🚨 $78.9M in Tokens Unlocking This Week! 🚀
Keep a close eye on your portfolio – a wave of token unlocks is hitting between December 31st and January 3rd, and these events can seriously impact price action. Several projects with established market caps are releasing tokens, so be prepared for potential volatility.
Here’s what’s on the radar:
$SUI unlocks 0.55% (~$78.9M) on January 1st. While the percentage isn’t massive, the absolute value is significant and could create short-term selling pressure. BEAT (Audius) unlocks 2.12% (~$44M) on January 1st – a noteworthy percentage relative to its market cap, so holders should proceed with caution.
$ENA (Ethena) unlocks 0.63% (~$20.1M) on January 2nd. Though not huge,
$ENA is currently sensitive to inflows and outflows, so watch for price reactions. EIGEN (EigenCloud) unlocks 2.07% (~$14.4M) on January 1st, a relatively high percentage for its project size. COCA unlocks 1.84% (~$13M) on January 3rd, and KMNO (Kamino) unlocks 2.20% (~$11M) on December 31st – right before the holidays, meaning lower liquidity and potentially bigger swings. Finally, OP (Optimism) unlocks 0.75% (~$8.9M) on December 31st.
This isn’t a particularly heavy unlock week, but the timing – year-end/new year – means thinner liquidity and a more cautious market. Don’t assume every unlock leads to a price drop, but combine unlocks with a weak market, and the risk definitely increases. Avoid FOMO if you're trading short-term, and if you're holding long-term, use these unlocks to observe where the money is flowing. Protecting your capital is the priority as we close out the year. 🛡️
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