Token Unlocks to Hit Crypto Market This Week: Kaito and LayerZero Lead the Pack

The crypto market is bracing itself for several token unlocks this week, with ZKsync (ZK), Kaito (KAITO), LayerZero (ZRO), and Meteora (MET) among the projects releasing fresh supply. The largest events will occur on August 20, when Kaito and LayerZero unlock tokens worth around $29.4 million and $21 million, respectively.

The impact of these releases on market volatility depends on various factors such as circulating supply, liquidity, and whether newly available tokens are sold or absorbed by buyers. It's essential to note that token unlocks do not automatically mean prices will fall.

Meteora has a relatively small release scheduled for August 23, with around $1.16 million worth of tokens being unlocked, equivalent to 1.31% of its market value. Other notable releases include SOON on August 23 and MBG by MultiBank Group on August 22.