Jupiter (JUP), Optimism (OP), and Kamino (KMNO) are set to release over 314 million tokens collectively in late July, a move that could significantly impact market dynamics due to concentrated supply influx.
Jupiter’s unlock occurred on July 28, distributing 53.47 million JUP tokens valued at $32.19 million. This represents 1.78% of its circulating supply and primarily satisfies obligations to the project’s team, stakeholders, and contributors.
Optimism is scheduled for a token unlock on July 31, releasing 31.34 million OP tokens worth approximately $26 million. The unlock accounts for 1.79% of OP’s circulating supply.
Kamino will unlock 229.17 million KMNO tokens on July 30, valued at $14 million. This constitutes 9.5% of Kamino’s circulating supply, representing the largest proportional release among the three projects.
Such unlocks typically increase market liquidity but may exert short-term downward pressure on token prices as recipients gain access to previously restricted holdings. Analysts suggest investors closely monitor distribution recipients and volume absorption patterns to identify both volatility risks and potential entry opportunities.