$653 Million Worth of Tokens Set to Unlock This Week
The crypto market is set to experience significant supply increases with over $653 million in tokens unlocking from August 11 to August 18, as reported by Tokenomist and WuBlockchain. This situation may lead to short-term volatility in the altcoin market.
Upcoming Token Unlocks
- FTN will unlock 20 million tokens worth $91.8 million (2.13% of supply)
- Aptos (APT) will release 11.31 million tokens valued at $53.72 million (2.25% of supply)
- Arbitrum (ARB) will see 92.65 million tokens worth $43.91 million unlocked
- Avalanche (AVAX) will add 1.67 million tokens valued at $40.15 million
- SEI will unlock 55.56 million tokens worth $18.13 million
- LAYEY and CYBER will unlock over 10% of their circulating supply, increasing sell-pressure
Linear Releases
- Solana will have the largest weekly linear release, adding 465,770 tokens valued at $93.18 million (0.09% of supply)
- Other notable daily unlocks include TRUMP ($45.92 million), Worldcoin ($40.50 million), Dogecoin ($22.09 million), and TAO ($19.87 million)
- MORPHO, ETHFI, and DOT are also releasing tokens exceeding $8 million
- SEI will add another $26.97 million through linear unlocks
Large token unlocks could exert downward pressure on prices as newly available supply enters the market. Projects with high-percentage unlocks, like LAYEY and CYBER, are particularly vulnerable to price declines. Analyst Darkfost indicated that mid- and small-cap tokens show weak performance relative to Bitcoin.
The influx of over $650 million in new tokens may hinder immediate rally attempts in the market.