The unlocking of dozens of tokens will be held in April 2025 and is worth approximately $1.5 billion. It is worth noting that the first week of April will open for more than $642 million, more than half of the total value released in April from major players such as SUI, ENA, ena, dydx, etc.
The first week of April, notable token unlocking
Over the next seven days, the cryptocurrency market is offering a massive wave of huge token unlocking, with a total value of over $642 million. Symbolist. The event involves cliffs and linear unlocking of several prominent tokens that may affect market dynamics due to increased circular supply.
Source: Symbolists
In Cliff Unlock, SUI has a lead of 64.19 million tokens worth $149.83 million, accounting for 2.14% of its circular supply. Other notable unlocks include:
- W (Wormhole): 1.39 billion tokens, $116.12 million, accounting for 46.27% of the circular supply
- ENA (Ethena): 212.5 million tokens, $78.81 million, 4.02% circular supply
- OP (Optimistic): 31.34 million tokens, $23.4 million, accounting for 2.11% of the circular supply
- JTO (Jito Labs): 11.31 million tokens, $24.4 million, accounting for 3.65% of the circular supply
Tokens like Bigtime, Zeta, Kas, Neon and DyDX are also featured, with unlocked values ranging from $6.79 million to $44.26 million. In terms of linear unlocking, SOL is priced at $58.8 million per day (0.09% of the circular supply supply), followed by WLD ($2.922 million, 3.06%), TIA ($22.69 million, 1.20%, 1.20%) and Doge ($158.4 million ($1.58.4 million, 0.09%)).
OM, Tao, Avax and other nearby tokens will also make unlocks more than $1 million per day.
Significant impact on the market
These unlocks can introduce enormous sales pressure because a sudden increase in circular supply often leads to price dilution when demand cannot match the influx of new tokens. For example, tokens like W, whose circular supply of 46.27% ($116.12 million) unlocked and 1.20% ($22.69 million) daily unlocked, are particularly vulnerable to significant price fluctuations. Such a high percentage will overwhelm the market absorption, and as early holders or investors sell their newly released tokens, it may lower the price. In addition, sA significant increase in the circulating supply of UCH may affect price movements as it requires more capital to drive prices upward. Therefore, there is a high possibility of symbolic price fluctuations before unlocking the event.
Conversely, tokens like SOL release 0.09% ($58.8 million) daily, while Doge (also 0.09% ($15.84 million) of Doge may have a lighter impact due to its higher liquidity and larger market cap. These projects benefit from wider adoption and stronger demand, which can better absorb additional supply.
Investors should be vigilant and monitor official announcements and market sentiment as these unlocks can reshape price trends and overall market stability over the next week.
