Crypto Market to Unlock Tokens Worth Over $636 Million This Week
This week, the crypto market will experience token unlocks worth over $636.4 million.
Among these, Sui (SUI) will release 13.72 million tokens on August 1, valued at approximately $9.91 million.
The unlocked supply represents 0.34% of the current released supply and will be split three ways: Early Contributors will gain 7.65 million tokens, Community Reserve will receive 4 million, and Mysten Labs Treasury will get 2.07 million SUI.
EigenCloud (EIGEN) will also unlock 36.82 million tokens on August 1, valued at around $7.63 million, representing 5.79% of the released supply. Investors will receive 19.75 million EIGEN and early contributors will get 17.07 million.
Kamino (KMNO) will unlock 229.17 million tokens on July 30, valued at approximately $4.14 million, representing 2.97% of the released supply. The team will distribute most of the unlocked tokens to key stakeholders and advisors, as well as awarding 83.33 million KMNO to core contributors.