**Solana and Other Cryptocurrencies Face Potential Price Drops Ahead of Major Token Unlocks**
The upcoming token unlock events for Solana (SOL), Sui (SUI), Worldcoin (WLD), Immutable (IMX), and ZetaChain (ZETA) are raising concerns about possible price declines in the market.
### Overview of Token Unlock Events and Market Implications
Five cryptocurrencies are set to unlock tokens valued at over $329 million, which could lead to a significant supply shock. Sui, for instance, is scheduled to release 64.19 million SUI (worth approximately $95.65 million) on October 1. This release represents 2.40% of its circulating supply and could incite notable market fluctuations.
With Sui’s total locked value (TVL) exceeding $900 million, it reflects robust interest from participants. As the final quarter approaches, there may be unexpected market movements.
### Insights on Solana and Worldcoin
Solana plans to unlock 524,030 SOL (valued at about $74.97 million) between September 23 and 30. This amount is merely 0.11% of its circulating supply, suggesting any price impact may be minimal. Additionally, the rollout of the Frankendancer upgrade and increasing institutional adoption provide an optimistic outlook for SOL.
Worldcoin is set to unlock 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. If Worldcoin successfully expands its presence in Europe, bolstered by support from OpenAI’s CEO, it may counteract any downward trends.
### Analysis of Immutable and ZetaChain
On October 4, Immutable will unlock 32.47 million IMX (valued at $53.58 million), which constitutes 2% of its circulating supply and may exert some price pressure. Given that IMX has surged over 46% in value in the last week, a price correction could be anticipated, especially following its recent listing on Coinbase.
ZetaChain faces the most significant risk of selling pressure, with 53.89 million tokens unlocking on October 1, representing 13% of its circulating supply. Nevertheless, ZetaChain’s initiatives in enhancing blockchain interoperability bode well for its future prospects.
### Conclusion
The imminent token unlocks for these five cryptocurrencies could lead to considerable market volatility. Investors should carefully evaluate the potential impact of these unlocks on supply and associated selling pressures. However, positive project developments and market sentiment may help mitigate any anticipated price declines.
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**Disclaimer:** The information presented in this article does not serve as investment advice. Investors should recognize the high volatility and risks associated with cryptocurrencies and are encouraged to conduct their own research.
