Key Highlights:
- Solana, Aster, TRUMP, Sui, Dogecoin and other major cryptocurrencies are bracing for major token unlocks this week.
- The token releases amount to a whopping $555 million.
- SOL took the lead with an unlock of $115 million in sight.
The crypto market will see a wave of enormous token unlocks valued at over $555 million between October 6 and October 13. The unlocks will put millions of previously restricted tokens into the market, which could increase selling pressure on various assets in the short term.
Scheduled releases of the tokens owned by project teams, investors or early backers are called token unlocks. They usually attract the market’s attention as they can weaken the circulating supply, manipulate short-term price changes, and influence investor sentiment.
Major Unlocks by Value: Solana Takes the Lead
The largest unlock is going to be of Solana (SOL), and its release will be worth $115.16 million, according to Tokenomist. Even though this is just 0.09% of the supply of Solana in circulation, the dollar value is so significant that it is among the most remarkable events. Solana has been performing well over the past few months, and traders will probably take note of whether this unlock will create temporary price volatility.
The other substantial release is going to be Athene (ATH) which will release 1.26 billion tokens worth approximately $68.06 million, which will be 10.32% of the total supply. Such a major growth in the amount of circulating supply may place significant downward pressure on the token unless the demand on the part of the investors can absorb it.
Aptos (APT) comes second in the list with an unlock of 11.31 million tokens, valued at $61.53 million to be released. This unlock is 1.61% of its supply in circulation. Aptos has experienced a divided reaction over the past few months as the wider Layer-1 competitiveness heats up, and a supply rise would challenge market solidarity throughout the $60 million liquidity incident.
Linea will see a release of 1.08 billion tokens worth around $29.12 million, which will represent 6.98 percent of its total supply. In the meantime, the unlocks of Baby (BABY) and BB will be worth $16.98 million and $8.49 million of their supplies, respectively, that is, 12.02 percent and 10.47 percent of all percentage increases on the list.
Other projects with large unlocks are HOME (7.45 million tokens, representing 9.19% of total supply), IO (7.40 million, 6.11% of supply), and MOVE (5.71 million tokens, 1.82% of supply).
More Unlocks Within the Crypto Market
Worldcoin (WLD), Official Trump Coin (TRUMP), Dogecoin (DOGE), and Avalanche (AVAX) are represented in the second wave of major unlocks. Worldcoin (WLD) will issue 37.23 million tokens initially worth $46.90 million, which is 0.97% of its supply. With its current controversy regarding its privacy paradigm and regulatory review, analysts believe that it will continue to become more volatile.
TRUMP memecoin, with a value of $38.05 million, will unlock 1.52% of its supply in circulation. In the meantime, Dogecoin will experience a release of 96.54 million tokens worth $23.06 million. Though the unlock will mark a comparatively insignificant 0.06% increase, but substantial considering the high concentration of holders holding the meme token.
Further, Avalanche (AVAX) will unlock 700,000 tokens, equivalent to $21.15 million (0.14% circulating supply). Ether.fi (ETHFI) will release 15.44 million dollars (2.04% circulating supply).
Other unlocks on the significant list are TIA (11.94 million), SUI (10.79 million), ASTER (10.28 million), DOT (9.55 million), TAO (7.99 million), NEAR (8.84 million), and IP (22.41 million).
Potential Market Impact
The cumulative value of these unlocks, which amount to more than $555 million, can create volatility in the short run on a variety of assets. High unlock percentages (ATH, BB, and BABY) could be subject to higher pressure of downward movement because of higher supply compared to the volume of trade.
Nevertheless, major tokens such as Solana, Avalanche, and Dogecoin are not as vulnerable to price interference in the long term owing to their liquidity and capitalization in market. Price movements in the wake of such unlocks will be followed keenly by traders and investors, especially regarding smaller-cap projects, whereby even a moderate sell-off can increase volatility.
Overall, the unlock plan of this week will be one of the most significant token release occurrences in October. The event will precondition the possible short-term market variation and the new attention to tokenomics and investor behavior.
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