Token unlocks scheduled for the week of January 12-18, 2026, are set to exceed $1.5 billion to $1.7 billion in total value, according to data from Tokenomist and market reports. This significant influx of new supply comes amid a range-bound market facing macro uncertainty, with analysts simultaneously pointing to potential signs of capital rotation into the crypto sector.
The largest single event is a cliff unlock for Ondo Finance (ONDO), accounting for roughly $772 million to $780 million worth of tokens. This represents over 57% of its adjusted released supply, posing a substantial potential supply overhang. The second-largest unlock is for the meme coin TRUMP, with nearly $269 million to $300 million scheduled for release. The TRUMP unlock is notable as it is entirely allocated to team wallets.
Other major cliff unlocks highlighted include ARB ($19.56M), STRK ($10.33M), SEI ($9.15M), and ZK ($5.89M). The calendar also features significant linear (daily) unlocks. RAIN leads this category with over $84 million unlocking over the week, representing about 2.77% of its circulating supply. Solana (SOL) will see about $67 million in tokens released, though this is a minimal 0.09% of its circulating supply. TRUMP appears again in linear unlocks with an additional $299 million scheduled.
Further linear unlocks include Worldcoin (WLD) at $21.13 million, Dogecoin (DOGE) at $13.42 million, Avalanche (AVAX) at $9.57 million, and Bittensor (TAO) at $7.22 million. The report also notes that nearly 50% of the circulating supply for some projects is scheduled to unlock over the next twelve months, which may challenge price stability without renewed usage growth or market momentum.
Amid this unlock pressure, crypto analyst Dan Gambardello highlighted a developing macro pattern. He noted that precious metals like gold and silver have turned bullish, which historically signals capital hiding during uncertainty. "Gold and silver lead during uncertainty…then stall right as PMI turns up and crypto starts moving," Gambardello stated. He pointed out that with the global Purchasing Managers' Index (PMI) showing signs of recovery from deep contraction and Quantitative Tightening (QT) ending, the conditions for capital to rotate into crypto are lining up. This creates a scenario where the fresh token supply could meet improving demand rather than simply leading to forced selling.
