SUI leads $625 million token unlocks this week, Solana tops linear unlocks

Tokens set to be unlocked during the week between April 28 and May 5. Source: Wu Blockchain

ENA and ZETA will unlock tokens worth $13.95 million and $11.10 million, respectively. These represent 0.74% and 0.13% of their unlock supplies. REZ will see a substantial 527.60 million tokens worth $7.35 million unlocked, which accounts for 24.54% of its unlock supply.

Rounding out the major cliff unlocks are MEME with 3.45 billion tokens worth $7.16 million (7.71% of unlock supply), DYDX with 8.33 million tokens valued at $5.33 million (1.23% of unlock supply), GUNZ with 83.33 million tokens worth $5.18 million (11.83% of unlock supply), and IOTA with 23.78 million tokens also valued at $5.18 million (0.68% of unlock supply).

Combined, these cliff-style unlocks will release tokens valued at approximately $397 million into the market. This accounts for about 63% of the total value of all tokens being unlocked during the April 28 to May 5 period.

Solana leads in large linear token unlocks

Solana (SOL) tops the list of tokens that will be unlocked, with 465,770 SOL tokens valued at $67.61 million to be unlocked between April 28 and May 5. Although the amount in terms of money is large, the unlock accounts for just 0.09% of Solanas supply.

TRUMP token boasts the second-largest unlock with 3.45 million tokens valued at $49.33 million to be released. This is 1.73% of TRUMP‘s total supply. Worldcoin (WLD) comes third with 37.23 million tokens valued at $40.69 million to be released. This is 2.84% of WLD’s total supply.

A few other significant linear unlocks include TIA (6.96 million tokens, $19.49 million, 1.13% of supply), TAO (50.40K tokens, $17.49 million, 0.59% of supply), and Dogecoin (DOGE) at 96.52 million tokens worth $17.09 million (0.06% of supply).

Avalanche (AVAX) will have 700,000 tokens released, which will total $14.80 million. SUI is found in both groups and will have 3.35 million tokens released over time, totaling $11.45 million (0.12% of its total supply).

The other tokens with significant linear unlocks are Polkadot (DOT) with 2.30 million tokens valued at $9.28 million (0.15% supply), IP with 2.32 million tokens valued at $8.77 million (0.90% supply), MORPHO with 6.80 million tokens valued at $8.09 million (2.85% supply), NEAR with 2.97 million tokens valued at $7.24 million (0.25% supply), and JTO with 4.20 million tokens valued at $7.19 million (1.31% supply).

Combined, these linear unlocks represent approximately $228 million of the weeks $625 million of token unlocks that are scheduled.

Less popular unlocks

Apart from the massive token unlocks, some smaller projects are also set to unlock tokens. As per CoinMarketCap data, Sign (SIGN) has an unlock rate of 0.00%, and the next unlock will be unlocking 1.2 billion SIGN tokens. This represents 12.00% of the locked tokens.

GoGoPool (GGP) has 22.29% of its tokens unlocked. Soon, 719,625 GGP tokens will be unlocked, worth about $2.43 million. This represents 3.20% of all the locked GGP tokens. Portal (PORTAL) has released 53.03%. 13.71 million PORTAL tokens will be unlocked, which is approximately $1.26 million. This is 1.37% of the locked supply.

Castle of Blackwater (COBE) unlocked 34.13%. Next, 1.4 million COBE tokens worth $18,200 (1.40% of total locked) will be released. Renzo (REZ), existing on the cliff unlock list as well as here, has 21.00% unlock. 864.3 million REZ tokens worth $12.73 million (8.64% of total locked) will be released.