In August 2024, nearly $1 billion in cryptocurrency tokens will be unlocked, impacting major assets like SUI, W, APT, ARB, and AVAX.
Key unlocks include:
- 64.19M SUI ($49.99M) on Aug 1
- 600M W ($180.48M) on Aug 3
- 11.31M APT ($80.75M) on Aug 12
- 205.59M SAND ($69.58M) on Aug 14
- 9.64M AVAX ($268.6M) on Aug 20
Almost half of the total value is from Wormhole and Aptos. Historical data suggests these unlocks may lead to price declines due to increased selling pressure.
Market reactions have been mixed, with SUI seeing a 3.6% daily rise but a 9.5% weekly fall. Similar trends are noted for W, APT, and SAND.
This event could be pivotal, influencing investor sentiment and market dynamics. Staying informed is crucial for managing potential portfolio impacts.
