At the end of May and the beginning of June, a large-scale token unlock wave will be witnessed from three major projects: Sui (SUI), Bio Protocol (BIO), and Optimism (OP) – which could create strong selling pressure on the altcoin market.
• Sui ($SUI ) will unlock 44 million tokens, equivalent to 1.32% of the total circulating supply, on June 1. At the current price, this amount of tokens is worth approximately 154 million USD – a huge figure that could weigh down the price of SUI if 'dumped'.
• Bio Protocol ($BIO ) is expected to unlock 339 million tokens, accounting for up to 20.22% of the circulating supply, on May 28. The total value is around 28 million USD. With such a large unlock rate, BIO could experience extreme volatility if liquidity is not sufficient to absorb it.
• Optimism ($OP P) also joins the 'unlock game' with 31.34 million tokens (about 1.83% of the supply), which will be released on May 31, worth nearly 22.7 million USD. This is a scheduled periodic unlock according to the vesting schedule of the development team.
In total, over 200 million USD worth of tokens will be unlocked in less than a week – a clear warning for short-term investors. These projects all have large communities and high trading volumes, but an unexpected 'release' could cause price shocks.
Note: This is not an investment recommendation. It is necessary to closely monitor the behavior of large wallets and price reactions around the unlock time to make reasonable decisions.#DolugCrypto