Over $484 million worth of tokens are set to unlock this week across various cryptocurrencies, leading to concerns about potential price fluctuations.
Notable tokens with significant unlocks include SUI with $125.39 million, NEON with 22.51% of its circulating supply, and KNMO with a release representing 10.41% of its supply.
Daily unlocks are also expected, with Solana releasing $70 million, Dogecoin unlocking $16 million, and smaller amounts from tokens like AVAX and TIA enhancing selling pressure.
Investors are advised to exercise caution during these token unlock events, as they historically lead to increased selling pressure and potential price drops in the crypto market.