As we step into September, the altcoin market is poised for significant token unlocks, totaling over $2 billion.

This follows a similar trend in August, where $2.26 billion in token unlocks occurred, led by $SOL, $WLD, and $AVAX.

This month, $SOL takes the lead with $360.78M in unlocks, closely followed by $WLD at $304.72M.

Some Notable Token Unlocks To Monitor, Including Ethena

Notable unlocks include Ethena’s 14.89 million tokens on September 1st, representing 0.82% of its circulating supply, valued at $5.4 million.

Sui will also unlock 64.19 million tokens on September 1st, equivalent to 2.47% of its current circulating supply, estimated at $65 million.

As these unlocks approach, market absorption will be crucial. Investors should be prepared for both challenges and opportunities arising from this increased supply. The market’s ability to absorb these tokens will significantly impact their value and the overall altcoin market dynamics.

Keep a close eye on these unlocks and their market impact, as they may present strategic investment opportunities or require adjustments to your portfolio.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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