End of August large-scale Token unlocking warning! JUP, OP, KMNO and other six major projects will release 620 million dollars worth of chips, the market is facing a significant sell pressure test.

In the fourth week of August 2025, the cryptocurrency market will experience a massive token unlocking wave, with a total of six major projects including Jupiter, Optimism, and Kamino releasing tokens worth over $620 million. Among them, the unlocking amount of KMNO accounts for 8.81% of the circulation, raising concerns in the market. This article provides an in-depth analysis of the unlocking details of each project and the potential impact on the secondary market, offering operational references for investors.

[Core Project Unlock Analysis] ■ Jupiter (JUP) Unlock Details

(JUP August Unlock Plan | Source: Tokenomist) Unlock Time: August 28 Unlock amount: 53.47 million JUP (circulation 1.75%) Valuation Estimate: 27.54 million USD Distribution plan: the team receives 38.89 million coins, Mercurial stakeholders receive 14.58 million coins. Background Supplement: As a leading DEX aggregator in the Solana ecosystem, JUP adopts a monthly cliff vesting mechanism. Historical data shows that after the first five unlocks, the average drop in Token prices reached 12.3%.

■ Optimism (OP) Unlocking Plan

(OP August Unlock Plan | Source: Tokenomist)

Unlock time: August 31 Unlock quantity: 31.34 million OP (circulation 1.79%) Valuation: 24.36 million USD Distribution Plan: Core Contributors 16.54 million Tokens, Investors 14.80 million Tokens Technical Highlights: The Ethereum Layer 2 solution using Optimistic Rollups technology will reach a total circulation of 1.78 billion OP after this unlock.

■ Kamino (KMNO) large-scale release

(KMNO August Unlocking Plan | Source: Tokenomist)

Unlock Time: August 30 Unlocked amount: 229 million KMNO (circulation 8.81%) Valuation: 13.81 million USD Allocation Plan: Core Advisors 146 million tokens, Development Team 83.33 million tokens Risk Warning: The unlocking ratio this time is the highest among recent Solana ecosystem projects, equivalent to 3.2 times the average daily trading volume.

[Overview of Other Project Unlocks] ▲ Huma Finance (HUMA): Release value of approximately 42 million Tokens ▲ Sophon (SOPH): The unlock amount accounts for 5.7% of the circulating supply. ▲ Venom (VENOM): Concentrated release of institutional investor shares

[Market Impact Depth Assessment] ■ Historical Data Comparative Analysis According to TokenUnlocks data, the total unlocked value in August 2025 reached $9.8 billion, setting a new monthly high for the year. This week's unlocking scale accounts for 63% of the total for the month, mainly concentrated between August 28-31, and market liquidity will face a severe test.

■ Key Technical Positions JUP needs to hold the key support at 0.48 USD (Fibonacci 61.8% retracement level) The key defense level for OP is at $2.17 (the 30-day moving average overlap). If KMNO falls below $0.057, it may trigger a chain sell-off.

[Institutional Opinion Summary] ■ Market Maker Response Strategies Mainstream market makers such as Amber Group have issued liquidity warnings, expecting to widen the bid-ask spread before and after the unlocking. Historical data shows that market volatility typically increases by 35-60% during large-scale unlocks.

■ Analyst Operation Suggestions

1. Short-term traders should consider reducing their positions in the 3 trading days before unlocking.
2. Arbitrageurs can pay attention to opportunities for expanding the price difference between futures and spot.
3. Long-term investors are advised to adopt a staggered investment strategy.

[On-chain data monitoring] It is recommended to focus on the following indicators:

1. Exchange Net Inflow
2. Large Transfer Monitoring (>$500,000 transactions)
3. Pledge Contract Fund Outflow Situation
4. Changes in Market Maker Wallet Balance

[Conclusion] The upcoming token unlocking wave, as the largest centralized release event of 2025, will pose a significant test to market liquidity. It is recommended that investors closely monitor the changes in volume and price before and after the unlocking, paying special attention to risk control for projects with high unlocking ratios such as KMNO. Historical data shows that the best layout opportunities typically occur within 7 trading days after unlocking events, and it is advised to maintain sufficient USDT positions to seize opportunities arising from mispricing.

(This article is based on publicly available data and does not constitute any investment advice. Investing in Crypto Assets carries a high level of risk; please make rational decisions and pay attention to asset safety.)