Crypto projects are expected to unlock approximately $4.5 billion in vested tokens this September, as reported by the data tracker Tokenomist.
According to Tokenomist data shows, around $1.17 billion will result from cliff unlocks, while $3.36 billion will come from linear unlocks. This means around $4.5 billion in tokens will be accessible to investors, project teams, and other stakeholders due to the expiration of vesting agreements.
Cliff unlocks are usually significant, one-time token distributions occurring at the end of a defined lockup period. These can have a more considerable impact on the market due to supply shocks. In contrast, linear unlocks spread the release of tokens over time, mitigating their effect on the supply.
Notable projects such as Sui (SUI), Fasttoken (FTN), Arbitrum (ARB), and Aptos (APT) are unlocking millions in vested tokens this September.
Crypto projects to unlock vested tokens in September
Sui tops the list for September’s token unlocks with over $153 million in tokens set to be released. Tokenomist data indicates that the network has only unlocked 35.1% of its total supply, leaving a substantial amount still locked.
FTN ranks second with $90 million in tokens to be added to circulation. Unlike Sui, FTN has already unlocked over 96% of its tokens, making this unlock a smaller relative increase in its supply.
Aptos is set to unlock nearly $50 million in tokens, while Arbitrum follows closely behind with about $48 million scheduled for release next month.
Other significant unlocks include Starknet, which will release $16.85 million in tokens, and Sei, which will contribute approximately $16.49 million to its supply. Additionally, projects like ZK and Immutable will release $10.7 million and $13.4 million, respectively.
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Market shifts from unlock anxiety to a more nuanced perspective
Vincent Kadar, the CEO of the security token platform Polymath, previously mentioned to Cointelegraph that while investors used to experience anxiety from token unlocks, the dialogue has evolved.
Kadar noted that sophisticated investors are now assessing factors such as economics, adoption levels, governance transparency, and alignment of incentives with long-term value. The market is paying less attention to short-term effects and focusing more on fundamentals.
Kadar stated that this shift is beneficial for the industry as a whole, emphasizing that the conversation is changing as blockchain projects mature and connect with public markets.
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