$2.5 Billion Worth of Crypto Tokens To Be Unlocked in August
- The high crypto token unlocks in the coming weeks will likely weigh down on bullish sentiments.
- Renewed demand for altcoins by corporate investors could absorb the token unlock sales in August.
- Historical data shows most altcoins have recorded more negative August returns in the last decade.
The cryptocurrency market is bracing for a significant liquidity event in August, with over $2.5 billion worth of tokens scheduled to be unlocked. These events, which release previously restricted tokens into the circulating supply, can create substantial selling pressure. According to an analysis by CryptoRank, Sui (SUI), Ethena (ENA), and Aptos (APT) lead the month’s largest unlocks by dollar value.
August’s Major Token Unlocks
The most significant token unlocks scheduled for this month include several high-profile projects. The data highlights the following key events:
- Sui (SUI): On August 1, 56.91 million SUI tokens, valued at approximately $210.4 million, will be unlocked for early investors. This represents 1.65% of the token’s market cap.
- Ethena (ENA): On August 2, 94.91 million ENA tokens, worth $55.32 million, will be released, accounting for 1.48% of i…
The post $2.5 Billion Worth of Crypto Tokens To Be Unlocked in August appeared first on Coin Edition.
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$2.5 Billion Worth of Crypto Tokens To Be Unlocked in August
- The high crypto token unlocks in the coming weeks will likely weigh down on bullish sentiments.
- Renewed demand for altcoins by corporate investors could absorb the token unlock sales in August.
- Historical data shows most altcoins have recorded more negative August returns in the last decade.
The cryptocurrency market is bracing for a significant liquidity event in August, with over $2.5 billion worth of tokens scheduled to be unlocked. These events, which release previously restricted tokens into the circulating supply, can create substantial selling pressure. According to an analysis by CryptoRank, Sui (SUI), Ethena (ENA), and Aptos (APT) lead the month’s largest unlocks by dollar value.
August’s Major Token Unlocks
The most significant token unlocks scheduled for this month include several high-profile projects. The data highlights the following key events:
- Sui (SUI): On August 1, 56.91 million SUI tokens, valued at approximately $210.4 million, will be unlocked for early investors. This represents 1.65% of the token’s market cap.
- Ethena (ENA): On August 2, 94.91 million ENA tokens, worth $55.32 million, will be released, accounting for 1.48% of i…
The post $2.5 Billion Worth of Crypto Tokens To Be Unlocked in August appeared first on Coin Edition.
Read More