- Sui dominates token unlocks with $99M release, but strong rally may offset pressure
- Omni Network unlocks 78.94% of supply, yet low liquidity raises price volatility risk
- Optimism, Renzo, and dYdX unlocks signal elevated interest amid positive price trends
The crypto market is bracing for significant token unlocks next week, April 28th through May 4th, with over $183.4 million worth of tokens scheduled for release, per Tokenomist data. Among the must-watch projects are Sui ($SUI), Omni Network ($OMNI), and Optimism ($OP), which together account for more than $160 million of these unlocks.
These events often introduce selling pressure and are closely tracked by investors seeking potential price action or trend shifts. Besides, a number of the unlocked tokens have shown strong market performance leading up to the unlock, creating added interest in how prices might respond post-event.
Related: Token Unlocks Calendar Apr 21-27: Key Levels & Analysis for UDS, ALT & More
Major Unlocks: SUI, OMNI, OP Face Potential Volatility
Sui ($SUI) leads with the largest unlock by dollar value at $99.03 million, representing 0.90% of its circulating supply. Sui has seen an exceptional rally, rising 17.63% in the past 24 hours and 69.20% over the past week. It is now trading at $3.58 with a massive 24-hour volume of $3.49 billion. Its circulating supply stands at 3.2 billion, placing its market capitalization at $11.6 billion.
Omni Network ($OMNI) presents a different picture, facing a notably high unlock relative to its current supply – $37.31 million worth, which is 78.94% of its circulating tokens. Despite this large pending supply increase, OMNI’s price has held steady at $1.30 with no notable 24-hour change but is up 34.02% over the past week. The project has a relatively small circulating supply of 620,000 tokens and a market cap of $804,122. Its 24-hour trading volume is limited at just $237, indicating illiquidity concerns.
Optimism ($OP) will unlock $24.78 million worth of tokens, which is 1.89% of its circulating supply. OP is trading at $0.8053 after gaining 6.07% in the past 24 hours and 24.34% this week. It has a 1.7 billion token supply and a $1.32 billion market cap, supported by a solid $136 million in daily trading volume.
Mid-Tier Unlocks: REZ, DYDX, KMNO Also Releasing Supply
Renzo ($REZ) and dYdX ($DYDX) are unlocking $5.51 million and $5.37 million worth of tokens respectively. REZ represents 14.80% of its supply and is trading at $0.01548, up 16.47% daily and 27.95% weekly. Its trading volume stands at $30.36 million.
dYdX unlocks 1.09% of supply and is now priced at $0.6663. It gained 5.73% over the last day and 17.38% over the week.
Related: Massive Crypto Unlocks This Week: TRUMP, ZKJ, SAROS Lead $400M+ Release
Kamino ($KMNO), unlocking $4.74 million or 6.17% of its supply, has slightly declined 2.36% in the past 24 hours. It trades at $0.05771 with $6.67 million in daily volume, still reflecting a 15.54% increase over the past week.
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