The cryptocurrency market is bracing for a wave of token unlocks in August, potentially shaking price stability across many altcoins. More than $2.5 billion worth of previously locked tokens are scheduled to enter circulation, raising concerns about increased selling pressure, especially during a month that has historically shown weakness.

🔓 Biggest Unlock Events This Month: SUI, ENA, and APT Lead the Way

According to a fresh analysis by CryptoRank, several major projects will undergo significant token unlocks in August:

🔹 Sui (SUI) – On August 1, 56.91 million SUI tokens were unlocked for early investors, valued at approximately $210.4 million, accounting for 1.65% of the token’s market cap.

🔹 Ethena (ENA) – On August 2, 94.91 million ENA tokens worth around $55.32 million were unlocked (1.48% of the market cap).

🔹 Aptos (APT) – On August 12, 11.31 million tokens will be released into circulation, worth $49.75 million, affecting about 1.69% of its total market cap.

🔹 LayerZero (ZRO) – On August 20, a major unlock of $43.81 million in ZRO tokens is expected, representing a notable 22.2% of the token’s total market cap – the highest percentage among tracked projects.

🔹 Arbitrum (ARB) – On August 16, 92.63 million ARB tokens worth $37.67 million will enter the market.

📌 Other Notable Unlocks in August

Additional large unlocks expected this month include:

🔹 pump.fun (PUMP) – $28.3 million

🔹 Kaito (KAITO) – $20 million

🔹 Jito Labs (JTO) – $19.6 million

🔹 Starknet (STRK) – $15.3 million

🔹 Immutable (IMX) – $13 million

These events could further intensify selling pressure in the altcoin sector.

📉 Market Outlook: Bearish Sentiment Strengthens

Historical data from Coinglass reveals that August has typically been a bearish month for crypto — Bitcoin and Ethereum have often posted negative returns in this period over the past decade. The added supply from token unlocks could undermine bullish sentiment, especially if recipients rush to sell their newly liquid assets.

🧾 Investors Are Positioning Early

As the market prepares for major unlocks, some institutional players are moving in advance. Mill City Ventures recently announced the closure of a $450 million private placement and the launch of its SUI asset management strategy. The company secured 76,271,187 SUI tokens at an average price of $3.6389, positioning itself just ahead of the unlock wave.


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