BroadChain learned on April 27th, according to BeInCrypto, that over the next seven days, the crypto market will see token unlocks worth more than $650 million entering circulation, involving major projects such as Sui (SUI), Jupiter (JUP), and Sign (SIGN).
Sui will unlock 42.62 million SUI on May 1st, worth approximately $40.39 million, accounting for 1.08% of the circulating supply. Among these, 19.32 million are allocated to Series B investors, community reserves and early contributors receive 12.63 million and 8.6 million respectively, and Mysten Labs gets 2.07 million.
Jupiter will unlock 53.47 million JUP on April 28th, worth approximately $9.77 million, accounting for 1.53% of the circulating supply. The team receives 38.89 million, and Mercurial stakeholders get 14.58 million. Sign unlocks 401.1 million SIGN on the same day, worth $7.05 million, accounting for 20.78% of the circulating supply, with 150 million used for community incentives, 45 million for the ecosystem, and the foundation receiving 95 million.