In September, the crypto market is poised for significant activity as approximately $1.73 billion worth of tokens are set to be unlocked. BeInCrypto has highlighted the top five unlocks that will introduce a substantial influx of assets into the market.
Data from TokenUnlocks indicates that approximately $418.53 million of this month’s token unlocks are classified as cliff unlocks. Cliff unlocks refer to tokens set to release on a schedule that’s more periodic than daily, such as weekly, monthly, or yearly.
Since token unlocks introduce previously unavailable tokens into circulation, investors and traders closely monitor these events because they affect the market environment. While some view these events as growth opportunities, they also carry the risk of increased selling pressure. Analysts at TokenUnlocks warn that the notion of “unlocks being bullish” is not always accurate.
This month’s most significant cliff token unlocks include Sui (SUI), Immutable (IMX), Aptos (APT), Arbitrum (ARB), and Optimism (OP). On September 1, Sui will unlock 64.19 million tokens worth approximately $51.6 million, accounting for 2.47% of its circulating supply. The distribution will include Series A, Series B, early contributors, Mysten Labs treasury, and community reserve.
Following Sui, Immutable will release 32.47 million IMX tokens on September 6, worth roughly $47.41 million, translating to 2.06% of IMX’s circulating supply. They will be distributed to ecosystem development and project development.
Aptos’ unlock on September 11 will see 11.31 million APT tokens enter the market, equal to 2.33% of APT’s total supply with a total value of $76.68 million. The distribution will be among the foundation, community, core contributors, and investors.
On September 16, Arbitrum will release 92.65 million ARB tokens worth $47.48 million, representing 2.65% of ARB’s circulating supply. The tokens will be allocated to the team, future team, advisors, and investors.
Finally, on September 30, Optimism will unlock 31.34 million OP tokens valued at $44.51 million. These tokens will support core contributors and investors, backing the project’s long-term sustainability.
Beyond these major unlocks, the market will also see cliff token unlocks from other notable projects in September, including dYdX (DYDX), ZetaChain (ZETA), ApeCoin (APE), Xai (XAI), Stark (STRK), Pixels (PIXEL), and Yield Guild Games (YGG).
