Nearly $1B Token Unlocks This Week Strain Altcoin Prices
Crypto markets face nearly $1 billion in token unlocks from August 25–31, triggering potential selling pressure on altcoins. Token unlocks include a $161 million SUI release (1.2% supply) and $37 million in SVL tokens (19%). One-off cliff unlocks total $185 million for Jupiter (JUP), Optimism (OP), Kamino and Huma Finance (HUMA). Linear unlocks add $813 million, with Filecoin (FIL) releasing $22 million daily and Solana (SOL) over $14 million daily. Dogecoin (DOGE) sees $3 million new tokens per day, while Avalanche (AVAX) and Worldcoin (WLD) add $2.5 million and $5 million daily. Market outlook is bearish: HUMA hit an all-time low after dropping 78% from May’s peak. Sophon (SOPH) and Renzo (REZ) also fell over 7–9%. Ethereum (ETH) gained 10% last week but edged down 3.4% in 24 hours. DOGE trades at $0.23 within a symmetrical triangle, with support at $0.22 and resistance at $0.25. Increased token supply and historical unlock events suggest continued altcoin volatility.
Bearish
The large token unlocks totaling nearly $1 billion will flood markets with fresh supply, increasing selling pressure on vulnerable altcoins. Historical precedents—such as past large-scale unlocks—have led to price declines and heightened volatility. High-percentage releases for tokens like SVL and HUMA are especially bearish, with HUMA already at an all-time low. Linear daily unlocks for major assets (FIL, SOL, DOGE) add consistent downward pressure. While Ethereum’s short-term rally shows some resilience, overall liquidity expansion and market sentiment point to continued downside risk for altcoins in both the near term and potentially longer term until the unlock schedule concludes and markets absorb the oversupply.