The cryptocurrency market faces over $235M in token unlocks, impacting investor sentiment and market dynamics - IcoHolder.
Between April 21 and 28, the cryptocurrency market is poised for another major wave of token unlocks, with more than $235 million worth of tokens set to be released across several key projects. These events, which can significantly influence token prices and investor sentiment, are drawing close attention from traders worldwide.
Leading this week’s cliff unlocks are Venom (VENOM) and AltLayer (ALT). Venom is set to release 59.26 million tokens worth $8.25 million, while AltLayer will unlock 240.10 million tokens valued at $7.09 million. Despite the sheer volume, ALT has defied bearish expectations, rising 5.71% to $0.02656, suggesting strong market support and investor interest.
Solana (SOL), a top player in linear unlocks, is releasing 465,770 tokens worth approximately $66.03 million. Although spread over time, the volume remains significant enough to impact market dynamics.
Undeads Game (UDS) will unlock tokens worth $11.5 million, accounting for more than 20% of its circulating supply—a notably large portion. The token is currently down 1.18%, indicating potential selling pressure as the market anticipates dilution.
Other notable unlocks include Morphware (XMW), releasing $676,000 worth of tokens—1.58% of its supply—while gaining over 5%, and Hooked Protocol (HOOK), unlocking $465,000 worth of tokens with the strongest daily gain of 7.59%. These moves show that not all unlocks translate to immediate downturns; some tokens are riding positive sentiment.
The unlocking schedule also includes well-known tokens like Worldcoin and TRUMP, which could contribute to short-term volatility depending on market conditions and investor reactions.
This week’s activity follows a massive $463 million in token unlocks from the previous week, which featured Arbitrum ($94.87M), Starknet ($91.52M), and Axie Infinity ($76.74M), among others. As more projects follow structured unlock schedules, the market remains on alert for shifts in supply and investor behavior that can tip the scales.
