Token Unlocks Set to Shake Up Crypto Market in Week Ahead
The upcoming week of August 17-23 brings several token unlocks across the crypto market. Tokens like ZKsync (ZK), Kaito (KAITO), LayerZero (ZRO), and Meteora (MET) will be releasing fresh supply, with some events being smaller while others could increase short-term market volatility.
ZKsync is scheduled for a token unlock on August 17, with approximately $1.31 million worth of ZK tokens set to release, representing around 1.70% of its market value. The project's current market value is around $76.80 million.
Kaito faces a larger supply event on August 20 at 03:00, with the scheduled 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 tokens, worth approximately $11.48 million, representing about 7.63% of circulating supply.