In August, the crypto market expects massive token unlockings totaling nearly $1.282 billion, according to data from Tokenomist.
Among the one-time unlocks worth over $10 million are $HYPE, $YZY, $PROVE, $KAITO, H, $ENA, $ZRO, CONX, and $AVAX. Linear unlocks exceeding $10 million for the month are expected for the tokens RAIN, SOL, CC, TRUMP, DOGE, WLD, ASTER, ZEC, MORPHO, TAO, $AVAX, and PUMP.
Already this week (August 3-9), 172 million $ENA ($15.36 million or 1.97% of the supply), 32.09 million OPN ($1.56 million, 8.94%), 208 million $PROVE ($34.96 million, 104.17%), and 165 million MOVE ($1.24 million, 4.11%) will be unlocked.
The unlocking of $PROVE will be the largest this week, as a simultaneous release of over 100% of the circulating supply is capable of causing significant selling pressure and sharp price fluctuations.
In general, token unlocking is considered a traditional stage of project development, which gives early investors, team members, and ecosystem participants access to previously restricted assets. However, investors are closely monitoring the upcoming events, as they can affect liquidity, trading activity, and short-term price volatility. Especially since the scale of the impending supply increase makes the situation one of the most notable in recent times.
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