The week of January 27 through February 2 will bring a major event for the crypto market. An enormous amount of tokens will be unlocked and made available for trading—all told, worth over $790 million.
This week’s unlocks feature several projects that will release a large proportion of their overall token supply.
Sui (SUI) takes the lead this week in token unlocks, accounting for a single release worth a whopping $288.64 million. This release sees 2.66% of Sui’s total token supply unlocked. This pivotal moment for the project and its investors raises some significant questions about what exactly the project is and where it’s headed.
Among the other significant projects are Tribal (TRIBL), ENA, Optimism (OP), ZetaChain (ZETA), and dYdX (DYDX). They, too, have planned unlock events that add up to a considerable number of tokens set to enter circulation.
Traders and investors are sure to focus on these scheduled occasions. Whether or not that attention will significantly impact the price of the unlocked tokens and the overall market is a tricky question that we will explore in depth later on.
⏰ Upcoming Token Unlocks ( January 27 – February 02 )
Several crypto projects will unlock tokens this week, including $TRIBL ,$ENA ,$OP , $SUI , $ZETA and $DYDX .
Investors, keep an eye on these token unlocks event pic.twitter.com/UEpiguT30F
— SSI (SoSoValue Indexes) (@SoSoValue) January 27, 2025
Top 7 Token Unlocks to Watch This Week
The crypto community keeps its focus on the events where tokens are unlocked, and this week sees the largest unlocks of seven different tokens. Here is a detailed look at those unlock events and the tokens that will be unlocked:
1️⃣ Sui (SUI)
– Unlock Value: $288.64M
– Percentage of Supply: 2.66%
Sui is absolutely the star of the week. The blockchain platform, famed for its high-performance capacity and developer-friendly ecosystem, is ready to unlock a colossal portion of its tokens. This event is likely to spark trading activity, possibly influencing SUI’s market dynamics in the days to come.
2️⃣ Ronin (RON)
– Unlock Value: $49.31M
The Ethereum sidechain for blockchain games like Axie Infinity, Ronin ranks second on the list. The $49.31 million unlock could provide liquidity to the market and influence the growth trajectory of the handful of projects utilizing the Ronin network.
3️⃣ Optimism (OP)
– Unlock Value: $43.89M
Optimism, one of Ethereum’s foremost Layer-2 scaling solutions, is next in line for a significant unlock event. The release of $43.89 million worth of OP tokens is likely to garner interest from DeFi aficionados and investors. Historically, Optimism’s unlock events have been associated with price volatility, making this another important event for traders to watch closely.
4️⃣ dYdX (DYDX)
– Unlock Value: $8.46M
dYdX, the decentralized derivatives exchange, is poised to release $8.46 million worth of tokens. The platform stands to gain from the increased liquidity and trading activity among users seeking decentralized options and could see this translation into better overall market performance for the token itself.
5️⃣ Prime (PRIME)
– Unlock Value: $6.52M
PRIME is an underappreciated token that will unleash tokens valued at $6.52 million. While it may not attract attention in the way some large-scale launches do, it nonetheless accounts for a chunk of this week’s total and might prove lucrative to investors looking for something off the beaten path.
6️⃣ Grass (GRASS)
– Unlock Value: $6.41M
Another emerging token, GRASS adds $6.41 million to the mix. Its unlock event, though smaller in scale, reflects the broader trend of increased token circulation across various projects.
Seventh and last in our countdown is Tai (TAI)—coming in with a $6.4 million unlock event. TAI (like GRASS, which came in just ahead of TAI in our countdown) highlights the diversity of projects participating in this week’s unlock events.
🔓 Top 7 Token Unlocks of the Upcoming Week
The following tokens with the largest unlock amount will be unlocked next week:
$SUI – $288.64M$RON – $49.31M$OP – $43.89M$DYDX – $8.46M$PRIME – $6.52M$GRASS – $6.41M$TAI – $6.40M pic.twitter.com/bfFVmskhK9— CryptoRank.io (@CryptoRank_io) January 27, 2025
Impact of Token Unlock Events on the Market
In the cryptocurrency market, play a crucial role. When locked tokens transition into active circulation, they often influence token prices in various ways. One such way is through the simple supply-and-demand dynamic that dictates much of the movement in not just crypto, but all capital markets. If a token moves from being locked up to being active and it’s sold off in large amounts, in tandem with what might be considered either a “normal” or “abnormal” amount of demand for that token, then you could very well expect to see the price dip.
It is recommended that investors pay close attention to these unlock events, particularly those that concern well-known tokens such as SUI, RON, and OP. Given the likelihood of price swings, this is a good moment to consider what sort of tactical decisions you want to make, be it trading on an actual or even a planned price basis or opting for a more buy-and-hold, “see what happens next” approach.
To sum up, the next week holds substantial occurrences for the crypto sphere, with more than $790 million in token value poised to be unleashed. As always, making decisions with a basis in accurate information and keeping an eagle eye on market movements will be crucial for any investor trying to steer a steady course through these potentially favorable—and risky—developments.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Source: https://nulltx.com/upcoming-token-unlocks-790m-in-crypto-tokens-set-for-release-this-week/