Crypto
Over $263 million in crypto will be unlocked this week, potentially triggering market volatility. Here are the top seven unlocks of the week.
Top 7 Token Unlocks This Week – Over $263 Million
1. Sui (SUI)
On April 1st, over 80 million SUI tokens will be unlocked, representing 0.8% of the total supply. So far, 31.7% of the supply has been unlocked, according to CryptoRank data.
The unlock amount is over $179 million, or 2.51% of the fully diluted market cap of the token at $396 million.
Today, SUI is trading at $2.24, with a market cap of $7.1 billion, down by over 5%.
2. Ethena (ENA)
On April 2nd, over 94 million ENA tokens will be unlocked, representing over 0.6% of the total supply. So far, over 35% of the supply has been unlocked.
The unlock amount is more than $32 million, or almost 1.8% of the fully diluted market cap of the coin at $8,23 billion.
Today, ENA is trading close to $0.35, with a market cap of $1.84 billion, down by 4% in the past 24 hours.
3. Optimism (OP)
Today, over 32 million OP tokens will be unlocked, or 0.75% of the total supply. 34% of the supply has been unlocked so far.
The unlock amount is over $23 million or almost 2% of the fully diluted market cap of the token at $525 million.
OP is down by almost 4% today, and the coin is trading above $0.73 with a market cap of over $1.18 billion.
4. Tribe (TRIBE)
On April 3rd, over 40 million TRIBE tokens will be unlocked, or 4% of the total supply. So far, 54% of the supply has been unlocked.
The unlock amount is over $13.5 million or almost 8.8% of the fully diluted market cap of the token at $3.88 billion.
TRIBE is worth $0.33.
5. Grass (GRASS)
Today, over 3.7 million GRASS tokens will be unlocked, or 0.37% of the total supply. Almost 26% of the total supply has been unlocked so far.
The unlock amount is $6,26 million or 1.35% of the fully diluted market cap of the token at over $97 million.
GRASS is down by over 5% today, and the coin is trading at $1.66 with a market cap of over $405 million.
6. ETHDYDX (dYdX)
ON April 1st, over 8 million dYdX tokens will be unlocked, or over 1.8% of the total supply. So far, over 60% of the total supply has been unlocked.
Over $5 million will be unlocked, representing over 1,8% of the fully diluted market cap of the coin at $206 million.
dYdX is down by over 4% today, trading close to $0.62 with a market cap of almost $473 million.
7. Maverick Protocol (MAV)
On April 1st, over 49 million MAV tokens will be unlocked, representing almost 2.5% of the total supply. So far, over 27% of the supply has been unlocked.
The unlock amount is over $3,3 million or almost 10% of the fully diluted market cap of the token at $89 million.
MAV is down by over 3% today, trading above $0.06 with a market cap of over $33 million.
These token unlocks are important events as they can trigger buying or selling pressure for the tokens.
