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Large-scale token unlock in September… US$4.5 billion worth of cryptocurrency to be released
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- It reported that next month a total of US$4.5 billion worth of token unlocks will take place in the cryptocurrency market.
- In particular, Sui (SUI) is said to be unlocking the largest amount, at US$153 million.
- It said cliff unlocks can cause a supply shock because large amounts are released at once.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Next month, US$4.5 billion (about 6.24 trillion won) worth of tokens will be unlocked in the cryptocurrency market.
Cointelegraph reported on the 28th (local time), citing data from on-chain analytics firm Tokenomist, that US$4.5 billion worth of tokens will be unlocked next month. Specifically, US$3.36 billion worth of tokens will be released via linear unlock (linear unlock), and US$1.17 billion worth of tokens will be released via cliff unlock (cliff unlock). Cointelegraph said, "Cliff unlocks often result in a large amount of tokens being unlocked at once, and therefore tend to have a greater impact on the market (compared to linear unlocks) due to supply shock."
The largest amount of tokens to be unlocked is Sui (SUI). Sui plans to unlock US$153 million worth of tokens next month alone. According to Tokenomist, Sui tokens currently circulating in the market amount to about 35.1% of the total supply.
In addition, US$90 million worth of Fast Token (FTN) will be unlocked next month. Aptos (APT) also plans to unlock US$50 million worth of tokens. A US$48 million unlock of Arbitrum (ARB) is also scheduled for next month.
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