- SUI leads this week’s unlocks with $108M, heightening pressure on its price action.
- Small cap tokens like Kamino and Renzo show volatility amid sizable unlock events.
- DYDX, OP, and JUP struggle as supply surges add to broader bearish market sentiment.
Crypto markets are bracing for fresh volatility as more than $175 million worth of insider tokens are set to be unlocked, putting key projects under pressure. Insider unlocks often mark moments of volatility as newly released tokens can hit the market, influencing price action.
According to Tokenomist data, this week’s major unlocks span a wide range of sectors from infrastructure tokens like SUI and ZETA to DeFi players such as DYDX and OP. Despite market turbulence, some of these tokens are showing resilience, while others continue their decline under distribution stress and broader bearish sentiment.
Largest Unlock: SUI Dominates With $108M Release
Topping the list is Sui, unlocking a massive $108.11 million worth tokens, representing 0.85% of its circulating supply. As of press time, SUI is trading at $3.69, down 0.44% over the past 24 hours and 8.85% over the last seven days.
With a market cap of $12.68 billion and a daily trading volume nearing $1.8 billion, SUI’s sharp correction suggests that investor caution is growing amid increasing supply pressure.
Another notable release is Jupiter (JUP), with $28.53 million set to unlock. JUP is down 4.28% on the week and is trading at $0.5343. The project holds a market cap of $1.59 billion with a 24-hour volume of $128.8 million.
Optimism (OP) is also on the unlock list, with $21.53 million worth of tokens, or 1.79% of its circulating supply, being released. The token has bounced 2.49% in the last 24 hours, but remains down 10.79% on the week. It trades at $0.6994 and commands a $1.21 billion market cap.
Related: Weekly Insider Token Unlocks Total Over $53.9 Million Across Key Projects
Small Cap Projects See Mixed Moves
Kamino (KMNO), releasing $4.92 million worth (3.49% of supply), has jumped 7.74% over the past 24 hours and is priced at $0.06013, but is still down 9.28% over the week.
Renzo (REZ), with a significant 12.16% of its supply unlocking ($3.92M), trades at just $0.01274 gaining 2.03% over the last 24 hours but has dipped 9.40% this week.
Other unlocks include GAL ($2.70M), ZETA ($2.78M), and DYDX ($2.55M). GAL is stable at $0.822, ZETA sits at $0.2132 with a 7-day drop of 7.98%, and DYDX trades at $0.6171, down 9.98% for the week.
Related: Over $27 Million in Insider Tokens Set to Unlock Between July 21–27
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