The crypto universe is set to witness a shift in market sentiments surrounding 13 coins, primarily due to massive token unlocks ahead. Traders and investors remain cautious as a colossal supply surge for these tokens looms over the horizon. Meanwhile, the 13 coins that are primed to witness this saga are Sui, Optimism, Immutable, ZetaChain, dydx, Maverick Protocol, Cardano, Ethena, Galxe, Manta Network, Liquity, 1inch, and Forta.<\/p>\n
Market watchers are taking a bearish stance on these assets\u2019 price action ahead, urging a selloff sentiment for them across the broader market.<\/p>\n
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13 Crypto To Sell On Risks Of Token Unlocks<\/h2>\n
Aligning with TokenUnlocks data<\/a>, here\u2019s a brief collection of the coins that are set to face unlocks in the imminent week and why market participants should steer clear of trading these assets.<\/p>\n SUI remains poised to witness an unlock of 68.79 million coins on October 1. Notably, 64.19 million coins are a part of cliff unlock, whereas 4.5 million SUI are a part of linear unlock on the same date. The unlock totals 2.47% of the coin\u2019s circulating supply, posing a threat to the price ahead. SUI price<\/a> traded at $1.64 today, down nearly 3% as of writing.<\/p>\n OP is set to face a cliff unlock of 31.34 million coins, worth approximately $58 million, on September 30. This massive unlock equals 2.5% of Optimism\u2019s circulating supply, raising investor concerns. OP price today gained nearly 4% to reach $1.86. The coin\u2019s intraday low and high were $1.79 and $1.94, respectively.<\/p>\n IMX prepares to witness a supply increase of 32.47 million coins, worth $57 million, with its token unlock on October 4. The unlock is equivalent to 2.02% of the asset\u2019s circulating supply. IMX price today dropped nearly 2% to $1.76. The coin\u2019s intraday low and high were $1.73 and $1.83, respectively.<\/p>\n ZETA stands strong to face an unlock of 54.89 million coins, worth roughly $40.39 million, on October 1. This unlock is equivalent to a whopping 13.68% of the token\u2019s circulating supply. Nevertheless, ZETA price today soared nearly 7% to $0.743. The crypto\u2019s intraday low and high were $0.6836 and $0.7743, respectively.<\/p>\n DYDX will experience a cliff unlock of 9.88 million coins, worth $10 million, on October 1. This unlock totals 1.57% of the asset\u2019s circulating supply. DYDX price today traded at $1.06, down nearly 1% from yesterday. The coin\u2019s intraday low and high were recorded as $1.04 and $1.1, respectively.<\/p>\n MAV remains poised to face an unlock of 39.87 million coins, worth $9.5 million, on October 1. Notably, 36.40 million coins will be unlocked as a part of cliff unlock, whereas 3.47 million MAV will be unlocked as a part of linear unlock. These unlocks, as a whole, total a whopping 10.47% of the coin\u2019s circulating supply, posing a significant threat to the asset\u2019s price. MAV price today traded at $0.240, up nearly 1% in the past 24 hours.<\/p>\n <\/p>\n ADA is primed to experience the unlock of 18.53 million coins, worth approximately $7 million, on October 2. This unlock equals 0.05% of the coin\u2019s circulating supply. ADA price<\/a> today traded at $0.399, down nearly 1% over the past day. The crypto\u2019s 24-hour low and peak were recorded as $0.3936 and $0.4094, respectively.<\/p>\n ENA readies for a cliff unlock of 14.89 million coins, worth $5 million, as of September 29. The cliff unlock totals 0.78% of the coin\u2019s circulating supply. ENA price today jumped nearly 2% to $0.3588. The token\u2019s intraday low and high were $0.3469 and $0.3732, respectively. Ethena Labs recently announced UStb stablecoin launch<\/a> backed by BlackRock and Securitize.<\/p>\n GAL is set to face an unlock of 2 million coins worth $5 million as of October 1. The unlock totals 1.57% of the crypto\u2019s circulating supply. GAL price dipped nearly 3% today to trade at $2.37. Its 24-hour low and high were recorded as $2.33 and $2.50, respectively.<\/p>\n MANTA is readying for an unlock of 3.07 million coins, worth $3 million, on September 30. This unlock is equivalent to 0.8% of the total circulating supply. MANTA price today traded at $0.914, down 3.27% over the past day. The coin\u2019s intraday low and high were $0.8841 and $0.9676, respectively.<\/p>\n LQTY prepares for an unlock of 531.37K coins on October 4. The unlock equals 0.5% of the crypto\u2019s circulating supply. However, LQTY price today gained nearly 4% to $0.983. The coin\u2019s 24-hour low and peak were $0.9408 and $1.02, respectively.<\/p>\nSui<\/h3>\n
Optimism<\/h3>\n
Immutable<\/h3>\n
ZetaChain<\/h3>\n
dydx<\/h3>\n
Maverick Protocol<\/h3>\n
Cardano<\/h3>\n
Ethena<\/h3>\n
Galxe<\/h3>\n
Manta Network<\/h3>\n
Liquity<\/h3>\n
1inch<\/h3>\n
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