A fresh wave of token unlocking is set to appear in the crypto market this week when more than $686 million in assets enter circulation.
The release has arrived as if Bitcoin (BTC) had made a vulnerable recovery from last week’s sale, triggering when Galaxy Digital offloaded a massive amount of cryptocurrency, bringing the price down to around $114,500 to $119,000.
Important assets to watch
According to the Tokenomist website, SUI will release 44 million tokens this week. This is approximately 1.27% of supply, valued at $189.62 million. Meanwhile, Solana (Sol) will be able to see a fresh allocation of more than $465,000 coins worth $87.6 million over the next seven days. Elsewhere, one of the most powerful performers of the week, Ethena (ENA), will flow fresh assets of $26 million, after collecting more than 35%.
These unlocks came just after SUI went above 10% and exceeded $4, and Sol rebounded above $180, following the recent 66% block capacity upgrade and native support integration of MetaMask.
Analysts are currently monitoring potential moves to $205, with strong support over $190, previously accumulating over $8 million in SOL. However, there is some debate as to whether potential price pressure from a new batch of tokens could undermine the immediate trajectory of SoL.
Jupiter (JUP) and Optimism (OP) are facing significant one-off supply expansions of $32 million and $23 million, respectively. The former achieved 3.3% this week, a 45% decline from the previous year, while the latter is 83% below its peak despite a surge of 51% each month.
Best remaining
Other cryptocurrencies for considerable unlocking include Kamino (KMNO). Kamino (KMNO) has released over 229 million tokens, worth $13.6 million, accounting for 7.3% of its supply. Sign and Zetachin (Zeta) are set to unlock assets worth $11.7 million and $10 million in one-time events, respectively.
Also worth noting is Goplus Security (GPS). It is poised to release more than 542 million tokens, 31.75% of supply, making it one of the most diluted events in a week in relative terms.
Beyond the Sol on the Linear Unlock Front, heavy daily emissions from World Coin (WLD) are expected, with 37.2 million tokens of $44.6 million, Dogecoin (DOGE), with an additional 0.06% of supply of $22.9 million and official Trump (Trump) earning Clifflock of $50 million.
Traders should also turn to Bitenser (TAO) that can utilize over 50,000 tokens for $21.5 million, and Celestia (TIA), which has scheduled a $14.2 million token release. Avalanche (Avax) is also preparing for a $18 million vesting event, but Morpho’s lending protocol will need to absorb $13.5 million in newly released tokens representing 2.18% of the circular supply.
