The crypto market is set to face over $2.1 billion in token unlocks this September, data from CryptoRank shows. Sui leads the pack, followed by Ethena (ENA), Aptos (APT), and a string of other major projects.
Sui Leads With $184M Unlock
Sui will see the largest release, with $184.22 million worth of tokens scheduled to unlock on September 1. That equals 56.91 million SUI, or 1.62% of its market cap. At the time of writing, SUI was trading at $3.25, down 1.48% over the past day, with a market capitalization of $11.44 billion. Its 24-hour trading volume jumped 66.24% to $927.19 million.
Ethena and Aptos Follow
Ethena will unlock $60.03 million in ENA tokens (94.19 million) on September 2, representing 1.42% of its market cap. Aptos comes next with an unlock of $47.79 million (11.31 million tokens) scheduled for September 12, or 1.65% of its market cap. Aptos is currently priced at $4.22, down 2.34% in the past day, with a market cap of $2.9 billion and 24-hour trading volume at $92.04 million.
LayerZero, Arbitrum, and Pump.fun
LayerZero will release $47.46 million worth of ZRO tokens on September 20, equal to 24.68 million tokens or 10.3% of its market cap. ZRO trades at $1.85, down 3.2% on the day, with a $445.26 million market cap and $29.79 million in daily volume.
Arbitrum has $45.11 million set to unlock on September 16, amounting to 92.63 million ARB tokens (1.75% of its market cap). ARB is priced at $0.4971, down 2.82% in the last 24 hours, with a $2.63 billion market cap and $376.29 million in trading volume.
Pump.fun is also on the list, with $34.13 million worth of tokens to be unlocked on September 14. That represents 2.83% of its market cap.
Other Unlocks: Velo, Sei, Jito, and StarkNet
Velo will unlock $27.93 million worth of VELO tokens on September 17, about 2 billion tokens, equal to 11.4% of its market cap. VELO is trading at $0.01346, down 2.89% in the past day, with a $236.44 million market cap.
Sei will release $27.1 million worth of SEI tokens on September 15, accounting for 1.58% of its market cap. Jito Labs will unlock $22.28 million worth of JTO tokens on September 7 (11.31 million tokens), representing 3.05% of its market cap.
StarkNet rounds out the top unlocks with $15.93 million worth of STRK tokens due on September 15, equal to 127.6 million tokens, or 3.33% of its market cap. STRK is priced at $0.1243, with a $506.92 million market cap.
Outlook
September’s token unlocks, worth more than $2.1 billion, mark one of the biggest schedules in recent months. Large releases typically weigh on prices, but with trading volumes climbing across several projects, the month is likely to be driven by liquidity and sharp swings in volatility.
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