- Around $4.5 billion in tokens will be unlocked across multiple crypto projects in September.
- Cliff unlocks ($1.17B) pose higher short-term market risks compared to linear unlocks ($3.36B).
- Major projects unlocking tokens include Sui ($153M), FTN ($90M), Aptos ($50M), and Arbitrum ($48M).
- Market sentiment is shifting away from “unlock anxiety” towards long-term fundamentals like adoption and governance.
$4.5 Billion in Token Unlocks Scheduled for September
The crypto market is gearing up for a significant event in September, with nearly $4.5 billion worth of vested tokens set to be released, according to blockchain data tracker Tokenomist.
The breakdown shows:
- $1.17 billion from cliff unlocks — large one-time releases after lock-up periods.
- $3.36 billion from linear unlocks — gradual distributions designed to minimize supply shocks.
While cliff unlocks are typically more disruptive due to sudden supply surges, linear unlocks help stabilize the impact over time.
Major Projects Leading September’s Unlocks
Among the projects, Sui stands out with over $153 million in tokens set for release, representing a major supply event as the network has only unlocked about 35.1% of its total supply so far.
Following Sui:
- FTN ($90M): Already released over 96% of its tokens, meaning the impact of the upcoming unlock is relatively minimal.
- Aptos ($50M) and Arbitrum ($48M): Both have notable token unlocks that could influence their short-term price action.
- Other projects include Starknet ($16.85M), Sei ($16.49M), Immutable ($13.4M), and ZK ($10.7M).
These unlocks could create increased volatility, particularly for projects with lower circulating supplies.
Market Shifts Away From Unlock Anxiety
In the past, large token unlocks often triggered “unlock anxiety” among investors, with fears of sharp sell-offs. However, the market narrative is evolving.
Also Read: Cardano Faces Decline in Price, but Increased Volume Suggests Market Shifts
According to Vincent Kadar, CEO of Polymath, investors now evaluate unlock events through a more sophisticated lens — focusing on economics, adoption, governance transparency, and incentive alignment.
This shift in perspective suggests that token unlocks are no longer viewed solely as bearish events but rather as part of the long-term growth cycle of blockchain projects.
September’s $4.5 billion token unlocks will test the resilience of the market and investor sentiment. While short-term volatility is possible, the broader outlook suggests a maturing market where fundamentals take precedence over fear-driven reactions.