Tension in the crypto market: Unlocking tokens worth 453 million dollars
The cryptocurrency market is preparing for potential turbulence. This week, tokens worth over 453 million dollars will be unlocked. According to the Tokenomist service, we are expecting significant cliff unlocks, including for Ethereum Name Service (ENS), Immutable X (IMX), and Elixir (ELX). Additionally, crypto giants like Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX) will be subject to daily, linear token distributions.
The largest unlock concerns ENS – around 213 million dollars in these tokens will enter the market, which represents over 3% of the current supply. IMX follows closely, with its unlock reaching approximately 55 million dollars (just over 1% of the supply).
The supply of Solana will increase by nearly 100 million dollars, and Worldcoin will release WLD tokens worth about 32 million dollars. Dogecoin will introduce over 96 million new coins valued at 19.79 million dollars, while Celestia will add 6.96 million TIA tokens valued at around 13 million dollars. Avalanche will increase its supply by about 16 million dollars, and Sui will add 3.01 million coins worth just under 10 million dollars. However, this is just the beginning – the September wave of unlocks is set to reach a staggering total of 4.7 billion dollars.
A sudden increase in supply, with insufficient demand, could trigger sharp price fluctuations. Linear distribution schedules mitigate this effect by gradually releasing tokens. However, this week is special – many large unlocks overlap, increasing the risk of short-term turbulence, especially for tokens with lower liquidity. Investors should pay particular attention.
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The cryptocurrency market is preparing for potential turbulence. This week, tokens worth over 453 million dollars will be unlocked. According to the Tokenomist service, we are expecting significant cliff unlocks, including for Ethereum Name Service (ENS), Immutable X (IMX), and Elixir (ELX). Additionally, crypto giants like Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX) will be subject to daily, linear token distributions.
The largest unlock concerns ENS – around 213 million dollars in these tokens will enter the market, which represents over 3% of the current supply. IMX follows closely, with its unlock reaching approximately 55 million dollars (just over 1% of the supply).
The supply of Solana will increase by nearly 100 million dollars, and Worldcoin will release WLD tokens worth about 32 million dollars. Dogecoin will introduce over 96 million new coins valued at 19.79 million dollars, while Celestia will add 6.96 million TIA tokens valued at around 13 million dollars. Avalanche will increase its supply by about 16 million dollars, and Sui will add 3.01 million coins worth just under 10 million dollars. However, this is just the beginning – the September wave of unlocks is set to reach a staggering total of 4.7 billion dollars.
A sudden increase in supply, with insufficient demand, could trigger sharp price fluctuations. Linear distribution schedules mitigate this effect by gradually releasing tokens. However, this week is special – many large unlocks overlap, increasing the risk of short-term turbulence, especially for tokens with lower liquidity. Investors should pay particular attention.
------------
📰Daily news from the crypto world
📺Interviews with a Polish-speaking narrator
▶YouTube - https://youtube.com/@CryptoCashoutTV
✖️ Follow on X.com - CryptoCashoutTV
🎵 Follow on TikTok - cc.tv.news
🌍 www.cryptocashout.pl
