Major Liquidity Event: $320M+ Token Unlocks To Reshape Altcoin Market This Week
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- Over $320 million in tokens, including SUI and ENA, will unlock soon.
- This week’s unlocks show a sharp increase compared to last week’s $8.60 million.
- SUI token unlock will alone release $136.12 million.
The altcoin market will go through a major liquidity event this week, with over $320 million worth of tokens available for trading.
Unlocks from SUI and Ethena’s ENA token represent the largest share by value, totaling nearly $208 million combined.
SUI, ENA, W Lead This Week’s Major Token Unlocks
The SUI network’s token sees the week’s single largest unlock based on dollar value. Approximately $136.12 million worth of SUI (representing 1.56% of its circulating supply) is scheduled to become available.
Following closely, Ethena’s ENA token will release $71.58 million (3.25% of circulating supply). Both are substantial enough that they could noticeably impact liquidity and price action for these assets.
The post Major Liquidity Event: $320M+ Token Unlocks To Reshape Altcoin Market This Week appeared first on Coin Edition.
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