Traders are bracing for potential selling pressure as early investors and project treasuries gain access to massive, previously locked holdings.
Data from the Tokenomist website shows that over $484 million worth of tokens are scheduled to hit the crypto market this week, in one-time releases and significant daily unlocks.
Details of Token Unlocks
According to the tokenomics analytics platform, SUI will lead the wave of large token releases between June 30 and July 7, with 1.29% of its supply worth some $125 million to be offered.
Other major cliff unlocks will come from Ethena (ENA), with 212.5 million units valued at about $58.12 million, and Optimism (OP), which will see slightly more than 31 million tokens worth $18.64 million flooding the market. Kamino (KMNO) will make available just over 10% of its supply for $13.56 million, and ZetaChain (ZETA) will release 44.26 million coins, adding to the 877.5 million already in circulation.
At the same time, observers expect several daily
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