The first week of August will witness a large volume of SUI, ENA, OP Tokens along with many projects unlocking, affecting circulating supply and the cryptocurrency market.

Token unlocking occurs simultaneously with a diverse quantity, with conversion values ranging from a few million to hundreds of millions of USD, which can affect liquidity and price volatility of these coins.

MAIN CONTENT

  • SUI unlocks 44 million Tokens, accounting for 1.27% of circulating supply, valued at approximately 188 million USD.

  • ENA and OP are also expected to unlock with values of approximately 25 million and 22.8 million USD, respectively.

  • Projects like Kamino, Jupiter, and Sign have high unlocking rates, significantly affecting supply.

When does the SUI Token unlocking event take place and what is its impact?

SUI is set to unlock approximately 44 million Tokens at 8 AM on August 1st according to Vietnam time, accounting for 1.27% of total circulating supply, equivalent to nearly 188 million USD.

This is a notable unlocking event due to the large volume of Tokens. The event may create supply pressure on the market, affecting price volatility in the short term, especially for investors focused on liquidity and supply.

Experts believe that monitoring large unlock events is very important to assess volatility and investment opportunities in the cryptocurrency market.

How many Tokens are Ethena (ENA) and Optimism (OP) unlocking and what is their value?

Ethena will unlock approximately 40.63 million Tokens at 2 PM on August 2nd (Vietnam time), accounting for 0.64% of circulating supply, equivalent to 25 million USD.

Optimism is expected to unlock about 31.34 million Tokens at 7 AM on July 31st, accounting for 1.79% of circulating supply, equivalent to 22.8 million USD.

These figures indicate that the value of unlocking events remains very large, while the volume of Tokens added to the supply can also cause temporary market volatility.

The unlocking of Tokens in large volumes is a crucial factor that directly affects the supply-demand balance of Tokens, influencing market prices.
Nguyen Minh Tuan, CEO of the Cryptocurrency Investment Fund, 07/2024

How do projects like Kamino, Jupiter, and Sign unlock Tokens and what is the impact?

Kamino unlocks approximately 229 million Tokens (9.53% of circulating supply) at 7 PM on July 30th, valued at 13.8 million USD.

Jupiter unlocks 53.47 million Tokens (1.78% of circulating supply) at 9 PM on July 28th, equivalent to 31.7 million USD. Sign unlocks 150 million Tokens (12.5%), valued at 11.7 million USD on the same day at 6 PM.

A high unlocking rate in these projects signals a significant amount of Tokens about to be pumped into the market, affecting liquidity and the potential for price volatility.

How significant are the Token unlockings of GoPlus Security (GPS) and ZetaChain (ZETA)?

GPS plans to unlock 542 million Tokens (20.42% of circulating supply) at 8 AM on August 1st, valued at 11.6 million USD.

ZETA unlocks 44.26 million Tokens (4.78%) at the same time, valued at approximately 9.9 million USD.

The very large unlocking size of GPS significantly impacts the circulating supply, making it essential for investors to closely monitor it to adjust their investment strategies accordingly.

Updating and analyzing Token unlocking data is key to helping investors and portfolio management funds minimize risks and optimize profits.
Tran Van Hung, Cryptocurrency Market Analyst, 2024

Frequently Asked Questions

How does the unlocking of Tokens affect market prices?

Unlocking Tokens increases circulating supply, which can create downward pressure on prices if market demand does not increase correspondingly.

How to track significant Token unlocking events?

Investors should use on-chain data and reports from analytical platforms to update unlocking schedules and volumes.

Does a large volume of Token unlocking always have negative implications?

Not necessarily, unlocking Tokens can help improve liquidity, but if there is no new cash flow to offset, it will create pressure on prices.

Which investors need to pay the most attention to Token unlocking events?

Short-term traders and fund managers need to closely monitor unlocking events to adjust positions and investment strategies.

How is the value of unlocked Tokens calculated in USD?

Calculated based on the market price at the time of unlocking combined with the volume of Tokens issued.

Source: https://tintucbitcoin.com/sui-ena-op-mo-khoa-luong-lon/

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