September Token Unlocks See SUI, ENA, APT Lead $2.1B Rollout

The crypto market is getting ready for a fresh supply this September. More than $2.1 billion worth of tokens will reach circulation, according to CryptoRank data shared by Cointelegraph. The largest unlocks involve Sui ($SUI), Ethena ($ENA), and Aptos ($APT). Investors are already talking of how these events could shape short-term prices and overall market confidence.

Why Token Unlocks Matter

A token unlock happens when projects release coins that were locked during earlier phases. Teams usually set these schedules to stop immediate sell-offs after launch and to reward developers, early backers, or communities over time.

Unlocks bring opportunity and also risk. New tokens can increase growth if holders stake or reinvest them. But when demand doesn’t keep up, the extra supply can pull prices down. With billions entering circulation this month, many traders expect quite a ride.

Sui ($SUI) Leads With $184 Million Release

The biggest release belongs to Sui ($SUI), a blockchain built for speed and scalability. This month, the project will unlock more than $184 million worth of SUI tokens.

Sui has got a spot as a rival to Ethereum and Solana. Its strong developer activity keeps hope alive, but the size of this unlock raises the risk of heavy selling. Traders are watching to see whether market demand can absorb the extra supply.

Ethena ($ENA) to Unlock $60 Million

Next up is Ethena ($ENA), with around $60 million worth of tokens coming into circulation. Ethena has gotten famous for its DeFi products, especially its synthetic dollar (USDe).

DeFi projects often feel the sting of token unlocks, as prices react quickly to added supply. Still, Ethena’s steady growth and active user base could soften the impact.

Aptos ($APT) Adds $47 Million to Circulation

Aptos ($APT) will also unlock a big batch, that is worth about $47 million. The project, launched by former Meta engineers, focuses on scaling Web3 adoption and securing new partnerships.

Aptos has strong venture capital support, which may help to handle the unlock more easily. Even then, traders remain on the edge, knowing that sudden liquidity shifts can create sharp moves in price.

What This Means for the Market

September’s token unlocks will put billions of dollars into the market in just a few weeks. That could spark volatility across major altcoins. For some, this looks like a red flag. For others, it gives a chance to buy tokens at lower prices if short-term selling pressure kicks in.

Either way, $2.1 billion in new supply makes this month one of the most important testing grounds for investor sentiment in 2025. The way SUI, ENA, and APT hold up may set the tone for how traders approach unlocks in the months ahead.