- SUI leads weekly unlocks with $108M (0.85% of supply) on Aug 1, raising its total unlocked share to 34.57%.
- JUP and OP unlocks worth $28.5M and $21.5M could pressure prices, with combined releases intensifying market volatility.
- BTC at 117,500, ETH holds $3,616 with 15-day ETF inflows, but $522M liquidations show rising market stress.
Crypto markets could face fresh volatility as over $175 million in insider tokens are scheduled for release between July 28 and August 3. These unlocks often create price pressure as large volumes enter circulation, raising concerns from investors.
Multiple tokens are included, with SUI leading the pack. Meanwhile, the broader crypto market shows signs of strain, with Bitcoin dropping below $115,200 but recovering later to $117,500 and altcoins reacting accordingly.
SUI, JUP, and OP Dominate the Weekly Unlock Volume
SUI tops the list with a $108.11 million release, representing 0.85% of its circulating supply. As of August 1, 34.57% of its total supply will be unlocked. Following closely, JUP will see a $28.53 million unlock on July 28, accounting for 1.78% of supply. Its total unlocked amount will rise to 42.16%.
OP is set to unlock $21.53 million worth of tokens on July 31, pushing its total unlocked share to 37.77%. These three tokens make up the bulk of this week’s unlock value. However, the timing of their releases could pressure prices due to potential sell offs by early holders.
Multiple Projects to See Large Supply Releases on August 1
Several tokens will unlock significant percentages of their total supply on August 1. DYDX will reach 70.58% unlocked, while ZETA moves to 44%. GAL will cross 81.19%, one of the highest percentages among all tokens releasing this week.
SUI also falls into this group, with its supply release scheduled the same day. These unlocks on a single date could intensify volatility. With multiple projects increasing their circulating supply simultaneously, the risk of downward price action rises notably.
Market Downturn Adds Pressure Ahead of Unlocks
According to CryptoRank, the overall crypto market declined by 1.3% ahead of the unlocks. Bitcoin dropped by 2.6%, to $115,178 before recovering to $117,500, while Ethereum rose by 1.13% to $3,616, continuing a 15-day ETF inflow streak.
The total crypto market cap now is at $3.98 trillion. Notably, $522 million in liquidations were recorded, indicating increased market tension. Fear & Greed Index is at 70, suggesting persistent greed sentiment despite ongoing volatility.
Unlock Wave and Market Dip
The overlap of large unlocks and falling market sentiment raise volatility next week. With over $175 million in value releasing, most from SUI, JUP, and OP, traders face increased risk.
The supply increases across major projects like DYDX, ZETA, and GAL further complicate short term price stability. However, Ethereum’s recent strength offers a counterbalance in a generally pressured market environment.
