Top Crypto Unlocks This Week: Key Releases and Market Insights

This week, several prominent tokens are experiencing significant unlock events that could affect their price, market cap, and circulating supply. Below, we dive into the top token unlocks you should keep an eye on, providing insights into their potential market impact based on their current data.

1. Celo (CELO)

Price: $0.351
24h Change: +4.22%
Market Cap: $198.95M
Circulating Supply: 565.27M
Released Percentage: 56.3%
Upcoming Unlock: $706.7K (0.36%) in 0 days 7h 34m

Celo has seen a positive 4.22% increase in the past 24 hours, reflecting positive market sentiment. With a market cap of nearly $199 million, the project is approaching its token unlock, which will release a portion of its circulating supply. At 56.3% of its total token supply already in circulation, the upcoming unlock is expected to release a modest 0.36% of its tokens, with an estimated value of $706.7K. This relatively small percentage release might have limited short-term price impact.

2. Optimism (OP)

Price: $0.751
24h Change: -2.51%
Market Cap: $1.22B
Circulating Supply: 1.62B
Released Percentage: 34.6%
Upcoming Unlock: $23.58M (1.93%) in 0 days 7h 34m 11s

Optimism has faced a slight dip of 2.51% in the last 24 hours, suggesting some market consolidation or reaction. With a market cap exceeding $1 billion, it is positioned as a major player. The upcoming token unlock will release approximately 1.93% of its tokens, worth around $23.58M. Given the size of this unlock, this event could have a more pronounced effect on market sentiment and price movement in the short term.

3. 1inch (1INCH)

Price: $0.190
24h Change: -1.44%
Market Cap: $262.24M
Circulating Supply: 1.38B
Released Percentage: 92.4%
Upcoming Unlock: $2.85K (<0.01%) in 1 day 3h 34m 10s

1inch has seen a small decline of 1.44% in the past 24 hours, and its market cap stands at $262.24 million. Interestingly, 92.4% of its token supply has already been released into circulation, which is a significant percentage. The upcoming unlock is set to release only a tiny portionless than 0.01%equating to just $2.85K. This small release will likely have little impact on the price or overall market activity for 1inch.

4. Sui (SUI)

Price: $2.37
24h Change: +2.60%
Market Cap: $7.50B
Circulating Supply: 3.17B
Released Percentage: 31.7%
Upcoming Unlock: $152.14M (2.03%) in 1 day 7h 34m 10s

Sui has seen a solid gain of 2.60% in the last 24 hours, reflecting positive sentiment. With a market cap of $7.5 billion, this token unlock is significant. The release of 2.03% of the token supply, valued at approximately $152.14 million, will likely generate market interest. As a major player with a substantial market cap, this unlock could influence its price and circulating supply in the coming days.

5. Zeta (ZETA)

Price: $0.295
24h Change: -0.28%
Market Cap: $215.13M
Circulating Supply: 731.65M
Released Percentage: 34.7%
Upcoming Unlock: $13.07M (6.05%) in 1 day 7h 34m 10s

Zeta has experienced a slight drop of 0.28% in the last 24 hours. With a market cap of $215.13 million, the upcoming unlock will release 6.05% of its token supply, valued at approximately $13.07 million. Given the size of the release, this unlock event could lead to significant market fluctuations, depending on investor sentiment.

6. dYdX (DYDX)

Price: $0.643
24h Change: -0.30%
Market Cap: $490.51M
Circulating Supply: 762.08M
Released Percentage: 67.0%
Upcoming Unlock: $5.36M (1.09%) in 1 day 7h 34m 10s

dYdX has seen a modest decrease of 0.30% in the last 24 hours. The upcoming unlock will release 1.09% of its token supply, worth $5.36 million. With 67% of its total supply already in circulation, this release will add a moderate amount to the circulating supply but is unlikely to have a dramatic impact on the tokens value.

7. Eigen (EIGEN)

Price: $0.939
24h Change: +1.42%
Market Cap: $230.49M
Circulating Supply: 244.49M
Released Percentage:
Upcoming Unlock: $1.21M (0.53%) in 2 days 2h 34m 10s

Eigen has been showing positive movement with a 1.42% gain in the past 24 hours. The upcoming unlock is scheduled to release a small portion of its tokens, valued at $1.21 million. While the percentage release is not provided, the relatively low volume and the timing of the unlock suggest it could have a minor short-term impact on its market activity.

8. IOTA (IOTA)

Price: $0.172
24h Change: -0.43%
Market Cap: $636.19M
Circulating Supply: 3.69B
Released Percentage: 74.6%
Upcoming Unlock: $2.61M (0.41%) in 2 days 7h 34m 10s

IOTA has faced a small drop of 0.43% in the past 24 hours, but it still holds a relatively high market cap of $636.19 million. The upcoming token unlock will release 0.41% of its total supply, amounting to $2.61 million. With over 74% of its total supply already circulating, this release is not likely to dramatically affect IOTAs market but could influence price movement in the short term.

9. Ethena (ENA)

Price: $0.370
24h Change: -0.17%
Market Cap: $1.95B
Circulating Supply: 5.29B
Released Percentage: 35.2%
Upcoming Unlock: $15.06M (0.77%) in 2 days 2h 34m 10s

Ena has experienced a slight decrease of 0.17% in the past 24 hours, with a market cap of $1.95 billion. The upcoming unlock will release 0.77% of its token supply, worth approximately $15.06 million. With over a third of its total supply already in circulation, this release could have a modest impact on its price and investor sentiment.

Final Thoughts

As we can see, each token unlock comes with unique market dynamics. Larger market cap tokens like Sui and Optimismare likely to have a more noticeable impact due to their significant unlock volumes. Meanwhile, tokens like 1inch and Eigen, with smaller releases, may not see drastic effects. However, its important to keep an eye on these events as they can still create opportunities for short-term market fluctuations.

By understanding the timing and size of these unlocks, investors can make more informed decisions about their crypto holdings in the coming days.

Source

The post Top Crypto Unlocks This Week: Key Releases and Market Insights appeared first on Coindoo.

Text source: Coindoo

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