Nearly $300M in Crypto Unlocks Threaten Fresh Volatility

A wave of fresh supply is about to wash over the crypto market, with more than $297 million worth of token unlocks scheduled between November 17 and November 24, according to new figures from Tokenomist shared by Wu Blockchain.

The timing couldn’t be more sensitive, arriving during one of the most volatile months of the year.

Big Cliff Unlocks Could Spark Heavy Selling

Several projects are facing major one-time unlocks, each releasing more than $5 million in previously locked tokens.

The largest include:

1. ZRO – $37.28M (25.71M tokens, 7.29% of supply)
2. SOON – $25.86M (15.21M, 4.33%)
3. YZY – $14.59M (37.5M, 12.5%)
4. ZK – $8.71M (173.08M, 3.37%)
5. MBG – $7.31M (15.84M, 9.20%)
6. KAITO – $6.30M (8.35M, 2.97%)
7. APE – $5.47M (15.6M, 1.66%)

Cliff unlocks like these often generate the sharpest short-term pressure, especially when a large chunk of the circulating supply hits the market all at once.

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Major Supply Expansions: SOL, TRUMP, WLD, DOGE, AVAX

Some of the week’s highest-value unlocks come from assets with large market caps – reducing the percentage impact but still introducing tens of millions in supply:

• Solana (SOL) – $69.53M unlocked (0.09% of supply)
• TRUMP – $34.48M (2.45%)
• Worldcoin (WLD) – $25.47M (1.60%)
• Dogecoin (DOGE) – $15.76M (0.06%)
• ASTER – $12.59M (0.51%)
• Avalanche (AVAX) – $10.94M (0.16%)
• TAO – $8.34M (0.26%)
• Zcash (ZEC) – $7.51M (0.07%)
• ETHFI – $7.63M (1.40%)

These releases may not dramatically change circulating supply percentages, but combined with current market weakness, even minor increases can influence short-term pricing.

Why It Matters: Market Already Fragile

Large unlock weeks often act as pressure points for the market, creating a perfect mix of conditions that can sway prices quickly. As previously locked tokens enter circulation, volatility typically spikes, prompting vested investors to take profits while liquidity is high.

Smaller or thinly traded tokens are the most vulnerable, frequently experiencing sharper price dips as the sudden supply increase weighs on demand. At the same time, traders tend to crowd around unlock events, speculating on timing and market reactions, which adds another layer of turbulence to already fragile price action.

Top-cap assets like SOL, DOGE, and AVAX usually absorb unlocks without major disruptions, but in a risk-off environment, nothing behaves normally.

With $297 million in supply set to enter circulation and sentiment already shaky, traders are watching the coming week closely. Unlock-driven pressure – combined with macro uncertainty – may create one of the most reactive trading windows of the month.