Major token unlocks coming this week
The upcoming week will see several big token unlocks, potentially stirring the market, with SUI, OMNI, and ENA among the top movers.
This week, several projects are preparing for important token unlocks, with Sui (SUI), Omni Network (OMNI), and Ethena (ENA) standing out.
On May 2, SUI will release 88.34 million tokens, valued at around $317.35 million, representing 2.72% of its market cap. Despite the relatively small percentage, the large dollar value makes it a significant event to watch.
Meanwhile, OMNI will unlock 15.98 million tokens on May 3, worth approximately $40.73 million. Notably, this represents 16% of its total supply, which is a substantial market movement considering OMNI’s smaller market size compared to SUI.
Ethena (ENA) is also unlocking 94.19 million tokens on the same day, valued at $32.6 million, making up 1.69% of its market cap.
Other noteworthy unlocks include Optimism (OP), Undeads Games (UDS), Ronin (RON), and Kamino (KMNO), but the main spotlight remains on SUI, OMNI, and ENA due to their large unlock values and potential market impact.
