Crypto Market Braces for Fresh Supply from Top Tokens

The crypto market is bracing for several token unlocks this week, which could impact short-term market volatility. The tokens set to release fresh supply include ZKsync (ZK), Kaito (KAITO), LayerZero (ZRO), Meteora (MET), SOON, and MBG.

ZKsync is scheduled for a token unlock on August 17, with approximately $1.31 million worth of tokens set to be released, representing around 1.70% of its market value.

Kaito faces a larger supply event on August 20 at 03:00, with the release valued at approximately $9.09 million, equal to 10.74% of market value. Binance's token-unlock data also lists around 32.6 million KAITO, worth approximately $11.48 million.

LayerZero is another major event on August 20 at 6:00 PM, with the release estimated at around $18.93 million, equal to 6.78% of market value. Tokenomist estimates the August 20 cliff portion at about $21 million, or 2.57% of total supply.