#White House Crypto Report#


In August, tokens worth approximately $3 billion are expected to be unlocked in the cryptocurrency market. This is significantly lower than the July figure of $6.3 billion.
The largest unlocking volume in August will be for the Solana project.
— about $367 million. Solana successfully completed July with a rise to $206. The on-chain value of SOL locked in DeFi pools increased by 14%, and trading volume on DEX grew by 30%. Massive unlocks in August may reduce the price of SOL.
After Solana, Sui (SUI) will become the second largest unlocking project in August — nearly $216 million. Such a large-scale unlocking could lead to significant price fluctuations if there is not enough liquidity or demand.
Nevertheless, SUI and SOL have recently attracted the attention of institutional investors. Mill City Ventures, a Nasdaq-listed company, allocated $450 million for the purchase of SUI as a reserve asset. Upexi also intends to spend $500 million on acquiring Solana for its altcoin treasury.
Worldcoin and Trump Coin (TRUMP) collectively unlock approximately $377 million. The remaining amounts are attributed to tokens with smaller market capitalizations.
However, the total value of unlocks is not very large. Therefore, the pressure from the supply side may be mitigated, especially with the support of macro factors or positive news. Nevertheless, investors are advised to closely monitor the unlock schedules and wallet behavior to account for the risk of short-term price fluctuations.
HOUSE60.77%
SOL-2.71%
DEFI-6.27%
MAY-0.36%
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Trader_Fayazvip
· 08-03 06:36
good
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