Nearly $1B in Token Unlocks This Week Puts Pressure on These Altcoins

Crypto markets are preparing for a wave of selling pressure as more than $998 million worth of token unlocks hit circulation between August 25 and August 31, according to data from ￰0￱ largest scheduled releases include Sui (SUI), Optimism (OP), Jupiter (JUP), and Huma Finance (HUMA). Heavy Unlock Schedule The token activations consist of several one-off cliff unlocks totaling roughly $185 million per the Tokenomist website, as well as multiple linear unlocks, which will contribute a much larger $813 ￰1￱ tops the list with $161 million worth of tokens, representing 1.2% of supply, set to hit the ￰2￱ is followed by Slash Vision Labs (SVL), which will make available nearly 19% of its supply valued at more than $37 ￰3￱ notable one-time unlocks include Jupiter’s $27.31 million, Optimism’s $24.30 million, and Kamino’s $13.97 ￰4￱ Finance, meanwhile, will add nearly $10 million worth of its native cryptocurrency, amounting to more than 21% of its supply, to ￰5￱ unlocks will stretch across several major ￰6￱ alone will see more than $22 million worth of its FIL token released daily for a total of about $156.39 million over the ￰7￱ is also scheduled for significant unlocks, amounting to over $104 million, with each day seeing about $14.87 worth of new SOL hitting the market.

meanwhile, Dogecoin (DOGE) faces just over $3 million in new tokens each day. Elsewhere, Avalanche’s circulating supply will expand by about $2.5 million daily, and Worldcoin (WLD) will see close to $5 million in fresh tokens entering the market each day of this ￰8￱ Outlook Investors may be particularly alert to the performance of HUMA, which set a new all-time low at $0.0254 today according to CoinGecko, down more than 78% from its May ￰9￱ unlock-bound tokens are also showing strain, with Sophon (SOPH) losing 9% in the last seven days, while Renzo (REZ) dropped almost 7% in the last 24 hours and was trading 95% below its 2024 high at the time of this ￰10￱ is also in the ￰11￱ a recent interview, BitMEX co-founder Arthur Hayes said he prefers to back Ethereum over SOL for the current cycle, suggesting ETH offers stronger upside potential.

However, the asset has risen by more than 10% in the last week to just over $200, even though it shaved off 3.4% in the past day. Meanwhile, Dogecoin is showing mixed ￰12￱ OG meme coin is trading near $0.23, down more than 4% in 24 hours, with analysts tracking a symmetrical triangle pattern forming on the ￰13￱ sits at $0.22 and resistance at $0.25, with a decisive move expected ￰14￱ market watcher, Ali Martinez, suggested a DOGE rally toward $0.31 could follow a breakout, while failure to hold support risks a slide to $0.19.