Key Altcoins to Avoid Trading Next Week Due to $270M Token Unlock Event
- Sui (SUI): On September 1, 64.19 million SUI tokens worth $51.60 million will be unlocked, potentially driving the market price down.
- ImmutableX (IMX): September 6 will see 32.47 million IMX tokens released, valued at $47.41 million, likely increasing market volatility.
- Mode (MODE): A massive 500 million tokens, worth $6.45 million, will be unlocked on September 6, representing 38.46% of its circulating supply and making it vulnerable to price swings.
Notably, Taiko (TAIKO) will unlock 12 million tokens on September 5, representing 19.02% of its circulating supply. This significant release could destabilize TAIKO’s market value if demand doesn’t match the supply influx.
As multiple altcoins like Solana (SOL) and Polkadot (DOT) also face daily token unlocks, the market could experience broader volatility. Traders should exercise caution and consider the timing of these unlocks to mitigate risk.
