Major Crypto Projects to Unlock $513 Million in Tokens This Week

A wave of digital asset supply is set to enter the market, potentially testing buyer appetite across the crypto landscape. According to the Tokenomist website, major projects will unlock more than $513 million in tokens between September 8 and 15.

Solana will release 502,930 SOL worth almost $104 million. While this represents only 0.09% of the total supply, it comes as the asset attempts to maintain levels near $210 after rising more than 15% since early August. The recently approved Alpenglow upgrade, which reduces transaction finality from 12.8 seconds to less than 200 milliseconds, has generated developer interest and positive market sentiment for SOL.

Aptos is set to deploy 11.31 million of its native APT token, worth just over $48 million. The cryptocurrency ranked 51st by market cap has been slowly rising, adding 3.1% in the past week to reach $4.33, though it remains down almost 10% over the past month.

Connex faces an unlock of $38.76 million amid recent market challenges. The CONX token has lost almost 5% of its value in the past week and declined more than 30% over the past month. Starknet will distribute 127 million STRK tokens, with the Layer 2 validity rollup currently holding a market cap of about $513 million while trading down 3.4% for the week and 97% below its 2024 all-time high.

Автор Benjamin Redfern

I was born in 1979 in Dunedin, New Zealand, where cold mornings, steep streets, and strong opinions about rugby were part of ordinary life. I use Benjamin Redfern as my public name. My private identity remains known only to close family and long-standing friends.