The world of cryptocurrency is bracing for a significant shift in the prices of certain altcoins, primarily due to the looming release of a large number of tokens into the market. This week, three cryptocurrencies are expected to face increased pressure on their prices due to the release of previously locked tokens, which could lead to heightened price volatility.

Token Releases: What You Need to Know

Token releases refer to the strategic release of tokens that were previously locked or restricted from trading. These tokens, once their lock-up period ends, become available for trading. The following three tokens are expected to experience significant releases that could impact their prices.

Optimism (OP)

Optimism, currently trading at $2.541, is set to witness a token release on May 31. According to data, $79.61 million worth of OP tokens will be released, equivalent to 2.88% of the circulating supply. This release could significantly impact OP's price. It's worth noting that the token's 24-hour price range was between $2.506 and $2.604.

DYDX

DYDX, currently trading at $2.084, is another cryptocurrency that will experience a significant token release. On June 1, $69 million worth of DYDX tokens will be released, equivalent to 11.9% of the circulating supply. This release is expected to lead to a bearish trend for DYDX's price. The token's 24-hour price range was between $1.968 and $2.133.

SUI

SUI, currently trading at $1.0641, is also expected to experience a significant token release. On June 1, $68.79 million worth of SUI tokens will be released, equivalent to 2.8% of the circulating supply. This release is expected to lead to highly volatile price movements for SUI. It's worth noting that token releases equivalent to more than 1% of the circulating supply can significantly impact a cryptocurrency's price. As a result, these tokens are being closely watched by market participants.