The crypto market is on the verge of a major shift as over $1.5 billion tokens are set to be unlocked this week.
This influx of tokens, primarily from projects like Celestia (TIA), Sui (SUI), Memecoin (MEME), and Dogecoin (DOGE), could potentially reshape market dynamics and impact token prices.
Two types of token unlock events are set to happen this week.
Cliff unlocks, which release a large number of tokens at once, and linear unlocks, which distribute tokens gradually over a specific period.
TIA is at the top of the list, as it looks to unlock 180 million tokens, valued at $923.4 million, representing a staggering 81.68% of its supply.
This influx could heavily impact TIA’s market, introducing significant selling pressure and potentially affecting its price and liquidity.
Closely trailing behind, SUI will unlock 64.2 million tokens worth $111.06 million, accounting for 2.3% of its circulating supply.
While substantial in dollar terms, influx may have less drastic price implications compared to TIA.
Solana, on the other hand, will undergo a linear unlock, releasing 524,030 tokens valued at $92.2 million.
Given SOL’s typically high liquidity and broader adoption, this unlock might have a relatively minor impact on its price. The influx of tokens could slightly affect the market if substantial selling occurs.
MEME will release 3.8 billion tokens valued at $50.9 million, representing 13% of its circulating supply.
ZETA and TRIBL will also experience notable cliff unlocks, releasing nearly 12% and 19% of their supplies, respectively.
Worldcoin (WLD) will release 37.2 million tokens valued at $75.2 million, accounting for 6.5% of its supply.
BEAM, SEI, and NEAR will also undergo linear unlocks but with smaller percentages.
However, considering these are linear unlocks, they are expected to have minimal impact on the market.
Cardano (ADA), DOGE, and Avalanche (AVAX) also have unlocks lined up; however, they are unlikely to affect prices.