The crypto market is preparing for significant token unlocks in the fourth week of August 2025. Major projects such as Jupiter (JUP), Optimism (OP), and Kamino (KMNO) will release a large number of new tokens into circulation.
Token unlocks worth millions of dollars can provoke market volatility and affect short-term price dynamics. Here are the tokens to watch in the last week of August.
1. Jupiter (JUP)
Unlocking date: August 28
Number of tokens to unlock: 53.47 million JUP (0.76% of total supply)
Current circulating supply: 3.05 billion JUP
Total supply: 7 billion JUP
Jupiter is a decentralized liquidity aggregator on the Solana (SOL) blockchain. It optimizes trading routes across multiple decentralized exchanges (DEXs) to offer users the best prices for token swaps with minimal slippage.
On August 28, Jupiter will unlock 53.47 million JUP tokens, valued at approximately $27.54 million, which constitutes 1.75% of its circulating supply. This unlock occurs as part of a monthly vesting schedule. Jupiter has allocated 38.89 million JUP tokens to the team. Mercurial holders will receive 14.58 million JUP.
Unlocking of JUP tokens in August. Source: Tokenomist
2. Optimism (OP)
Unlocking date: August 31
Number of tokens to unlock: 31.34 million OP (0.73% of total supply)
Current circulating supply: 1.75 billion OP
Total supply: 4.29 billion OP
Optimism is a second-layer scaling solution for Ethereum (ETH) that uses Optimistic Rollups. It groups transactions off-chain, which helps reduce fees and increase speed while maintaining Ethereum’s security.
The network will release 31.34 million OP on August 31. These tokens constitute 1.79% of the circulating supply and are valued at approximately $24.36 million. Key participants will receive 16.54 million tokens, while investors will get 14.8 million OP.
Unlocking of OP tokens in August. Source: Tokenomist
3. Kamino (KMNO)
Unlocking date: August 30
Number of tokens to unlock: 229.17 million KMNO (2.29% of total supply)
Current circulating supply: 2.6 billion KMNO
Total supply: 10 billion KMNO
Kamino Finance is a decentralized finance (DeFi) protocol on the Solana blockchain that engages in lending, borrowing, and providing liquidity. On August 30, Kamino will unlock 229.17 million KMNO tokens, which constitutes 8.81% of the current circulating supply. These tokens are valued at approximately $13.81 million.
Unlocking of KMNO tokens in August. Source: Tokenomist
The team will distribute a large portion of the unlocked tokens (145.83 million KMNO) among key participants and consultants. Kamino will also reward 83.33 million tokens to core participants. Additionally, Huma Finance (HUMA), Sophon (SOPH), and Venom (VENOM) will also release new tokens into the market. In the last week of the month, tokens worth over $620 million will enter the market.