SOL, SUI Lead August’s $3 Billion Token Unlock—What Traders Need to Know
Solana (SOL) and Sui (SUI) are set to lead August's major token unlocks, with $378.5 million worth of assets being released. SOL will unlock $133.6 million (2.5% of supply) on August 28, while SUI unlocks $101.3 million (10.8% of supply) on August 31. Other notable unlocks include Aptos ($101.3M), Arbitrum ($76.6M), and Optimism ($56.6M). Token unlocks often increase market supply, potentially impacting prices. Analysts note unlocks can create selling pressure but may also signal project milestones. The crypto market remains volatile, with Bitcoin trading around $29,000 during these scheduled unlocks.