- Upcoming token unlocks may significantly impact the price of SUI, SOL, WLD, IMX, and ZETA.
- Over $329 million in tokens will soon be introduced to the market, potentially increasing selling pressure.
- These token unlocks are scheduled between September 23 and October 4.
Discover the potential impact of upcoming token unlocks on SUI, SOL, WLD, IMX, and ZETA, with a combined value exceeding $329 million set to hit the market.
Potential Bearish Impact of Major Token Unlocks
Solana (SOL), Sui (SUI), Worldcoin (WLD), Immutable (IMX), and ZetaChain (ZETA) face significant downward price pressure due to large-scale token unlocks. Historically, such events have led to bearish trends, as investors may quickly offload their holdings. With more than $329 million worth of tokens expected to enter the market, a price drop could be imminent.
Sui’s Market Dynamics Post-Token Unlock
On October 1, SUI will experience a significant token unlock, releasing 64.19 million SUI tokens valued at $95.65 million. Although this represents 2.40% of the circulating supply, Sui Network’s robust fundamentals might help cushion the blow. The network boasts a Total Value Locked (TVL) exceeding $900 million, reflecting substantial market interest.
Minor Impact Expected for Solana
Between September 23 and 30, 524,030 SOL tokens worth $74.97 million will be unlocked. Given this is a linear unlock, the market impact might be less severe. These tokens constitute only 0.11% of Solana’s circulating supply. Additionally, technological advancements and institutional adoptions, such as the Frankendancer upgrade and new services by Franklin Templeton and Citi, provide a bullish outlook.
Worldcoin Faces Significant Unlock
Worldcoin (WLD) will undergo a linear unlock of 37.23 million tokens from September 23 to 30. This accounts for 8% of its circulating supply, with 22.37 million tokens allocated to the community. The token’s performance will largely depend on the community’s reaction. The recent debut of Worldcoin’s world ID in Poland may bolster investor confidence.
Immutable’s Upcoming Token Unlock
Immutable (IMX) will unlock 32.47 million IMX tokens valued at $53.58 million on October 4, comprising 2% of its circulating supply. While the token has appreciated by 46% over the past week, investors should remain cautious. IMX’s role in powering Web3 games gives it a bullish long-term outlook, but a short-term correction is possible following the unlock.
ZetaChain at Risk of Sell-Off
ZETA faces the highest risk of selling pressure, with 53.89 million tokens (13% of its circulating supply) scheduled for release on October 1. An additional 1.01 million tokens will be unlocked linearly between September 23 and 30. Despite substantial gains of over 30% in the last week, Zetachain’s future performance hinges on its blockchain interoperability advancements.
Conclusion
The imminent token unlocks for SUI, SOL, WLD, IMX, and ZETA present both challenges and opportunities for investors. While each altcoin has its unique strengths, the potential for substantial market volatility cannot be ignored. Investors should closely monitor these developments to make informed decisions.
