Crypto News: Solana, DOGE, SUI & Other Altcoins to Avoid as $625M Token Unlock Looms

• Upcoming token unlocks exceeding $625 million could increase supply, trigger market instability, and spark cautious investor sentiment.
• Solana, Dogecoin, and SUI face heavy unlocks that may cause volatility, especially with major holders offloading tokens.

The major unlock events are causing concerns for the investors. The event looms over some of the leading cryptocurrencies as a recent update reveals that more than $625 million worth of tokens are in trouble of token unlocks scheduled to happen in the next week. That massive unlock will increase the token supply and hence will put downward pressure on it.

The upcoming week could see significant market reactions as cliff and linear unlocks prepare to release massive volumes of tokens. Cliff unlocks, involving large one-time releases, are expected for SUI, OMNI, and IOTA. On the other hand, steady linear unlocks will affect notable names like Solana (SOL), Dogecoin (DOGE), WLD, TRUMP, TIA, TAO, and AVAX, each facing more than $1 million worth of tokens entering daily circulation.

When a large volume of tokens is released all at once or gradually over time, it often triggers market instability. This behavior usually causes cautious sentiment among traders who might seek to avoid sudden downturns in their portfolios.

Solana and Other Top Coins Set to Feel Pressure

Solana is notably facing a considerable $67.61 million token unlock this week, as highlighted by data compiled by WuBlockchain using Tokenomist’s figures. Although this amount represents only about 0.09% of Solana’s circulating supply, such unlocks can still stir significant volatility if major holders decide to sell.

Despite the looming unlock, Solana’s price exhibited resilience. SOL climbed by over 5.53% over the past week to reach $146.46. The broader market recovery might have helped buffer some of the immediate worries surrounding Solana’s unlock.

Adding to the concern, large token unlocks tend to bring unpredictable consequences, particularly when significant sums are at stake. Even if the overall percentage of unlocked supply appears minor, market sentiment can turn rapidly, especially with key players offloading their holdings.

Dogecoin Faces Sentiment Risks Amid Unlock

Meanwhile, Dogecoin is preparing for a $17.09 million unlock this week. Although relatively modest when compared to Solana’s figures, Dogecoin’s price is largely sentiment-driven, making it vulnerable to even slight shifts in investor mood.

Currently trading at $0.1755, DOGE’s price has edged higher by approximately 9% in the past week. The trading volume rose by 10% to $1.23 billion, suggesting cautious behavior from traders ahead of the unlock. Analysts and investors are expected to watch DOGE’s performance closely to assess how much impact the unlock might cause.

Given its nature as a memecoin, sudden market moves often have amplified effects on Dogecoin, which adds another layer of uncertainty during this critical period.

SUI’s Massive Unlock Brings Heavy Selling Threat

Among the altcoins preparing for the biggest shocks, SUI stands out significantly. A staggering $262.88 million worth of tokens is set to be unlocked through both cliff and linear mechanisms. The cliff unlock alone will release $262 million, representing approximately 2.27% of SUI’s total supply.

SUI also witnessed a modest gain today, climbing by 1% to trade at $3.60. However, the sheer scale of the unlock has many investors adopting a wait-and-see approach, especially when a sudden surge in supply could hammer prices unexpectedly.

While the broader cryptocurrency market is presently flashing green, propelled by renewed investor confidence, the heavy unlock schedules could drag some coins back into bearish territory. SUI’s upcoming events, combined with the overall climate, underline the risk for those seeking quick returns.