Between August 25 and August 30, a number of well-known projects are set to release millions of tokens into circulation, preparing the cryptocurrency market for a wave of major token unlocks. Analysts say that these things could cause more volatility, so traders and investors should pay close attention this week.
August 25: Venom & AltLayer
- Venom (VENOM): 59.26 million tokens will be unlocked, representing 2.34% of supply, valued at $8.9 million.
- AltLayer (ALT): 240 million tokens, or 6.01% of supply, worth around $8.5 million, will enter circulation.
August 26: Huma Finance & Sahara AI
- Huma Finance (HUMA): The biggest unlock of the week, releasing 378 million tokens (a massive 23.38% of supply) with an estimated value of $10 million.
- Sahara AI (SAHARA): 84.27 million tokens, about 3.97% of supply, worth $7.3 million.
August 28: Jupiter & Sophon
- Jupiter (JUP): 53.47 million tokens, 1.78% of supply, valued at $27.1 million.
- Sophon (SOPH): 267 million tokens, making up 12.94% of supply, worth approximately $8.9 million
August 30: Kamino & Renzo
- Kamino (KMNO): 229 million tokens unlocked, 6.81% of supply, totaling $13.3 million.
- Renzo (REZ): 448 million tokens released, representing 11.36% of supply, valued at $6.2 million.
Why This Matters
As early investors and project teams gain access to assets that were previously locked, token unlocks frequently increase the pressure on sellers to sell. When a significant portion of the circulating supply is unlocked at once, this can result in price drops or market swings.
Market participants are advised to exercise caution, monitor liquidity, and manage risk as projects like Huma Finance and Renzo release double-digit percentages of their token supply.
Bottom Line:
As nearly 1.76 billion tokens worth hundreds of millions of dollars are unlocked across major projects, the final week of August could see significant changes in the market. Traders should keep an eye out, keep an eye on these things, and be ready for volatility.
Note
The crypto market is preparing for a wave of major Token Unlocks between August 25–30, which could bring significant volatility. Token Unlocks happen when previously locked coins are released into circulation, often leading to price fluctuations as early investors or teams sell their holdings. Investors and traders are keeping a close eye on these Token Unlocks because they may increase supply and influence market sentiment. While the release may go off without a hitch for some projects, price reductions may be necessary for others. When trading in a volatile crypto environment, it is essential to remain informed about upcoming Token Unlocks.