In the world of cryptocurrencies, token unlocking events play a crucial role in determining market dynamics. This week, the crypto community is bracing for significant unlockings of various tokens, with a combined value of $423.7 million. Optimism, 1inch, and Sui tokens are among the major cryptocurrencies scheduled for unlocking.

Optimism, a popular Ethereum Layer 2 scaling solution, is set to unlock 3.6% of its tokens, equivalent to $258 million

Apart from Optimism, two other tokens are also scheduled for unlocking this week. The 1inch token, valued at $101 million, and the Sui token, with a worth of $64.7 million.