The cryptocurrency market is preparing to welcome a new wave of liquidity as several major projects will unlock tokens in September 2024. According to statistics from tiendientu, the total value of tokens being unlocked this month amounts to approximately 1 billion USD.
The three projects with the largest token unlocks are Sui (SUI), Ethena (ENA), and Aptos (APT). The detailed token unlock schedule is as follows:
- September 1: Sui (SUI) unlocks 56.9 million tokens, equivalent to 185 million USD
- September 2: Ethena (ENA) unlocks 94.2 million tokens, valued at 59.4 million USD
- September 7: Jito Labs (JTO) unlocks 11.31 million tokens, valued at 21 million USD
- September 12: Aptos (APT) unlocks 11.31 million tokens, valued at 47.7 million USD
- September 14: pump.fun (PUMP) unlocks 10 billion tokens, equivalent to 33.7 million USD
- September 15: Starknet (STRK) and Sei (SEI) unlock tokens worth 15.7 million USD and 26.5 million USD, respectively
- September 16: Arbitrum (ARB) unlocks 92.63 million tokens, valued at 45 million USD
- September 20: LayerZero (ZRO) unlocks 24.68 million tokens, valued at 45 million USD
- September 25: Particle Network (PARTI) unlocks 92.59 million tokens, valued at 16.1 million USD
- September 30: Optimism (OP) unlocks 32.21 million tokens, equivalent to 22 million USD
Related: 21Shares Files ETF Application for SEI
Remarks and Evaluation:
The mass unlocking of tokens, with a total value of up to 1 billion USD in September, could create strong selling pressure on the cryptocurrency market. This is a significant figure that can affect the price trends of related coins.
Notably, the case of Particle Network (PARTI) is striking, with an unlocking rate of up to 39.7% of the total circulating supply, and LayerZero (ZRO) at 10.3%—both of which are quite high numbers that could shock supply and demand. Investors need to carefully monitor the price movements of these tokens in the near future.
While token unlocks are a natural part of project development roadmaps, their short-term impact on prices is often negative due to increased selling pressure. However, in the long term, this could create better liquidity for the market if the projects continue to thrive.
Note: This is just a partial statistic of prominent projects. Investors can find more detailed information at Tokenomist and CryptoRanks.
