Crypto token unlocks halve to $3B in August — SUI, FTN top the list

Key Points

1. Crypto token unlocks are projected to fall to $3 billion in August, down 52% from $6.3 billion in July.

2. SUI will release $167.62 million in vested tokens on August 1, the largest unlock for the month, with only 34.5% of its tokens unlocked in August.

3. Fasttoken will unlock $91.6 million on August 18, but the impact may be minimal as over 94% of its tokens are already in circulation.

4. Other notable unlocks include Aptos ($51.5 million), Avalanche ($40.35 million), and Arbitrum ($39.24 million).

5. Vincent Kadar, CEO of Polymath, notes the 50% drop in unlock value is significant but not indicative of a long-term slowdown, reflecting a shift in investor focus to token fundamentals like governance and utility.