$389M in Token Unlocks Set to Shake Crypto Markets This Week

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The digital asset world is holding onto its seats (and maybe their wallets?) as a whopping $389 million in token unlocks are set to flood the market this week. If you’re not holding your breath in suspense, you might want to consider it now.

Get Ready for the Crypto Tsunami 🌊

According to blockchain analytics platform Tokenomist (shout-out to Colin Wu for the scoop), the biggest cliff unlocks are coming from Solayer (LAYER), Ethena (ENA), and Spectre (SPEC). These projects are about to dump anywhere from $6 million to a cool $86 million worth of tokens. Brace yourselves, people!

LAYER’s going to be the big spender here, unlocking nearly 13% of its supply—27 million tokens worth around $86.73 million. Ethena, though not as dramatic, is still releasing over 3% of its locked tokens, a tidy sum of $50 million. Meanwhile, Spectre is going full throttle with a mind-blowing 48.51% of its supply—10 million tokens worth $21.3 million. Warning: these releases usually cause some panic-selling as early investors rush to cash out. Classic move, right?

Oh, and let’s not forget about Kaspa, which is dropping 144.64 million KAS tokens worth about $13.39 million, but only 0.55% of its locked stash. Movement (MOVE), which is currently dealing with some drama involving co-founder Rushi Manche (because of course it is), will release 2% of its supply worth $8.45 million. Drama and tokens, it’s like a reality show for crypto!

Daily Unlocks That’ll Keep You on Your Toes

In addition to the big-ticket releases, daily unlocks are happening, like clockwork, all week. Solana (SOL) and Worldcoin (WLD) will be keeping it steady with daily token drops—465,000 for Solana and 37.23 million for Worldcoin. Between now and May 12, these will be worth $9.67 million and $5.11 million a day. Just what you need to spice up your crypto life, right?

Speaking of Worldcoin, this project has been making waves since its launch in six U.S. cities, with its biometric Orb-based identity verification system. If you’re not sure how you feel about being scanned by an orb, you’re not alone. But hey, it’s happening.

And just when you thought it couldn’t get any more chaotic, the Donald Trump-backed meme coin, TRUMP, will also unleash daily token unlocks worth $5.49 million for the next week. There are rumors flying around about the team potentially pulling a classic pump-and-dump with large portions of its supply being moved to centralized exchanges. But who could’ve seen that coming? 🙄

As if that wasn’t enough drama, Dogecoin (DOGE) will release 96.5 million tokens worth over $16 million in gradual daily drops. At the time of writing, DOGE is barely moving (down 0.1% in the last 24 hours and 4.1% in the last week), but hey, small price movements can still stir the pot!

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2025-05-05 22:49