SUI, ENA, W Lead This Week's Major Token Unlocks

The altcoin market will go through a major liquidity event this week, with over $320 million worth of tokens available for trading.

The altcoin market will be rolling through a major liquidity event this week, with over $320 million worth of tokens becoming available for trading.

Unlocks from SUI and Ethena’s ENA token present the largest share by value, totalling nearly $208 million.

SUI, ENA, W Lead This Week’s Major Token Unlocks

The SUI network’s token sees the week’s single largest unlock based on dollar value. Roughly $136.12 million (1.56% of circulating supply) of SUI is set to become available.

Following closely, Ethena’s ENA token will release $71.58 million (3.25% of circulating supply). Both are substantial enough that they could noticeably impact liquidity and price action for these assets.

Both Ethena and the SUI Foundation are selling tokens to raise funds. Ethena is launching an ecosystem token, ENA, on the Ethereum blockchain, while SUI is a new Layer-1 blockchain with smart contracts.

Additionally, Wormhole’s W token unlock totals $70.40 million; while slightly smaller in dollar terms, this represents a very large 24.28% of its current circulating supply, potentially leading to significant price swings depending on recipient actions.

Other Notable Unlocks: OP, DYDX, ZETA

Further unlocks scheduled for this week include Optimism’s OP token, with $28.14 million (1.93% of supply) set for release. Smaller amounts involve the DYDX token ($6.02 million, 1.09%) and ZetaChain’s ZETA token ($4.71 million, 1.79%).

Due to their lower relative dollar values, these unlocks are generally expected to have a comparatively smaller immediate market impact than the top three.

According to data from Tokenomist_ai (via X), last week saw only about $8.60 million unlocked in total across several tokens including ALT, MMX, YGG, VENOM, and HOOK.

This week, the combined value of just the SUI and ENA unlocks vastly surpasses that figure. This sharp rise in the volume of newly liquid tokens suggests potentially heightened market activity and increased volatility for specific assets in the coming days.