Unlocking of Sui, Optimism, and IMX Cryptocurrencies: $300 Million Supply Affects Markets
Major Token Unlocks Scheduled
This week, IMX, Optimism, and Sui will unlock significant portions of their token supply, impacting the crypto market.
Overview of Unlocking Events
- Total Unlock: $291.59 million
- Three Major Projects: Sui, Optimism, IMX
- Potential Market Impact: Increased Selling Pressure
Notable Unlock Details
Sui (SUI) is leading with a scheduled unlock of 64.20 million SUI, worth $105.28 million, constituting 2.4% of its circulating supply. Core investors are anticipated to liquidate part of their holdings.
Optimism (OP) follows with the release of 31.34 million OP, also valued around $57 million. Both Optimism and IMX are expected to see their tokens allocated to various investor groups, possibly impacting their market prices.
ImmutableX (IMX) will unlock approximately $57 million worth of tokens on October 4, contributing to overall market dynamics.
Final Thoughts
As these unlocks unfold, traders and investors are advised to monitor Sui, OP, and IMX closely to navigate potential volatility.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.