Recent data reveals that several cryptocurrencies are set to unlock significant amounts of tokens next week, a development that could influence market dynamics. Notably, Celestia (TIA) is scheduled to unlock approximately 175.6 million tokens at 2:00 PM UTC on October 30. This represents a staggering 79.75% of the circulating supply, an unlock valued at around $941 million.
Sui (SUI) is also making headlines with an unlock of about 64.19 million tokens at 12:00 AM UTC on November 1, accounting for 2.32% of its circulating supply, which is worth an impressive $116 million. Optimism (OP) will unlock around 31.34 million tokens at 12:00 AM UTC on October 31, contributing 2.50% of the circulating supply, valued at about $49.5 million.
Additionally, Immutable (IMX) is set for an unlock of approximately 32.47 million tokens at 12:00 AM UTC on November 1, reflecting 1.98% of its circulating supply, with a total worth of around $43.19 million. The unlocks continue with Cardano (ADA), which will release about 18.53 million tokens at 12:00 AM UTC on November 1.
This unlock equates to 0.05% of the total circulating supply, estimated at approximately $6.2 million. In the decentralized finance arena, dydx (DYDX) will see an unlock of around 8.33 million tokens at 12:00 AM UTC on November 1, representing 1.29% of its circulating supply, worth about $8.1 million.
Meanwhile, Manta Network (MANTA) is preparing for an unlock of around 1.87 million tokens at 11:59 PM UTC on October 31, corresponding to 0.49% of its circulating supply, valued at approximately $1.2 million. Ethena (ENA) will unlock about 12.86 million tokens at 7:00 AM UTC on October 30, representing 0.47% of the circulating supply, estimated to be worth around $4.5 million.
Additionally, the Artificial Superintelligence Alliance (FET) is scheduled to unlock about 3.5 million tokens at 12:00 AM UTC on October 28, which represents 0.13% of its total circulating supply, valued at around $4.3 million. Finally, Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 7:00 PM UTC on October 29, making up 0.69% of its circulating supply, worth approximately $3.8 million.
As the unlock dates approach, market participants will be closely monitoring these developments, as they could lead to significant fluctuations in the prices of these tokens..