Upcoming Token Unlocks Signal Short-Term Supply Pressure Across Crypto

The token unlock calendar over the next two weeks points to a concentrated wave of new supply entering the market, with several projects facing sharp increases in circulating tokens within a short time window.

The data combines both dollar-denominated unlock values and relative supply percentages, offering insight into where near-term selling pressure could intensify.

One project clearly dominates the schedule. ONDO is set for the largest single unlock by a wide margin, with nearly $848 million worth of tokens scheduled for release. That figure represents more than half of its current circulating structure, making it one of the most impactful unlocks on the calendar. With only about one-third of ONDO’s total supply already in circulation, this event marks a major transition in its token distribution.

A second tier of large unlocks follows. HYPE is expected to release roughly $315 million in tokens, a comparatively modest percentage increase given its already higher circulating share. TRUMP also stands out, with approximately $274 million scheduled to unlock in less than two weeks, translating into a double-digit increase in circulating supply despite less than half of its tokens currently released.

Percentage impact grows as market caps shrink

Beyond the headline figures, several mid-sized projects are preparing for unlocks that may still influence short-term price behavior, especially when viewed collectively. Tokens such as ENA, CONX, APT, and ARB each face releases ranging from roughly $20 million to $40 million. Individually, these events may appear manageable, but their close timing adds to overall market supply during a narrow period.

For smaller-cap tokens, percentage impact becomes the more critical metric. Projects like DBR, STRK, and CHEEL show unlocks that are modest in dollar terms but significant relative to their circulating supply. In markets with thinner liquidity, even these smaller releases can lead to outsized price reactions, particularly if holders look to realize gains quickly.

What makes this period especially notable is the timing. Every listed unlock falls within a fourteen-day window, with several scheduled to occur almost immediately. This clustering effect increases the likelihood of heightened volatility, as multiple supply events may overlap before the market has time to fully absorb earlier releases.

Overall, the data points to a front-loaded unlock schedule, led by ONDO in absolute terms and reinforced by meaningful percentage increases across several smaller tokens. With so much new supply set to enter circulation in a short span, token unlocks are poised to play a central role in shaping short-term market dynamics in the days ahead.

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