River (RIVER) ▲Dogecoin (DOGE) ▲Aster (ASTER).
Large-scale unlocks can act as near-term selling pressure as circulating supply increases, calling for caution among token holders and short-term traders. In particular, one-off large unlocks raise the possibility of heightened volatility given that liquidity can flow into the market in a concentrated manner at a specific point in time.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
