Token unlocks worth $638 million due over the next week, raising concerns over growing supply pressure on altcoins

A fresh analysis warns that a heavy concentration of large-scale token unlocks over the coming week could increase short-term supply pressure, particularly for some altcoins.

According to data from Tokenomist cited by Wu Blockchain on the 2nd (local time), tokens scheduled for “cliff unlocks” exceeding $5 million on a per-event basis over the next seven days include Hyperliquid (HYPE), XDC Network (XDC), Berachain (BERA) and Ethena (ENA). Because these tokens are structured to release large amounts at a specific point in time, they are seen as factors that could amplify short-term price volatility.

Over the same period, tokens subject to “linear unlocks”—with at least $1 million supplied to the market per day on a rolling basis—include Rain (RAIN), Solana (SOL), Canton (CC), Official Trump (TRUMP), River (RIVER), Worldcoin (WLD) and Dogecoin (DOGE). While linear unlocks may have a more limited immediate impact, their accumulation could translate into sustained selling pressure.

The total volume of token unlocks scheduled over the next seven days is estimated to exceed $638 million. With market liquidity having recently tightened, this increase in supply could directly affect the supply-demand dynamics of individual tokens, the analysis said.