The crypto market welcomes more than $517 million in the fourth week of September. This week, major projects such as Particle Network (Parti), Jupiter (Jup), and Nillion (NIL) will be releasing new tokens in a circular fashion.
These releases could introduce new supply pressures, leading to short-term volatility and price fluctuations. Here is a breakdown of what should be noted in each project.
1. Particle Network (PARTI)
Sponsored Unlock Date: September 25th Number of Tokens Unlocked: 182.78 million Parties (18.28% of total supply) Current Circular Supply: 233 million Parties Total Supply: 1 billion PARTI
Particle Network is a chain abstract protocol that enables seamless interoperability across the blockchain through universal accounts, universal gas and universal liquidity. This acts not as a dip building, but as an infrastructure chain for integrating users with liquidity in all chains.
On September 25th, the project unlocks 182.78 million Parti Altcoins worth nearly $29.17 million. The released token represents 78.44% of the released supply.
The team maintains the majority of the tokens (90 million) for community growth. Additionally, they will set 50 million parties for the reserve and 30 million airdrops for Binance Hodler.
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Additionally, Particle Network will devote 678,000 tokens to private sales. Finally, the KOL round will receive 6 million parties.
2. Jupiter (jup)
Unlocked date: September 28th Number of tokens unlocked: 53.47 million jups (0.76% of total supply) Current circular supply: 3.1 billion jups Total supply: 7 billion jups
Jupiter is the major distributed exchange (DEX) aggregator of the Solana (SOL) blockchain. Optimize your trade routes for the best prices and minimal slip.
The network unlocks 53.47 million Jup Tokens on September 28th via the monthly cliff vesting schedule. Supply is worth $25.17 million, accounting for 1.75% of the supply released.
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Similar to previous unlocks, Jupiter allocates mostly released supplies primarily to teams (38.89 million JUPs) and mercury stakeholders (1458 million JUPs).
3. Nillion (nil)
Unlocked Date: September 24th Number of tokens unlocked: 65.12 million nil (6.51% of total supply) Current Circular Supply: 195 million nil Total Supply: 1 billion nils Sponsors
Nillion is a decentralized network known as the “Human’s First Blind Computer.” It focuses on privacy-enhancing technology (pets) for secure calculations and storage. The network enables applications that provide confidential AI training, encrypted databases and privacy in sectors such as Healthcare and Depin.
Nillion will release 65.12 million Nil tokens on September 24th. The token represents 33.37% of the supply released and is worth around $21.21 million.
From the unlocked supply, the community receives 2722 million zeros. The team will award 25 million tokens for protocol development. Finally, Nillion will maintain 12.9 million tokens for ecosystems, research and development.
In addition to these three, several other projects will unlock tokens this week, contributing to a wider market effect. Investors can focus on unlocking tokens from Sahara AI (Sahara), Venom (Venom), and Altlayer (ALT).
