The cryptocurrency market will see $324.70 million in token unlocks over the next seven days, with Sui (SUI) leading the cliff unlocks at $203.49 million.
According to data from Tokenomist, this week’s token unlocks include both cliff and linear releases, with Solana (SOL) continuing to head linear unlocks at $10.56 million per day.
SUI leads cliff token unlocks
SUI is leading this week with $203.49 million worth of tokens scheduled for release. This makes up 2.0% of its total supply. SUI has already unlocked 30.7% of its total token supply.
Other major token unlocks include Optimism (OP), with $34.44 million worth of tokens (1.9% of supply) and Ethena (ENA) releasing $20.00 million (1.5% of supply). ZetaChain (ZETA) follows with $13.63 million in unlocks, which is 6.4% of its supply. While AltLayer (ALT) prepares to release $10.57 million worth of tokens. This affects 9.4% of its circulating supply.
The schedule also includes dYdX (DYDX) unlocking $6.24 million (1.1% of supply) and Sleepless AI (AI) releasing $4.64 million. AI’s unlock will include 13.9% of its total supply.
Solana leads linear unlocks
Solana (SOL) is leading linear unlocks, with daily releases of $10.56 million in tokens. The daily emission puts SOL’s weekly unlock value at approximately $73.92 million. However, this accounts for just 0.10% of its total supply.
Following SOL, Worldcoin (WLD) schedules $6.22 million in daily unlocks. This totals around $43.54 million for the week. Celestia (TIA) releases $3.49 million daily, while Dogecoin (DOGE) follows with $3.21 million in daily unlocks.
The linear release schedule continues with MANTRA (OM) at $3.18 million per day, Bittensor (TAO) releasing $3.06 million daily, and Avalanche (AVAX) with $2.37 million in daily unlocks. As per the data, the total linear unlocks for the week amount to $58.04 million across multiple protocols.
Less popular token unlocks
According to CoinMarketCap data, several smaller market capitalization projects like TENET Protocol (TENET) prepare to release 29.18 million tokens worth $49,429. This constitutes 2.43% of its locked supply. The project shows 57.59% completion in its unlock schedule.
GT Protocol (GTAI) plans to unlock 2.33 million tokens valued at $557,340, adding 3.11% to its circulating supply. Radworks (RAD) approaches the final stages of its distribution with 98.44% unlock progress. The project prepares to release 1.56 million tokens worth $1.33 million.
Next on the list is Hibiki Run (HUT), with a release of 37.42 million tokens ($1,525) with a 35.90% of its unlock schedule completed.
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Source: https://www.cryptopolitan.com/sui-leads-324-7-million-token-unlocks/