Solana Tokens Worth Over $100M Unlocked in September
Nearly $100 million in Solana tokens are set to unlock in September, led by the release of TRUMP tokens worth over $60 million. This large influx of supply is expected to increase circulating supply by more than 10%. The three major events will see the unlock of tokens from Pump.fun, Collector Crypt, and TRUMP, with the latter drawing extra attention due to its political ties.
The largest unlock is the release of 28.271 million TRUMP tokens valued at $60.25 million, which represents a significant increase in circulating supply. While this could potentially impact token prices due to increased supply, Pump.fun and Collector Crypt have implemented buyback and burn plans to offset the increase in supply.
These unlocks are scheduled for September and could have a notable impact on the Solana ecosystem.