Crypto Markets is preparing for a wave of sales pressure as more than $998 million in token unlocks are in circulation between August 25th and August 31st, according to Tokenomist data.
The largest scheduled releases include SUI (SUI), Optimism (OP), Jupiter (JUP), and Huma Finance (HUMA).
Heavy unlock schedule
Token activation consists of several one-off Cliffs that unlock a total of approximately $185 million per Tokenomist website, with multiple linear unlocks worth $813 million.
SUI is on the list with $161 million worth of tokens, accounting for 1.2% of the supply and is expected to hit the market. It will then be followed by Slash Vision Labs (SVL). This will make nearly 19% of supply available for more than $37 million.
Other notable one-off unlocks include Jupiter's $27.31 million, optimism's $24.3 million, and Kamino's $13.97 million. Meanwhile, Huma Finance will add $10 million worth of traditional cryptocurrencies to the circulation, which amounts to more than 21% of its supply.
Linear de-de- tion has grown to several major assets. Filecoin alone will release more than $22 million Fil Tokens daily, with about $156.39 million a week.
Solana is also heavily unlocked, with more than $104 million scheduled for unlocking, with new SoLs coming to the market, worth around $14.87 each day. Meanwhile, Dogecoin (Doge) faces more than $3 million in new tokens every day.
Elsewhere, avalanche distribution supplies have expanded by around $2.5 million each day, with WorldCoin (WLD) seeing nearly $5 million fresh tokens entering the market this week's daily.
Market outlook
Investors may be particularly wary of Huma's performance, which sets today's new all-time low at $0.0254, down more than 78% from May Peak, according to Coingecko.
Other unlocked tokens have also shown tension, with Sophon (Soff) losing 9% in the last seven days, while Renzo (REZ) down almost 7% in the last 24 hours, 95% below the 2024 high at this writing.
Solana is also in the spotlight. In a recent interview, Bitmex co-founder Arthur Hayes said he prefers to support Ethereum to Sol for the current cycle, suggesting that ETH offers a stronger rise potential. However, despite cutting 3.4% last week, assets rose by more than 10% last week to rise above $200.
Dogecoin, on the other hand, shows a mixed signal. OG Meme Coin is trading at nearly $0.23 as analysts track symmetrical triangle patterns in the charts, falling more than 4% in 24 hours. Support is $0.22 and resistance is $0.25, with a decisive move expected soon. One market watcher Ali Martinez suggested that Doge Rally heading towards $0.31 could follow a breakout, but if you don't keep support, the slide is at risk at $0.19.
