The coming week anticipates a total of $237 million in new token inflows. The majority of these additions will stem from linear unlocks of high-profile tokens.
Linear unlocks typically do not cause market shocks in the same way cliff unlocks do, but they still present the challenge of absorbing a larger supply of new tokens.
Major linear unlocks scheduled include the ongoing SOL supply expansion, TRUMP meme token unlocks, and planned linear unlocks for ASTER, AVAX, and TAO. DOGE, the cryptocurrency known for its unlimited mining, will also see $1 million worth of new coins added. TRUMP unlocks are projected to reach $4 million per day throughout the upcoming week.
The total value of linear unlocks is expected to surpass $237 million. This week's unlocks follow a previous period that saw approximately $218 million in unlocks.
This week will also feature the Stable project unlock, valued at $566.38 million based on pre-market trading. This unlock coincides with the main net launch and general native token generation for a new network specializing in stablecoin transfers. The impact of the Stable launch is anticipated to differ from that of other projects which already have a trading history and established reactions to regular unlocks.
Market Anticipates $106 Million in Cliff Unlocks
The upcoming week is expected to see $106 million in cliff unlocks, with several of these releases bringing more than $5 million in new tokens to the market.
Significant cliff unlocks are slated for CONX, APT, STRK, CHEEL, LINEA, and BB tokens.
Connex (CONX) is projected to experience one of the most substantial shifts in its supply structure, with $21.85 million in new unlocks. CONX is currently 82% unlocked, with further linear or scheduled regular unlocks planned until April 2027.
Market Prepares to Absorb Web3 Unlocks
A significant portion of the unlocks scheduled for the coming week originates from Web3 projects, including those focused on infrastructure and individual applications.
Pump.fun (PUMP) is set to unlock $30.9 million in new tokens and may attempt to offset some of these inflows through its regular buyback mechanisms.
Aptos, a prominent platform for decentralized finance (DeFi), will introduce $19.9 million worth of tokens. LINEA tokens will add an additional $11 million to the new supply. This unlock represents a 6.78% increase to LINEA's circulating supply, making it one of the more impactful unlocks of the week.
Other notable Web3 unlocks include those from Mocaverse, Avantis, and various other projects. Web3 initiatives continue to manage legacy unlocks from early venture capital investments while simultaneously addressing price pressures from new supply.
Overall, token unlocks tend to exert a long-term influence on project reputations. Even in scenarios with rising prices, unlocks can impede an asset's ability to reach higher price ranges. Many projects that experience regular unlocks observe growth in their total market capitalization, even if token price appreciation is less pronounced. Not all projects with increasing market capitalization are capable of achieving a significant token breakout.