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Crypto Market Braces for $1.73 Billion in Token Unlocks This September: Key Players and Potential Impact

Crypto Market Braces for $1.73 Billion in Token Unlocks This September: Key Players and Potential Impact

In September, the crypto market is gearing up for some big activity. About $1.73 billion in tokens are set to be unlocked. This could really shake things up. BeInCrypto has pinpointed the top five unlocks that will bring a lot of new assets into play.

According to data from TokenUnlocks, around $418.53 million of this month’s token unlocks are classified as cliff unlocks. So, what does that mean? A cliff unlock refers to tokens that are released less frequently—like weekly or monthly—rather than daily.

These unlocks introduce tokens that were previously unavailable. Investors and traders pay close attention to these events because they can impact the market. Some see these unlocks as growth opportunities, but they also come with risks of increased selling pressure. Analysts from TokenUnlocks remind us that the idea that “unlocks are always bullish” isn’t always true.

They noted, “It’s essential to recognize that absorbing such a large supply will require substantial liquidity. The broader market needs to step in to absorb this influx, which could lead to increased selling pressure as these tokens seek out liquidity.”

This month’s significant cliff token unlocks include Sui (SUI), Immutable (IMX), Aptos (APT), Arbitrum (ARB), and Optimism (OP).

Sui (SUI)
On September 1, Sui will unlock 64.19 million tokens. This is worth about $51.6 million and makes up 2.47% of its circulating supply. Here’s how those tokens will be distributed:

  • Series A: 19.84 million SUI ($15.95 million)
  • Series B: 19.32 million SUI ($15.53 million)
  • Early contributors: 10.34 million SUI ($8.31 million)
  • Mysten Labs treasury: 2.07 million SUI ($1.66 million)
  • Community reserve: 12.63 million SUI ($10.15 million)

Immutable (IMX)
Next, on September 6, Immutable will release 32.47 million IMX tokens. This is valued at around $47.41 million, which is 2.06% of IMX’s circulating supply. The distribution will focus on ecosystem and project development:

  • Ecosystem development: 15.91 million IMX ($23.24 million)
  • Project development: 16.56 million IMX ($24.18 million)

Aptos (APT)
Aptos will unlock 11.31 million APT tokens on September 11. This amounts to 2.33% of APT’s total supply, worth $76.68 million. Here’s the breakdown:

  • Foundation: 1.33 million APT ($9.04 million)
  • Community: 3.21 million APT ($21.76 million)
  • Core contributors: 3.96 million APT ($26.84 million)
  • Investors: 2.81 million APT ($19.04 million)

Arbitrum (ARB)
On September 16, Arbitrum will unlock 92.65 million ARB tokens. This is valued at $47.48 million and represents 2.65% of ARB’s circulating supply. The distribution will be as follows:

  • Team, future team, and advisors: 56.13 million ARB ($23.77 million)
  • Investors: 36.52 million ARB ($18.72 million)

Optimism (OP)
Finally, on September 30, Optimism will unlock 31.34 million OP tokens, worth $44.51 million. These tokens will support core contributors and investors, aiding the project’s long-term sustainability. The allocation is:

  • Core contributors: 16.54 million OP ($23.49 million)
  • Investors: 14.80 million OP ($21.02 million)

Alongside these major unlocks, the market will also see cliff token unlocks from other notable projects this month, including dYdX (DYDX), ZetaChain (ZETA), and ApeCoin (APE). Other projects like Xai (XAI), Stark (STRK), Pixels (PIXEL), and Yield Guild Games (YGG) will also have significant token unlocks.