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Sui, EigenCloud, and Kamino Lead This Week’s Big Token Unlocks

The release of SUI, EIGEN, and KMNO could briefly lift liquidity and volatility around these tokens. DeFi and Web3 projects are in focus this week.

By Zenz van der Wielen
• 2 min read
Sui, EigenCloud, and Kamino Lead This Week’s Big Token Unlocks

Key Takeaways

  • More than $636.4 million worth of token unlocks are set to hit the market this week.
  • Sui, EigenCloud, and Kamino are scheduled to release new tokens on July 30 and August 1.
  • Unlocks expand circulating supply and can temporarily influence trading and volatility.

The crypto market is set to absorb more than $636.4 million (€559 million) in token unlocks this week. Sui, EigenCloud, and Kamino are the main names to watch, since each is releasing new tokens in the coming days that could shape trading in their own markets.

Sui and EigenCloud on August 1

Sui (SUI) leads the group with an August 1 unlock of 13.72 million tokens, worth about $9.91 million (€8.7 million). That represents 0.34 percent of the current unlocked supply. The tokens will be allocated to Early Contributors, the Community Reserve, and the Mysten Labs Treasury.

Sui is a high-performance blockchain built around an object-centric data model and the Move programming language. The design is meant to support parallel transaction processing, along with sub-second finality and high throughput. Because of that, the network is often viewed as a strong fit for DeFi, gaming, and NFTs.

EigenCloud, which was previously known as EigenLayer, is also set to unlock a new tranche on August 1. The project will release 36.82 million EIGEN, valued at roughly $7.63 million (€6.7 million). The unlock equals 5.79 percent of the unlocked supply and is going mainly to investors and early contributors.

EigenCloud is a verifiable cloud platform built on the EigenLayer protocol, giving developers infrastructure for trustless, verifiable Web3 applications and services. For investors, the main takeaway is that large unlocks like this can quickly expand available supply, which can make trading in the token more sensitive for a period of time.

Kamino Follows on July 30

Kamino (KMNO) is next, with 229.17 million tokens unlocking on July 30. The tranche is worth about $4.14 million (€3.6 million) and accounts for 2.97 percent of the unlocked supply. Most of the tokens are going to key stakeholders and advisors, with another portion set aside for core contributors.

Kamino Finance is a DeFi protocol on Solana that focuses on borrowing, lending, and liquidity provision. That makes the project especially exposed to shifts in liquidity and trading activity, particularly when new tokens enter the market over a short stretch of time.

Why This Matters

Token unlocks do not automatically lead to a price move, but they can add another layer of volatility, especially when sentiment is already shaky or trading volume is thin. For European crypto readers, the schedule matters because it shows when a project’s circulating supply can change quickly. That can pull attention toward altcoins with major unlocks instead of the broader crypto market.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.