$585M in Token Unlocks Expected for Multiple Cryptocurrencies This Week

Upcoming token unlocks are expected to impact multiple cryptocurrencies, causing potential pressure on investor sentiment.

Significant cliff unlocks (exceeding $5 million) will occur for Hyperliquid, Sui, EigenCloud, Kamino, Optimism, Ethena, ZORA, and SVL.
HYPE leads with a cliff unlock worth approximately $251 million, increasing its shock risk.
Large linear unlocks (daily unlocks exceeding $1 million) include RAIN, Solana, TRUMP, WLD, DOGE, AVAX, and ASTER.
The total value of token unlocks this week is projected to reach at least $585 million.

Investors express concerns about the selling pressure these unlocks could bring. However, token unlocks do not affect the fundamental aspects of cryptocurrencies. The potential market impact might be less severe if investors choose not to sell immediately due to long-term strategies or current market conditions.

Notably, some tokens like Solana have already decreased significantly from their all-time highs, with SOL down by 57% and HYPE by 56%. Despite the expectations, previous large token unlocks did not lead to high volatility, suggesting that immediate market reactions may vary.