Over $175M in Insider Unlocks to Hit Markets Between July 28 to August 3
Main Idea
Over $175 million worth of insider tokens, led by SUI with $108 million, are set to unlock between July 28 to August 3, potentially impacting the price action of various cryptocurrencies.
Key Points
1. SUI leads the unlocks with $108.11 million (0.85% of circulating supply), trading at $3.69 with a market cap of $12.68 billion.
2. Jupiter (JUP) is set to unlock $28.53 million, trading at $0.5343 with a market cap of $1.59 billion.
3. Optimism (OP) will unlock $21.53 million (1.79% of supply), trading at $0.6994 with a market cap of $1.21 billion.
4. Smaller projects like Kamino (KMNO) and Renzo (REZ) are also unlocking tokens, with mixed price movements.
5. Other tokens unlocking include GAL ($2.70M), ZETA ($2.78M), and DYDX ($2.55M), with varying weekly performance.
Description
SUI leads this week’s unlocks with $108M, heightening pressure on its price action. Small cap tokens like Kamino and Renzo show volatility amid sizable unlock events. DYDX, OP, and JUP struggle as supply surges add to broader bearish market sentiment. Crypto markets are bracing for fresh volatility as more than $175 million worth of insider tokens are set to be unlocked, putting key projects under pressure. Insider unlocks often mark moments of volatility as newly released tokens can hit the mar...
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