Between January 27 and February 2, 2025, many major tokens will be on the agenda with a significant amount of insider tokens being unlocked. A total of 304.8 million tokens will be released, which could potentially impact prices. SUI coin, OP, ZETA, DYDX, GAL, AI and YGG are among the most notable tokens that will be unlocked soon. These “unlocks” coincide with a period in which the market is generally bearish, especially for tokens such as SUI, OP and ZETA.
Millions of dollars unlocked for SUI coin, OP and ZETA
The price of SUI dropped by 5.10% in the last 24 hours to $4.17. The token continues its downward trend by failing to maintain its recent peak levels. This price drop and decrease in trading volume indicate that buyer support is weak. SUI’s market value also decreased by 5.10% to $12.54 billion. Despite the upcoming $208.89 million SUI unlock, the token’s bearish trend may limit the possibility of a meaningful recovery in the short term.
Source: Token UnlocksSimilarly, Optimism (OP) price dropped by 5.40% to $1.67. Market sentiment is clearly bearish, with trading volume down 27.65%. According to experts, with the unlocking of the $ 53.28 million OP token, price fluctuations may occur. However, given the current decline in market value and decreased interest, it is considered that the positive impact of unlocking may be short-lived. Unless strong buyer support is provided, recovery is unlikely.
Additionally, ZetaChain (ZETA) is trading at $0.4489, down 4.50% in the last 24 hours. Despite the upcoming $20.01 million ZETA token unlocking, the market is performing poorly. The 32.11% decline in trading volume indicates a lack of strong demand. ZETA’s market cap currently stands at $284.76 million. Future price movements of the token will depend on whether the unlocked tokens can generate repurchase interest.
AI, YGG and GAL are also on the agenda
The price of AI Token is down 2.35%, currently at $0.0006928. While the market value remains stable at 690.66 thousand dollars, a 134.32% increase in 24-hour trading volume is noteworthy. This shows that some investors are still active. According to experts, the price of the token may decline further if it falls below the 0.00006850 support level. On the other hand, a break above the 0.00007050 level could trigger a price recovery. However, risks remain high given overall market conditions.
Yield Guild Games (YGG) and Galxe (GAL) are also declining. While YGG price decreased by 4.60% to $0.343038, its market value decreased to $144.88 million. GAL, on the other hand, is trading at $1.69, down 0.30%, and its market value is at $13.35 million. Despite this, the 12.92% increase in GAL’s trading volume may be a sign of renewed interest. Both YGG and GAL may experience short-term volatility as insider token unlocks impact their positions in the market.
