Crypto Market Braces for $636M Token Unlock Flood
Three major crypto tokens are set to unlock this week, bringing over $636.4 million into the market.
The first is Sui (SUI), which will release 13.72 million tokens on August 1, worth around $9.91 million and representing 0.34% of its current released supply.
Of these, 7.65 million will go to early contributors, 4 million to the Community Reserve, and 2.07 million to the Mysten Labs Treasury.
EigenCloud (EIGEN) will unlock 36.82 million tokens on August 1, valued at approximately $7.63 million, representing 5.79% of its released supply.
The unlocked tokens will be directed towards investors and early contributors, with 19.75 million going to investors and 17.07 million to early contributors.
Kamino (KMNO) will unlock 229.17 million tokens on July 30, worth around $4.14 million and representing 2.97% of its released supply.
Of these, 145.83 million will go to key stakeholders and advisors, while 83.33 million will be awarded to core contributors.