The crypto industry is constantly evolving, and token unlocks are one of the key events that traders and investors closely monitor. In September 2025, more than $2.1 billion worth of tokens are scheduled to be unlocked, which could impact the supply and demand balance of various cryptocurrencies. Among the top projects leading this wave of token unlocks are Sui, Ethena, and Aptos, each releasing substantial amounts of tokens.

Sui tops the list with approximately $180 million worth of tokens being unlocked on September 1st. This represents 1.42% of its total market capitalization, with 93.30 million tokens set for release. Following closely is Ethena, unlocking $46 million worth of tokens on the same day, accounting for 1.43% of its market cap.

Aptos, another significant player, has $45.5 million in tokens scheduled to be unlocked on September 12th, making up 1.65% of its market capitalization. Other notable projects include Arbitrum, LayerZero, and Pump Fun, each with millions of dollars worth of tokens unlocking throughout the month. These scheduled unlocks are crucial for market participants as they often indicate potential shifts in liquidity and price action.

Investors should keep an eye on these unlock events as they may signal changes in token availability that could affect prices. While token unlocks might lead to short-term price volatility, they also reflect the maturation and progress of blockchain projects. Understanding these dynamics can help investors make more informed decisions in the volatile crypto market.