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The crypto market is facing fresh supply pressure this week, with over $686 million worth of token unlocks scheduled across a wide range of projects. Leading the charge are SUI and Jupiter (JUP), two major tokens with sizable cliff unlocks. According to data from Tokenomist, SUI will unlock 44 million tokens valued at approximately $189.62 million, representing 1.27% of its circulating supply. This marks the single largest token unlock by dollar value this week. Jupiter, the Solana-based decentralized exchange aggregator, will follow with 53.47 million JUP tokens worth $32.12 million entering circulation, affecting about 1.81% of its supply.
Alongside these two major releases, several other projects are also facing cliff unlocks that could impact market dynamics. Ethena (ENA) is set to release 40.63 million tokens worth $26.64 million, while Optimism (OP) will unlock 31.34 million tokens valued at $22.91 million, impacting nearly 2% of its total supply. Smaller projects like KMNO, SIGN, GPS, ZETA, and REZ are also participating in this unlock cycle, with supply impacts ranging from 4% to over 30% in some cases. GPS, for example, is unlocking 542.33 million tokens worth $11.64 million, affecting more than 31.75% of its token supply—one of the highest percentages observed this week.
In addition to cliff unlocks, many projects continue with their linear unlock schedules, which involve the daily release of new tokens into the market. Solana leads this category with 465,770 SOL tokens unlocking daily, amounting to a weekly value of $87.59 million. Other high-value linear unlocks include Worldcoin (WLD), releasing 37.23 million tokens daily worth $44.67 million, and Bittensor (TAO), unlocking 50,400 tokens daily valued at $21.49 million weekly. Dogecoin is also part of this trend, releasing 95.49 million DOGE per day, contributing to a total weekly value of $22.90 million.
Interestingly, the TRUMP token is also experiencing a significant linear unlock, with 4.89 million tokens distributed daily. The weekly value of this unlock reaches $50.13 million, affecting around 1.67% of the token’s circulating supply. This adds an unexpected layer of political and financial intrigue, especially given the increased attention on Donald Trump’s Bitcoin-related comments and campaign donations tied to cryptocurrencies.
Other notable linear unlocks include Celestia (TIA), Avalanche (AVAX), SUI, Morpho, and projects like ETHFI, DOT, SEI, IP, JTO, and NEAR, each contributing between $8 million and $18 million worth of new tokens weekly. These predictable unlocks create consistent, albeit gradual, market pressure and contrast with the abrupt nature of cliff unlocks.
Beyond the headline tokens, several lesser-known projects are also undergoing important unlock phases. Renzo, for example, currently shows 36.87% unlock progress and will distribute another 423.7 million REZ tokens valued at $6.31 million. MilkyWay is set to release 32.19 million MILK tokens worth $1.62 million, bringing its progress to 21.11%. GoGoPool will unlock 719,625 GGP tokens worth $1.22 million, while Delabs Games and Treehouse remain in early stages of their vesting schedules, each with 0.00% progress shown.
Overall, the token unlock activity this week is both diverse and substantial, spanning major blue-chip projects and up-and-coming altcoins. While linear unlocks provide some predictability for traders and investors, the cliff unlocks—especially those led by SUI and Jupiter—are expected to exert noticeable short-term pressure on prices. As such, market participants are closely watching liquidity, price movements, and trading volumes to gauge the broader impact of these unlocks across the crypto ecosystem.