Important token unlocks this week totaling over $447 million in crypto could create buying or selling pressure for the tokens. Here are the top 7 token unlocks this week.
Top 7 Token Unlocks This Week – Over $447 Million in Crypto
1. Sui (SUI)
On January 1st, almost 82 million SUI tokens will be unlocked, representing 0.82% of the total token supply. The unlock amount will be $336.5 million, or 2.8% of the fully diluted market cap of SUI at over $41 billion.
So far, over 29% of the total token supply has been already unlocked, according to data from CryptoRank.
Today, SUI is down by 3% and the coin is trading at $4.1, having a market cap of $12 billion.
2. Optimism (OP)
Tomorrow, December 31, over 32.2 million OP tokens will be unlocked, representing 0.75% of the total token supply. The unlock amount will be $58.46 million or almost 2.4% of the fully diluted market cap of the token which is a little over $7.8 billion.
Over 31% of OP’s total supply has been unlocked so far.
OP is up by 0.5% today, and the coin is trading above $1.8, having a market cap of $2.53 billion.
3. dYdX (ETHDYDX)
On January 1st, 8.33 million ETHDYDX tokens will be unlocked, or 1.85% of the total supply. The unlock amount will be $12.55 million, representing 1.85% of the fully diluted market cap of the coin of $676 million.
So far, 57.4% of the total supply has been unlocked.
Today, the coin’s price is down by almost 1.5%, and it’s trading at $1.53, with a market cap of over $330 million.
4. Maverick Protocol (MAV)
On January 1st, over 49.6 million MAV coins will be unlocked, almost 2.5% of the total supply. The unlock amount is over $10.4 million or almost 11% of the $420 million fully diluted market cap.
So far, more than 23% of the MAV coins have been unlocked.
Today, MAV recorded intense volatility and the coin is down by over 1%. MAV is trading at $0.2 and it has a market cap of over $97 million.
5. Sleepless AI (AI)
On January 4, more than 17 million AI tokens will be unlocked, representing 1.72% of the total supply. The unlock amount is $10.4 million, or 13.3% of the fully diluted market cap of AI which is over $600 million.
So far, 25.7% of the total AI supply has been unlocked, CryptoRank data shows.
AI is down by over 5% today, and the coin is trading at $0.6, having a market cap of over $149 million.
6. Tars AI (TAI)
On January 2nd, over 26.7 million TAI will be unlocked, or almost 3% of the total supply. The unlock amount is over $9.7 million, representing more than 4.5% of the $326 million fully diluted market cap.
So far, almost 25% of the total TAI supply has been unlocked.
Today, TAI is down by over 3%, and it’s trading above $0.37 with a market cap of $260 million.
7. Echelon Prime (PRIME)
Tomorrow, December 31, almost 752,000 PRIME tokens will be unlocked, or 0.68% of the total token supply. The unlock amount will be a little over $9 million or over 1.4% of the fully diluted market cap of the token at $1.33 billion.
So far, 39.5% of the total token supply has been unlocked.
PRIME is up by over 5% today, trading close to $13, with a market cap of over $458 million.
All these token unlocks are important events, as they can create selling or buying pressure for the tokens, triggering more or less market volatility.
