Cryptocurrency markets are bracing for a significant token unlock wave between June 30 and July 7, 2025, with over $484 million worth of tokens scheduled to enter circulation. The unlocks include both one-time large cliff releases and daily linear unlocks across multiple projects.
SUI leads the batch with a massive $125 million cliff unlock, representing 1.29% of its total supply. Despite this, SUI has shown mixed price action recently—gaining 11.7% in the last seven days but still down over 10% in the past two weeks. Other notable one-time unlocks include Ethena (ENA) at $58.12 million, Kamino (KNMO) with a 10.41% supply release valued at $13.56 million, and Optimism (OP) with $18.64 million tokens unlocking.
The Solana (SOL) network’s native token will experience the largest daily linear unlocks, injecting nearly $10 million worth of tokens into the market daily for a week. SOL has remained relatively stable, showing a 12.1% weekly gain and strong demand. Other daily releases include Worldcoin (WLD) at nearly $5 million daily and Official TRUMP (TRUMP) meme coin unlocking $31 million this week. TRUMP, however, is experiencing weakening price trends.
Smaller-cap tokens like Neon (NEON) and Sei (SEI) are also unlocking significant portions of their supply—NEON releasing 22.5%, the highest relative percentage, and KNMO over 10%, raising concern for potential selling pressure. Avalanche (AVAX), Dogecoin (DOGE), and other altcoins also have moderate unlock volumes contributing to market supply increases.
Historically, large token unlocks can trigger selling pressure and price volatility, but recent price data suggests more nuanced market responses. The combined effect of these unlocks is prompting traders and investors to closely monitor market movements given the sharp increase compared to the previous week’s $250 million unlock volume.