The crypto market is anticipating a significant shift as over $347 million worth of tokens are set to be unlocked between July 29 and August 4, 2024. According to data from Token Unlocks, these releases include substantial amounts from notable projects such as W ($171.72 million), OP ($54.53 million), and SUI ($48.98 million), which are expected to have a considerable impact on the market.

Specifically, the VC-backed project W will release $171.72 million, accounting for 33.33% of its circulating supply. Similarly, the OP token will see $54.53 million unlocked, representing 2.79% of its circulating supply. The SUI token will unlock $48.98 million, or 2.56% of its circulating supply. Other significant unlocks include ZETA, with $33.69 million (18.92% of its circulating supply) being released, GAL with $14.81 million (3.52%), DYDX with $10.58 million (3.65%), and ENA with $6.58 million (0.87%).

The percentage of total supply being unlocked varies widely across these tokens. For example, TOKE will have 84.42% of its supply unlocked, TECH 85.71%, IMNC 36.69%, OP 27.37%, ZETA 13.47%, SUI 25.13%, DYDX 56.77%, 1INCH 85.71%, W 19.97%, ENA 8.75%, FORT 46.1%, and LOTT 91.53%. These releases could significantly affect liquidity and market supply, potentially leading to price volatility. Investors and market participants should closely monitor these developments, as they could influence market dynamics and investor sentiment significantly.

Stay informed and vigilant as these events unfold to navigate the potential market fluctuations effectively. The upcoming token unlocks could present both opportunities and risks, making it crucial to stay updated on these significant market changes.

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