3 Token Unlocks to Watch in This Week
The crypto market will welcome tokens worth more than $636.4 million this week. Major projects, including Sui (SUI), EigenCloud (EIGEN), and Kamino (KMNO), will release significant new token supplies.
These unlocks could introduce market volatility and influence short-term price movements. So, here's a breakdown of what to watch.
1. Sui (SUI)
- Unlock Date: August 1
- Number of Tokens to be Unlocked: 13.72 million SUI
- Released Supply: 4.06 billion SUI
- Total supply: 10 billion SUI
Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications (dApps). It also distinguishes itself with an object-centric data model and the Move programming language, which seeks to address inefficiencies in existing blockchain architectures.
On August 1, the network will release 13.72 million SUI into the market, continuing its trend of cliff unlocks at the beginning of the month. The tokens are worth $9.91 million and represent 0.34% of the current released supply.
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