Massive Token Unlocks and Economic Events Set to Shake Altcoin Market Next Week

23.11.2025 20:08

The cryptocurrency market is navigating a partial recovery from recent lows, with Bitcoin still down 7.52% weekly, while analysts flag a cautious outlook amid a wave of altcoin token unlocks and key economic data releases. Token unlocks for 22 altcoins are scheduled from November 24 to 30, 2025, potentially increasing supply and selling pressure. Highlights include GateToken (GT) unlocking $65.87 million (8.31% of market cap) on November 26, Jupiter (JUP) releasing $12.57 million (1.64%) on November 28, and Optimism (OP) unveiling $9.82 million (1.70%) on November 30. Other notable unlocks involve Immutable (IMX) at $5.59 million (0.90%) and Grass (GRASS) at $12.10 million (7.08%), with detailed timings in UTC+3.

Concurrently, economic developments could influence broader sentiment: the US Producer Price Index (PPI) is expected at 0.3% monthly on November 25, followed by GDP, jobless claims, and Core PCE data on November 26, alongside the Fed's Beige Book. The European Union will impose sanctions on the A7A5 ruble-pegged stablecoin, while altcoin events like the GRASS token holders meeting, MON token production, and BONK ETP trading on the Swiss Exchange add to the volatility risks. Markets will close for Thanksgiving on November 27, and Hyperliquid (HYPE) begins a 2-year unlock of 237 million tokens on November 29.

GT GateToken $10.06 +1.41%
Fundamentally negative due to $65.87M token unlock (8.31% of market cap) on Nov 26, creating significant supply dilution and selling pressure. Combined with cautious market sentiment from economic data releases (PPI, GDP, Core PCE), this suggests strong downward pressure. Technicals show neutral momentum but vulnerability to fundamental catalyst. Short-term: high probability of decline post-unlock. Long-term: recovery depends on market absorption and broader altcoin sentiment recovery.
Technical analysis
Neutral technical setup contradicts bearish fundamentals. RSI at 50.92 shows no extreme, ADX 34.56 indicates weak trend, volume below average suggests lack of conviction. Technicals provide no buffer against fundamental selling pressure.
JUP Jupiter $0.24 +2.13%
JUP faces moderate negative pressure from $12.57M token unlock (1.64% of market cap) on Nov 28, increasing supply during fragile market recovery. Combined with US economic data releases and Thanksgiving liquidity drain, this creates headwinds for short-term performance. However, the unlock size is relatively small versus other altcoins, potentially limiting severe downside. Long-term depends on broader market sentiment recovery post-economic data digestion.
Technical analysis
Mixed signals: 4h RSI at 39.65 shows oversold conditions, but ADX at 59.49 indicates strong downtrend. Volume below 20-period average suggests weak participation. EMA20 below EMA50 confirms bearish structure, though oversold RSI may trigger minor bounce.
OP Optimism $0.32 +0.38%
OP faces a $9.82 million token unlock on November 30 representing 1.70% of market cap, creating fundamental selling pressure. Combined with broader altcoin unlock wave and key US economic data releases (PPI, GDP, Core PCE), sentiment is negative with moderate intensity. The unlock timing during Thanksgiving-thinned liquidity could amplify downward moves. Short-term bearish pressure expected around unlock date, though the relatively small percentage may limit severe damage if broader market stabilizes.
Technical analysis
Technical indicators show mixed signals: 4h RSI at oversold 31.84 suggests potential bounce, but ADX at 58.74 indicates strong downtrend. Volume below 20-period average across timeframes confirms weak participation. EMA structure (price below EMAs) maintains bearish bias.
IMX Immutable $0.31 -1.19%
IMX faces moderate negative pressure from upcoming $5.59M token unlock (0.90% of market cap) scheduled between Nov 24-30. While the unlock percentage is relatively small compared to peers, it coincides with broader altcoin supply inflation and key US economic data releases that could amplify selling pressure. Short-term outlook is bearish due to increased circulating supply and potential risk-off sentiment from PPI/GDP data. Long-term impact depends on whether unlocked tokens are distributed strategically or dumped immediately, but current macro conditions favor downward pressure.
Technical analysis
Technical indicators show mixed signals with RSI neutral (39-55 across timeframes) but 4h chart shows bearish momentum (RSI 39.73). Volume below 20-period average confirms weak participation. ADX above 40 on 4h indicates strong trend direction, likely downward given fundamental context.
GRASS Grass $0.37 +1.76%
GRASS faces significant fundamental headwinds with a $12.10 million token unlock representing 7.08% of market cap - one of the highest dilution percentages among major unlocks. This substantial supply increase creates strong selling pressure potential, amplified by broader altcoin weakness and key US economic data releases. The token holders meeting provides some offsetting narrative support, but the unlock magnitude dominates short-term sentiment. Expect downward pressure with potential for 10-15% decline near unlock date, though long-term adoption prospects remain contingent on network utility development beyond current supply dynamics.
Technical analysis
Technical indicators show mixed signals with RSI neutral (51.82) but ADX strong (34.01) indicating established trend. EMA20 (0.39) above current price suggests resistance, while volume below 20-period average signals weak participation. MACD near zero reflects indecision ahead of fundamental catalyst.
Sources
Trader Builds $67M HYPE Shorts, Faces 5% Liquidation Risk
coinomedia.com 25.11.2025 13:30
Major token unlocks hit $566M, setting stage for volatile week
crypto.news 25.11.2025 10:46
$566M Token Unlocks Could Set the Crypto Market Up for Price Swings
thecoinrepublic.com 25.11.2025 07:12
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