Significant token unlocks are scheduled for the upcoming week, potentially impacting market dynamics. HYPE will release approximately $309 million worth of tokens on November 29, increasing its supply by 2.66%. EIGEN, formerly known as EigenLayer, will unlock $20.48 million on December 1, adding 10.79% to its circulating supply. Additionally, SUI is set to unlock around 1.19% of its total supply on December 1, while ZETA from ZetaChain is expected to release tokens in the coming days, according to CoinGecko.
The total estimated value of tokens to be unlocked this week is approximately $1.02 billion. These unlocks could lead to increased market volatility, particularly for altcoins, as new supply enters the market. Investors may exercise caution, potentially waiting to see the price impact before making moves. However, this could also present 'buy-the-dip' opportunities for long-term investors if prices drop significantly. The market may favor tokens with strong fundamentals and real utility amidst these changes.
Major Token Unlocks Set to Release Over $1 Billion Next Week
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