Sui and Bio Protocol lead $549 million in token unlocks this week

Sui and Bio Protocol lead token releases between May 25 and June 1. Source: Wu Blockchain

Among the other notable cliff unlocks are ALT with 240.10 million tokens worth $7.58 million (6.83% unlock supply), VENOM with 29.26 million tokens worth $6.06 million (2.51%), and REZ releasing 423.70 million tokens worth $5.88 million (15.82%).

DYDX completes the cliff unlock list with 8.33 million valued at $5.06 million tokens equal to 1.07% of its unlock supply. The cliff unlocks total approximately $260.66 million across nine projects.

Solana leads linear unlocks

Solana dominates the linear unlock category with 465.77K tokens worth $81.30 million entering circulation. This is, however, 0.09% of its circulating supply because the cryptocurrency has a vast current token supply. This linear release strategy places the supply growth incrementally rather than flooding tokens into circulation at once.

Worldcoin (WLD) follows with 37.23 million tokens valued at $52.49 million. This unlock accounts for 2.69% of its circulating supply. TAO releases 50.40K tokens worth $21.90 million (0.59% of circulating supply).

At the same time, DOGE contributes 96.52 million tokens valued at $21.30 million, which is just 0.06% of its massive circulating supply.

Other notable linear unlocks include TIA with 6.96 million tokens worth $17.75 million (1.10% of circulating supply), AVAX releasing 700.00K tokens valued at $16.30 million (0.17%), and an additional Sui linear unlock of 3.35 million tokens worth $12.02 million (0.10%).

MORPHO adds 6.96 million tokens worth $10.43 million (2.57% of circulating supply), ETHFI contributes 8.46 million tokens valued at $10.41 million (3.53%), and DOT releases 2.30 million tokens worth $10.38 million (0.15%).

Additional linear unlocks include IP, with 2.32 million tokens ($9.84M), NEAR with 2.97 million tokens ($8.27M), JTO with 4.20 million tokens ($8.24M), and FIL with 2.56 million tokens ($7.23M).

Less popular unlocks face varied progress rates

Several smaller cryptocurrency projects are approaching different stages of their token unlock schedules, with varying degrees of progress toward full circulation. As per CoinMarketCap data, NFPrompt (NFP) currently shows 44.76% unlock progress with 441.83 million tokens in circulation, and has its next unlock of 14.51 million NFP tokens scheduled. This is valued at $1.25 million, representing 1.45% of total locked tokens.

Metahorse Unity (MUNITY) is 39.84% of its unlock cap with 144.7 million tokens being in circulation. The second unlock of the project has 15 million MUNITY tokens worth $24,438.47 and is 3.00% of locked supply.

TOPGOAL (GOAL) is at present at 59.08% unlock level with 543.75 million supply of tokens. Its upcoming release has 11.59 million GOAL tokens valued at $59,867.17, or 1.16% of all locked tokens.

Sable Finance (SABLE) has 54.75% of its unlock schedule completed with 5.17 million tokens in supply. The next unlock is 182K SABLE tokens worth $7,140.59. This is 1.82% of locked supply.

Bowled.io (BWLD) is at its lowest unlock level at 29.38% with 42.12 million tokens outstanding. Its future release has 10.52 million BWLD tokens worth $2,839.66, or 2.10% of total locked supply. These small unlocks individually pressure token supplies as projects continue their consistent release schedules.