Next week is reportedly going to witness the 7 biggest tokens unlocks. NetToken unlocks refer to the process of releasing more digital tokens into the market, and several are set to occur in the coming week, as explained in the following crypto sphere news.
Next week, the cryptocurrency market will unlock tokens across seven projects totalling $133.1 million. These events have drawn considerable attention as investors assess their potential impact on market dynamics. These biggest unlocks include $SUI, $IMX, $ NEON, $WLD, $MODE, $ZEUS, and $GAL.
$SUI Leads the Week with a $63.3M Token Unlock
$SUI is the most prominent one, with the nearest unlocking of $63.3M of tokens, equal to 0.84% of its total supply. This event is scheduled for September 3, marking a substantial release in the crypto space.
IMX and NEON to Unlock Significant Portions of Their Supplies
IMX follows with a token unlock valued at $40.9 million, 1.62% of its total supply, set for September 6. This is expected to draw attention from investors and traders alike.
Additionally, NEON is scheduled to unlock $19.3 million in tokens on September 7, which accounts for 5.39% of its total supply. The market is also keeping an eye on Worldcoin ($WLD), Mode ($MODE), Zeus Network ($ZEUS), and Galxe ($GAL), with smaller but notable unlocks ranging between $4.1 million and $7.1 million.
Way Forward
These token unlocks are crucial events that traders and investors should monitor closely, as they can influence market liquidity and price movements. The upcoming unlocks for SUI, IMX, and NEON, in particular, are anticipated to impact their respective markets significantly.
These future token launches are significant, as they affect the price and volatility of the related cryptocurrencies. However, investors and traders should closely watch these developments.
Source: https://blockchainreporter.net/top-7-token-unlocks-next-week-sui-leads-with-63-3m/