The cryptocurrency market is bracing for a significant supply surge as over $686 million worth of digital assets are set to be unlocked between July 28 and August 4. These planned releases, encompassing both “cliff” and “linear” distributions, will introduce a substantial volume of tokens into circulation, potentially influencing market dynamics for several prominent projects including SUI, Jupiter (JUP), and Solana (SOL).
Token unlocks are a predetermined release of previously restricted cryptocurrency tokens into the circulating supply. These restrictions are often part of vesting schedules for team members, early investors, or foundation reserves, designed to ensure long-term commitment and prevent immediate sell-offs after a project’s launch. Understanding these unlock events is crucial for investors monitoring liquidity and potential price volatility.
Cliff Unlocks: Major One-Time Releases
A significant portion of this week’s unlocks comes from “cliff” events, where large batches of tokens are released simultaneously on a specific date. This category alone is set to introduce over $300 million in value. Leading the charge is SUI, with 44 million tokens, valued at approximately $189,62 million, entering the market. This represents 1,27% of its current circulating supply.
Following closely, Jupiter (JUP) will release 53,47 million tokens, amounting to $32,12 million, or 1,81% of its supply. Other notable cliff unlocks include:
| Token | Value Unlocked (Approx.) | % of Circulating Supply |
| SUI | $189,62 million | 1,27% |
| JUP | $32,12 million | 1,81% |
| ENA | $26,64 million | 0,66% |
| OP | $22,91 million | 1,93% |
| KMNO | $13,62 million | 7,30% |
| SIGN | $11,73 million | 12,50% |
| GPS | $11,64 million | 31,75% |
| ZETA | $10,01 million | 4,79% |
| REZ | $6,25 million | 12,02% |
Notably, GPS will execute the largest individual cliff unlock by volume, releasing 542,33 million tokens, which constitutes a substantial 31,75% of its total circulating supply, albeit at a lower dollar value of $11,64 million. These large, sudden injections of supply can exert downward pressure on prices if not met with sufficient demand.
Daily Linear Releases: A Consistent Stream of Supply
In addition to the one-time cliff events, several projects will continue their “linear” unlock schedules, releasing tokens daily throughout the week. This steady release contributes to ongoing supply expansion. Solana (SOL) leads this category, with 465,77 thousand tokens unlocked daily, valued at approximately $87,59 million, accounting for 0,09% of its circulating supply.
Other significant daily contributors include:
| Token | Daily Value Unlocked (Approx.) | % of Circulating Supply |
| SOL | $87,59 million | 0,09% |
| TRUMP | $50,13 million | 1,67% |
| WLD | $44,67 million | 2,16% |
| DOGE | $22,90 million | 0,06% |
| TAO | $21,49 million | 0,54% |
| AVAX | $18,07 million | 0,17% |
| TIA | $14,20 million | 0,98% |
| SUI | $12,99 million | N/A |
| Others (MORPHO, ETHFI, DOT, SEI, IP, JTO, NEAR, ENS, FIL) | $7 million – $13 million | Varies |
These consistent releases, while individually smaller than cliff unlocks, cumulatively add significant supply to the market over time.
Market Implications for Investors
The influx of over $686 million in tokens over a single week highlights a critical period for market participants. The increased circulating supply could lead to enhanced liquidity for these assets, potentially making them easier to trade. However, it also introduces the risk of increased selling pressure, particularly if recipients of these unlocked tokens decide to take profits, which could impact short-term price movements.
For investors, staying informed about these unlock schedules is paramount. While some projects may see strong demand absorb the new supply, others, especially those with a high percentage of their circulating supply being unlocked, could experience volatility. Traders and long-term holders alike will be watching closely to see how the market absorbs this fresh wave of digital assets.
