Summary
- Major cryptocurrency token unlocks scheduled for this week are set to exceed $330 million.
- Some assets, including SUI and JUP, as well as SIGN and OMNI, are due for large one-time releases relative to their circulating supply.
- Gradual phased unlocks are also scheduled for RAIN, SOL, CC, TRUMP, WLD and smaller projects.
Forecast Trend Report by Period
More than $330 million of major cryptocurrency token unlocks are scheduled for this week.
Cryptopolitan reported on April 27, citing Tokenomist data, that more than $330 million of token unlocks are slated between April 27 and May 4.
Sui (SUI) is set for the largest one-time release this week, at about $42.47 million. Jupiter (JUP) is also scheduled for a token unlock worth about $9.77 million.
SIGN and OMNI were flagged as facing relatively heavy supply pressure. The tokens to be unlocked amount to about 20.78% of SIGN's circulating supply and about 23.25% of OMNI's.
Some projects will release tokens gradually rather than all at once. Rain (RAIN) is set for the largest phased unlock this week at about $71.65 million. Solana (SOL), CC, TRUMP and Worldcoin (WLD) are also due for similar staggered releases.
Smaller projects are also scheduled for token unlocks this week, including Revox (REX), Drift (DRIFT), GOAT Network (GOATED), Bitlayer (BTR) and Puffverse (PFVS).
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
