Major Token Unlocks for SUI, OP, and IMX Next Week: $300 Million at Stake

Upcoming Token Unlocks: Key Details and Implications

According to PANews, several significant token unlocks are scheduled for next week, accumulating a total value of approximately $295.7 million. Let's delve into the specifics of these unlocks and explore their potential impact on the market.

1. Sui (SUI)

Sui is set to unlock around 64.19 million tokens on October 1 at 8:00 AM (UTC+8). This event represents 2.40% of its current circulating supply, valued at approximately $107 million.

2. Optimism (OP)

Optimism will unlock about 31.34 million tokens on September 30 at 8:00 AM (UTC+8). This accounts for 2.50% of its circulating supply, with an estimated value of $60 million.

3. Immutable (IMX)

On October 4 at 8:00 AM (UTC+8), Immutable will unlock approximately 32.47 million tokens, representing 2.02% of its circulating supply. This is valued around $59 million.

4. ZetaChain (ZETA)

ZetaChain is scheduled to unlock about 53.89 million tokens on October 1 at 8:00 AM (UTC+8), which is 13.43% of its circulating supply, estimated at $39 million.

5. dYdX (DYDX)

On October 1 at 8:00 AM (UTC+8), dYdX will unlock around 8.33 million tokens, accounting for 1.32% of its circulating supply, valued at about $9 million.

6. Maverick Protocol (MAV)

Maverick Protocol will unlock approximately 36.40 million tokens on October 1 at 8:00 AM (UTC+8), which represents 9.56% of its circulating supply, with a projected value of $9 million.

7. Cardano (ADA)

Cardano is set to unlock about 18.53 million tokens on October 2 at 8:00 AM (UTC+8), accounting for 0.05% of its circulating supply, estimated at approximately $7.5 million.

8. Galxe (GAL)

Galxe will unlock around 2 million tokens on October 1 at 8:00 AM (UTC+8), representing 1.57% of its circulating supply, valued at $4.9 million.

9. Manta Network (MANTA)

Lastly, Manta Network will unlock approximately 1.87 million tokens on October 1 at 7:59 AM (UTC+8), which is 0.50% of its circulating supply, with a value of about $1.8 million.

Conclusion

These scheduled token unlocks represent significant movements in the cryptocurrency market, potentially influencing supply and demand dynamics. Keep an eye on how these events play out and their effects on the respective tokens' trading prices.