This week, the cryptocurrency market is bracing for significant liquidity pressure, with over $653 million in token unlocks scheduled between October 27 and November 3. According to data from on-chain tracker Tokenomist, the SUI and GRASS projects top the list of releases. The report details that this week’s events are divided into two main categories: large “cliff” unlocks valued at over $5 million and daily linear unlocks.
SUI leads in absolute value with a release of $119.13 million (43.96 million tokens), representing 1.21% of its total supply. However, the most impactful event in proportional terms is from GRASS, which will unlock $80.73 million (181 million tokens). This figure for GRASS is notable as it constitutes a massive 72.40% of its unlocked supply, making it the highest percentage of the week. Other relevant “cliff” unlocks include EIGEN ($43.82M) and OMNI, which is releasing 30.30% of its supply.
In addition to the one-time events, the market will also have to absorb high-profile daily linear releases. This category includes Solana (SOL), which will add $100.84 million in new tokens during the week, Worldcoin (WLD) with $35.43 million, and Dogecoin (DOGE) with $19.87 million. Investors will be closely watching these assets, as a sudden increase in circulating supply can generate volatility and exert significant selling pressure on prices in the short term.
Source: https://tokenomist.ai/
Disclaimer: Crypto Economy’s Flash News is prepared from official and public sources verified by our editorial team. Its purpose is to quickly inform about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or an investment recommendation. We recommend always verifying the official channels of each project before making related decisions.
