Token unlocking overview this week: OP, SUI, and "these projects" will release over 3 billion US dollars in Tokens in total

According to Tokenomist data, the cryptocurrency market will welcome a series of large token unlocks this week, including multiple projects such as Sui (SUI), Optimism (OP), and Zetachain (ZETA), releasing a total value of over 300 million dollars in tokens.

“Token unlocking” refers to the release of tokens allocated to early investors, team members, and development contributors after a certain period of lock-up, meaning that holders will be able to sell tokens for cash, and therefore it is often seen as a “bearish event”.

The cryptocurrency analysis company 10x Research has warned that a large amount of Token unlocking may impact the competitive coin market, and risk investors may face pressure to lock in recent gains, meaning that “even if these Tokens have positive momentum, their upward performance will still be limited” when the Tokens are unlocked.

Token and amounts (each worth over 10 million US dollars) to be unlocked in the next 7 days are as follows:

December 31: Optimism (OP) will unlock 31.34 million Tokens, accounting for 2.32% of the current circulating supply, worth approximately $57.04 million;

January 1st: Sui (SUI) will unlock 64.19 million Tokens, worth about 2.63 billion US dollars, accounting for 2.19% of the current circulating supply.

January 1st: Zetachain (ZETA) will unlock 53.89 million tokens, worth about $31.18 million, accounting for 9.35% of the current circulating supply.

January 1st: dYdX (DYDX) will unlock 8.33 million Tokens, worth approximately $12.5 million, accounting for 1.17% of the current circulating supply;

January 1st: Ethena (ENA) will unlock 12.86 million Tokens, worth about $12.44 million, accounting for 0.44% of the current circulating supply;

January 6th: Kaspa (KAS) will unlock 182 million Tokens, worth about $21.31 million, accounting for 0.72% of the current circulation supply.

The upcoming Token unlock highlights the increase in internal activities in the encryption currency market. Various projects release a large number of Tokens, which may affect market dynamics and investor strategies.

“This week’s token unlock at a glance: OP, SUI and “these projects” together will release more than $300 million in tokens” This article was first published in Blockers.