Token

Solayer

Worldcoin

Dogecoin

The digital asset space is bracing for impact as more than $389 million worth of token unlocks are slated to hit the market this week.
The unlock wave will include large, one-time cliff unlocks as well as linear, more gradually distributed unlocks.
<h2 id="a-flood-of-new-supply-enters-the-market">A Flood of New Supply Enters the Market</h2>
Data from blockchain analytics platform Tokenomist <a href="https://x.com/WuBlockchain/status/1919206178867097819" target="_blank" rel="noopener noreferrer nofollow">shared</a> by crypto journalist Colin Wu shows that among the most significant cliff unlocks are Solayer (LAYER), Ethena (ENA), and Spectre (SPEC), with the projects releasing between $6 million and $86 million in tokens.
LAYER will account for the largest output, with nearly 13% of its supply, amounting to about 27 million tokens worth approximately $86.73 million set to be unlocked. On its part, ENA will inject slightly over 3% of its locked supply into the market, valued at just under $50 million.
Meanwhile, Spectre (SPEC) is expected to flood the market with 10 million tokens, a massive 48.51% of its supply, worth some $21.3 million. These unlocks tend to increase the circulating supply abruptly, often triggering sell-offs from early investors seeking to realize profits.
Other activities include Kaspa, which will release 144.64 million of its native KAS token priced at about $13.39 million and making up just 0.55% of its locked supply. Movement (MOVE), which recently made headlines after <a href="https://cryptopotato.com/movement-labs-suspends-co-founder-amid-market-maker-scandal-full-details/" target="_blank" rel="noopener noreferrer nofollow">suspending</a> co-founder Rushi Manche over a suspicious market making deal with an obscure Chinese entity, is also set to deploy 2% of its supply for $8.45 million in the coming week.
<h2 id="daily-unlocks">Daily Unlocks</h2>
In addition to these one-time dumps, there will be a steady stream of daily unlocks throughout the week. According to the Tokenomist <a href="https://tokenomist.ai/unlocks" target="_blank" rel="noopener noreferrer nofollow">website</a>, Solana (SOL) and Worldcoin (WLD) will activate 465,000 and 37.23 million tokens, respectively, between today and May 12. Each will put out $9.67 million and $5.11 million worth of their respective assets daily.
Worldcoin has attracted particular attention after the Sam Altman-led project officially <a href="https://cryptopotato.com/sam-altmans-world-launches-in-6-cities-in-the-us/" target="_blank" rel="noopener noreferrer nofollow">launched</a> in six U.S. cities on April 30, signaling a major geographical expansion of its controversial Orb-based biometric identity verification system.
Elsewhere, the Donald Trump-affiliated meme coin, TRUMP, will also initiate daily token unlocks worth $5.49 million for the next seven days. This comes even after claims emerged that its team had <a href="https://cryptopotato.com/is-the-trump-meme-coin-team-dumping-tokens-after-dinner-invite-and-price-surge/" target="_blank" rel="noopener noreferrer nofollow">moved</a> large portions of the token’s supply to centralized crypto exchanges in what some contended was a potential pump-and-dump set up.
Dogecoin (DOGE) is also on the unlock docket, with 96.5 million tokens worth upwards of $16 million set to be released to the market in small drips across the week. At the time of this writing, the asset was trading down a negligible 0.1% in the last 24 hours and a more noticeable 4.1% over the past seven days, with price movement largely range-bound between $0.169 and $0.175.
The post <a href="https://cryptopotato.com/389m-in-token-unlocks-set-to-shake-crypto-markets-this-week/" rel="noopener noreferrer nofollow">$389M in Token Unlocks Set to Shake Crypto Markets This Week</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

$389M in Token Unlocks Set to Shake Crypto Markets This Week

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