The storm of cryptocurrency is coming! A wave of token unlocks exceeding 100 million dollars for SUI, JUP, OP, and others is approaching, and a massive market upheaval is imminent!
In the cryptocurrency field, this week is destined to be a moment of dramatic changes. According to Token.Unlocks data, popular tokens like SUI, JUP, and OP are about to welcome an unprecedented large-scale unlock feast, releasing tokens worth over 100 million dollars in total, which will undoubtedly stir up huge waves in the market.
First up is SUI, the token for the Sui project. On August 1 at 8:00 AM, 44 million tokens will be unlocked, valued at approximately 194 million dollars, accounting for 1.27% of its circulation. This scale of unlocking is undoubtedly a major test for the market trend of SUI. As an emerging cryptocurrency, SUI has always attracted significant attention in the market, and the trend following this unlock will undoubtedly resonate with countless investors.
Next, on July 28 at 10:00 PM, the Jupiter project token JUP will unlock 53.47 million tokens, valued at approximately 32.22 million dollars, accounting for 1.78% of its circulating supply. As an important player in the decentralized exchange field, the price trend of JUP has always been closely related to market trading activity. This large-scale unlock may bring new fluctuations to JUP's price and subsequently affect the sentiment of the entire decentralized trading market.
Meanwhile, Ethena (ENA) is also not to be outdone, unlocking 40.63 million tokens on August 2 at 3:00 PM, valued at approximately 27.16 million dollars, accounting for 0.64% of its circulation. As an emerging cryptocurrency finance project, Ethena has always sought to establish a presence in the market. This token unlock may become a key milestone in its development, attracting more market attention and capital inflow.
Finally, Optimism (OP) will unlock 31.34 million tokens on July 31 at 8:00 AM, valued at approximately 23.50 million dollars, accounting for 1.79% of its circulation. As a leader in Ethereum Layer 2 scaling solutions, the market performance of its token OP has always been under close scrutiny. This unlock event will undoubtedly add more uncertainty to OP's price trend, while also prompting the market to deeply consider the future direction of Ethereum's scaling ecosystem.
The wave of token unlocks is set to fill the cryptocurrency market with opportunities and challenges this week.
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