$913M Token Unlocks to Hit the Crypto Market This Week
The crypto market is preparing for significant token unlocks this week, totaling over $913 million. The three major projects to watch are DoubleZero (2Z), Sui (SUI), and Collector Crypt (CARDS). These unlocks could introduce market volatility and influence short-term price movements.
DoubleZero will unlock 1.66 billion 2Z on October 2, worth $113.20 million. This represents 47.69% of the released supply. The tokens are being split 7 ways: Jump Crypto will receive 575 million 2Z, while Malbec Labs and institutions will get 350 million and 300 million tokens, respectively.
Sui will unlock 13.26 million SUI on October 1, worth $16.84 million. This represents 0.32% of the released supply. The unlocked tokens are allocated to early contributors (7.19 million), the community reserve (4 million), and Mysten Labs (2.07 million).
Collector Crypt will unlock 59.26 million CARDS on September 29, worth $11.67 million. This represents 10.62% of the released supply. The team will receive most of the unlocked tokens: 32.50 million CARDS.