Major token unlocks are scheduled for May 2025, potentially impacting multiple cryptocurrencies and contributing to heightened market volatility. Projects such as Solayer ($86.73 million, 27.02M tokens) and Ethena ($49.52 million, 171.88M tokens) are among those with significant releases. Tokens LAYER and SPEC are set for notable increases in circulating supply, while projects like Solana and Polkadot will experience substantial daily unlocks.
Historically, large unlock events have led to increased selling pressure and amplified price swings, particularly for newer or less liquid tokens like MOVE and SPEC. Experts highlight the risk of value declines and shifts in total value locked for related protocols.
Additional projects affected by major linear unlocks include SOL, WLD, TIA, DOGE, KAS, and NEON. The market is closely monitoring these events, though no direct statements have been made by project leadership. The overall outlook suggests increased scrutiny and potential stress across impacted assets.
