### Upcoming Token Unlocks: Market Implications for Solana, Sui, Worldcoin, Immutable, and ZetaChain
Cryptocurrencies such as Solana (SOL), Sui (SUI), Worldcoin (WLD), Immutable (IMX), and ZetaChain (ZETA) face potential price declines as they approach significant token unlock events.
#### Major Token Unlocks and Market Vulnerability
Five cryptocurrencies are poised for token unlocks totaling over $329 million, which could lead to a supply shock in the market and subsequent price drops. Notably, Sui’s planned unlock on October 1 will release 64.19 million SUI, valued at approximately $95.65 million. This represents 2.40% of SUI’s circulating supply, potentially causing market fluctuations.
Additionally, Sui’s total locked value (TVL) has exceeded $900 million, indicating strong interest from investors. With an anticipated upward trend in the final quarter, unexpected market movements may also arise.
#### Insights on Solana and Worldcoin
Between September 23-30, Solana plans to unlock 524,030 SOL, valued at $74.97 million. This constitutes just 0.11% of its circulating supply, suggesting that the price impact could be minimal. The recent activation of the Frankendancer upgrade, along with growing institutional adoption, paints a positive picture for SOL’s future.
Worldcoin, on the other hand, will release 37.23 million WLD during the same timeframe, accounting for 8% of its circulating supply. The introduction of identity verification services in Poland could enhance investor confidence. Should it successfully expand its European user base with the backing of OpenAI’s CEO, a price recovery may be possible.
#### Developments in Immutable and ZetaChain
Immutable is set to unlock 32.47 million IMX, valued at $53.58 million, on October 4, representing 2% of its circulating supply. Given that IMX has surged over 46% in value in the past week, a price correction seems probable. Following a recent listing on Coinbase, a pullback in value appears likely.
ZetaChain is facing the most significant risk of selling pressure, with 53.89 million tokens unlocking on October 1, which is 13% of its circulating supply. Nevertheless, ZetaChain’s efforts to enhance blockchain interoperability provide a favorable outlook for ZETA.
#### Conclusion
The forthcoming token unlocks for these five cryptocurrencies may lead to notable market volatility. Investors should carefully evaluate the effects of these unlocks on supply and the associated selling pressure. However, underlying positive developments and market expectations could help mitigate potential price declines.
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**Disclaimer:** The content of this article is not intended as investment advice. Cryptocurrencies are highly volatile and carry inherent risks; investors should conduct their own research before making decisions.
