Crypto holders are advised to exercise caution as significant unlock events are expected for several major assets in the near future. According to an update from Crypto Stream, SUI, ONDO, and other tokens are scheduled for substantial unlocks within the next seven days, 30 days, and six months.
Upcoming Unlocks:
SUI, ONDO, and Others
Crypto Stream's tweet highlighted the upcoming cliff unlocks over various timeframes:
Next 7 days:
- SUI: $108 million
- OP: $54 million
- ZETA: $34 million
Next 30 days:
- NEON: $20 million
- MODE: $6 million
- TAIKO: $21 million
Next 6 months:
- ONDO: $1.54 billion
- TIA: $1.11 billion
- SUI: $654 million
Market Impact
These unlocks are anticipated to affect the circulating supply of these tokens, potentially leading to price fluctuations. While some anticipate potential sell-offs, others believe these unlocks could present opportunities for long-term growth.
SUI Market Sentiment
As SUI prepares for the upcoming unlocks, market sentiment remains mixed. The token's market cap is approaching its all-time high, and its price appears to be holding strong. However, the influx of unlocked tokens raises concerns about a possible price reversal.
ONDO January Unlock
ONDO is scheduled for a significant $1.54 billion unlock in January. The tweet suggests this could be bullish for the token, although concerns remain regarding the potential use of the ecosystem allocation.
TIA Situation
The tweet also addresses TIA, which recently raised $100 million. While this may appear positive, concerns have been raised about the transparency of the fundraising announcement. The tokens may unlock in October, potentially surprising investors.
Conclusion
Crypto holders are advised to stay informed and exercise caution during these significant unlock events. Market sentiment and the response to these unlocks will play a crucial role in determining price movements for SUI, ONDO, TIA, and other affected tokens.