Major Token Unlocks Are About to Happen

In the next 7 days, major token unlocks are about to happen. The total value of these tokens unlock exceeds $625 million.

The cryptocurrency market is constantly shifting, and staying ahead of the game requires vigilance. Among the critical factors that can influence market dynamics are token unlocks, which occur when previously locked tokens become transferable in the open market.

As the saying goes, "forewarned is forearmed." Being aware of upcoming token unlocks can help traders anticipate potential price movements and adjust their strategies accordingly.

In the upcoming seven days, major token unlocks with a total value exceeding $625 million are expected. Among these, several one-time unlocks, also known as cliff unlocks, have a token value of $5 million or more.

Among these, the Sui Network will unlock 74 million SUI on May 1, which is nearly a third of the circulating supply and has a current value of about $264 million at the last price of $3.58.

Optimism will unlock 31.34 million OP on April 30, which is valued at $24.5 million at the last price of $0.78. This represents roughly 9% of the circulating supply.

Ethena will unlock 40.64 million ENA on May 2, which is valued at $14.28 million at the last price of $0.35.

Other noteworthy one-time unlocks with a value of over $5 million include dYdX, IOTA, and Kamino.

In addition to these one-time unlocks, several tokens have daily linear unlocks of over $1 million.

Solana will unlock 66.4k SOL daily, which is valued at around $10 million at the last price of $150.

The Official Trump token will unlock 493.15k tokens daily, which is valued at $7.2 million at the last price of $15.50.

Worldcoin will unlock 5.32 million WLD daily, which is valued at $6 million at the last price of $1.13.

Celestia will unlock 994k TIA daily, which is valued at $2.9 million at the last price of $2.9.

Bittensor will unlock 7.2k TAO daily, which is valued at $2.67 million at the last price of $370.

Avalanche will unlock 100k AVAX daily, which is valued at $22 million at the last price of $22.

Overall, major one-time token unlocks are expected for SUI, OMNI, OP, KMNO, ENA, ZETA, REZ, GENE, DYDX, GUNZ, and IOTA in the next seven days. Significant linear daily unlocks are expected for SOL, WLD, TIA, DOGE, TAO, and LINK.

Among these tokens, Pyth Network will unlock 2.13 billion PYTH on May 19, which is valued at $331.57 million at the last price of $155. This represents 58.62% of the circulating supply.

Solayer will unlock 27 million LAYER on May 11, which is valued at $73.76 million at the last price of $2.73. This represents 12.87% of the circulating supply.