Major token unlocks coming this week

This week, several projects are preparing for important token unlocks, with Sui (SUI), Omni Network (OMNI), and Ethena (ENA) standing out. On May 2 , SUI will release 88.34 million tokens , valued at around $317.35 million , representing 2.72% of its market cap . Despite the relatively small percentage, the large dollar value makes it a significant event to watch. Meanwhile, OMNI will unlock 15.98 million tokens on May 3 , worth approximately $40.73 million . Notably, this represents 16% of its total supply , which is a substantial market movement considering OMNI’s smaller market size compared to SUI. Ethena (ENA) is also unlocking 94.19 million tokens on the same day, valued at $32.6 million , making up 1.69% of its market cap . Other noteworthy unlocks include Optimism (OP) , Undeads Games (UDS) , Ronin (RON) , and Kamino (KMNO) , but the main spotlight remains on SUI, OMNI, and ENA due to their large unlock values and potential market impact.

Source: Coinpaprika