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In September, the crypto market is gearing up for significant activity with the unlocking of approximately $1.73 billion worth of tokens. Data from TokenUnlocks indicates that around $418.53 million of this month’s token unlocks are classified as cliff unlocks. In the context of token unlocking events, a cliff refers to tokens released on a more periodic schedule, such as weekly, monthly, or yearly, rather than daily.
Attention to Token Unlocks in September
Investors closely monitor token unlocking events as they introduce previously unavailable tokens into circulation, impacting the market environment. While some see these events as growth opportunities, they also carry the risk of increased selling pressure. TokenUnlocks analysts caution that the notion of unlocks being bullish is not always accurate:
“It is important to recognize that accepting such a large supply will require liquidity. The broader market will need to step in to absorb this influx, which could lead to increased selling pressure as these tokens seek liquidity.”
Among the most significant cliff token unlocks this month are Sui (SUI), Immutable (IMX), Aptos (APT), Arbitrum (ARB), and Optimism (OP).
Details on the Subject
Sui will unlock 64.19 million tokens on September 1. These tokens, valued at approximately $51.6 million, constitute 2.47% of its circulating supply. Following Sui, Immutable will release 32.47 million IMX tokens on September 6. Valued at around $47.41 million, these tokens represent 2.06% of IMX’s circulating supply.
When Aptos unlocks on September 11, 11.31 million APT tokens will enter the market. This figure equals 2.33% of APT’s total supply, with a total value of $76.68 million. On September 16, Arbitrum will release 92.65 million ARB tokens worth $47.48 million. This significant unlock represents 2.65% of ARB’s circulating supply.
Lastly, in September, Optimism will unlock 31.34 million OP tokens valued at $44.51 million. These tokens will be allocated to core contributors and investors to support the project’s long-term sustainability. The breakdown of this token unlock allocation is as follows:
