3 Massive Late Jan/Early Feb Altcoin Unlocks

Every time a token unlock is coming, people panic. You’ll see tweets saying, “This is going to dump.” or “Get out before it’s too late.” But here’s something most people don’t realize.

Some of the best opportunities in crypto actually show up around token unlocks, not after everyone’s calm again. And right now, three big unlocks are coming up. They are all majors, big projects, and with many community token holders. So in this article, I want to walk you through what it actually means for price, and how I’m personally thinking about each one.

1) Sui

Sui has a token unlock happening on February 1st. About 54 million SUI tokens are unlocking, worth around $80 million at current prices. Now, that sounds like a big number But when you zoom out, this unlock is actually very small compared to Sui’s size. 

The unlock is only about 0.54% of the total supply, and roughly 1.24% of Sui’s entire market cap. Sui is sitting around a $5.4 billion market cap, and the unlock is just a tiny fraction of that. More importantly, Sui trades a lot every single day. There’s real liquidity here.

Even though the price is down about 61% over the past year, it’s been relatively stable recently – only about 1% down over the last 30 days. And we’ve already seen how Sui handles unlocks. At the start of January, around $65 million worth of Sui was unlocked, and the market absorbed it smoothly, with no major sell-off. That’s usually a sign of strength.

Why Sui’s Fundamentals matter right now

The bigger reason I’m not too worried about this unlock is what’s happening on-chain. Sui has hundreds of thousands of daily active users, millions of transactions every single day, and DeFi activity that’s grown to the point where Sui has actually flipped Aptos in DEX volume.

This is a chain people are using. So when tokens unlock in an environment like this, they don’t automatically crash price – often they just get absorbed by demand.

My personal take on Sui

Short term? Sure, you might see some volatility. That’s normal.

But when you look at:

  • How small the unlock is relative to market cap
  • how much liquidity exists
  • and how strong usage looks

Sui feels structurally very healthy to me.

Out of the three unlocks in this video, Sui is the one I’m the least worried about.

2) Eigenlayer

EigenCloud on the other hand is a very different story. Its token unlock is also happening on February 1st. But here, the unlock is much larger relative to the project’s size. About 36.8 million tokens are unlocking, worth roughly $12.3 million. Now here’s the key difference.

That unlock represents over 2% of total supply, and about 6.75% of EigenCloud’s market cap. EigenCloud’s market cap right now is only around $176 million, with a fully diluted valuation near $599 million. That means this unlock carries real dilution risk. The market cap is much smaller, and the amount unlocking is a much bigger percentage of it.

That means if even a portion of those tokens hit the market, the price can move fast in either direction. And we have to be honest about something. EigenCloud has already been in a strong downtrend for a long time. It’s down roughly 87% over the past year.

So momentum is already weak. When a project with a smaller market cap and weaker price action faces a relatively large unlock, price can move quickly – especially if holders decide to sell.

But EigenCloud is not a dead project

Here’s where it gets interesting. Despite the price action, EigenCloud is actually one of the biggest players in DeFi by total value locked. It sits right behind giants like Aave and Lido.

That tells you something important:

  • Usage exists
  • The protocol matters.

But the market is still figuring out how to price that value.

My take on EigenCloud

For me, this is not a coin I want to front-run before the unlock. I’d rather let the unlock happen and see how price reacts. If EigenCloud holds up after this level of dilution, that’s a strong signal that long-term players are stepping in. If it doesn’t, there’s no reason to rush.

3) Optimism

Now let’s talk about the last token – Optimism. Optimism also has an unlock coming up on 31st Jan, and on paper, it’s pretty reasonable in size. Not tiny, but not overwhelming either. About 32.2 million OP tokens are unlocking, worth roughly $9.8 million.

That’s about 0.75% of total supply, and roughly 1.66% of OP’s market cap. Yes the price is still down heavily from its highs, which has made a lot of people lose interest. But what’s interesting is what’s happening behind the scenes.

On-chain data shows large wallets slowly accumulating OP. At the same time, tokens moved from a foundation-linked wallet haven’t been dumped – they’re still being held. That tells me this unlock is being handled carefully.

Why Optimism is still relevant

Optimism’s leadership has been very clear about where they’re heading. The focus is on turning OP Stack into a revenue-generating scaling toolkit, improving performance, and making rollups more customizable.

It’s a long-term infrastructure play. That’s usually not exciting in the short term… but it’s often where accumulation happens.

My take on Optimism

Optimism feels like a slow, patient setup. I’m not expecting a big move right after the unlock.

I’ll be watching if the accumulation continues. Sometimes, the most interesting setups are the ones nobody is talking about.

Conclusion

Here’s the main thing I want you to take away from this video. Token unlocks are not something to fear by default. They are the moments where you get information about liquidity, demand, and confidence.

If this helped you understand token unlocks a bit better, drop a like, subscribe, and let me know in the comments which one you’re watching most closely. I’ll see you in the next one.

Disclaimer

The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.