The next week is ready to see notable token unlocks among 7 key crypto projects. In this respect, Sui ($SUI), EigenCloud ($EIGEN), and KITE AI ($KITE) are the top among the upcoming token unlocks. As per the data from CryptoRank.io, the other key crypto unlocks include Undeads Games ($UDS), Optimism ($OP), Treehouse ($TREE), and Sign ($SIGN). The respective events underscore a mix of prominent L1s, gaming tokens, and AI platforms.
$SUI Dominates Next Week’s Key 7 Token Unlocks with $80.38M
The leading project to witness a token unlock event next week is Sui ($SUI). Specifically, the project will unlock a staggering $80.38M in unlock on the 1st of February. This represents 54M $SUI tokens, accounting for up to 0.54% of the project’s cumulative supply. Irrespective of the modest percentage, the unlock equals almost 1.42% of the total market cap while 37.9% of the supply thereof is already circulating.
Subsequently, EigenCloud is the 2nd among the upcoming week’s well-known token unlocks. Thus, it will unlock up to 36.82M ($12.35M) on February 1, denoting 2.06% of the circulating supply. Additionally, this amount denotes 6.75% of $EIGEN’s market cap, whereas 23.3% is currently unlocked. KITE AI ($KITE) takes the 3rd position with 100.00M $KTE tokens ($11.54M) to be unlocked on the same day, underscoring 1.00% of its circulating supply.
Before that, on the 30th of January, Undeads Games ($UDS) will unlock 1.87% of its circulating supply. These 4.68M $UDS tokens ($11.31M) account for 3.76% of the market cap thereof. Following that, January 31 is the date for Optimism’s ($OP) exclusive unlock of 32.21M tokens ($9.81M), equaling 0.75% of circulating supply and 1.66% of market cap.
$SIGN Bottoms List with $7.81M in Unlock Amount
According to CryptoRank, the top 6th token unlock of the next week is Treehouse ($TREE), scheduling 9.07% ($90.66M $TREE) of circulating supply for 29 January. The figure occupies 58.1% of market cap, nearly $9.78M in terms of valuation. Moreover, Sign ($SIGN) concludes the list with 189.17M $SIGN tokens to be unlocked on January 28. Hence, it is going to block $7.81M that denotes 1.89% of its circulating supply and 11.5% of market cap.
Source: https://blockchainreporter.net/sui-eigen-and-kite-embrace-for-huge-token-unlocks/
