The cryptocurrency community is preparing for a major token unlock: from November 25 to December 1, 2024, crypto assets worth more than $475,5 million will enter the market.
Token unlocks next week
The biggest unlock awaits token Sui (SUI). On December 1, the market will be replenished with assets worth $231,74 million, which is equal to 2,26% of the total token supply.
SUI has been attracting a lot of attention from investors lately because token has become one of the best performing crypto assets during the current bull market. SUI is up 30% in the last 90 days and 571% year-to-date.
Another significant event for the crypto community will be the unlocking of Optimism (OP) tokens worth $64,56 million. On November 30, about 2,5% of the total OP volume will enter circulation. These assets will be distributed among the founders, project team members, and private investors.
Third Biggest Unlock Awaits token ZetaChain (ZETA). On December 1, 10,41% of the entire asset supply (about $35,90 million) will appear on the market. These funds will be used for community development and marketing, with some assets going to founders, team members, and advisors. Such a significant influx of ZETA may affect the asset's rate, which has fallen by 10% in recent weeks.
On November 19, Immutable (IMX) will issue tokens worth $33,83 million, which is 1,47% of their total supply. On November 30, the team 1INCH will unlock assets worth $33,67 million (7,72% of the total volume).
Cardano (ADA) will hold two unlocks totaling $32,68 million (0,10% of the total supply) on November 26 and December 1. Finally, on December 1, DYX plans to issue assets worth 10,83 million (1,19% of its offer).
