Over $625 million worth of crypto tokens are scheduled for release between April 28 and May 5, marking a significant period of token unlocks across major blockchain ecosystems. This wave includes both cliff-style unlocks, where large quantities of tokens enter circulation at once, and linear unlocks, which gradually release tokens over time. The movement could influence market dynamics, investor sentiment, and short-term price volatility.
At the forefront of this unlock cycle is SUI, leading the cliff-style category with 74 million tokens—valued at $262.88 million—set to enter circulation. Meanwhile, **Solana (SOL)** dominates the linear unlock segment, with 465,770 SOL tokens worth $67.61 million being gradually released. These events represent pivotal moments for investor positioning and protocol development funding.
SUI Dominates Cliff-Style Token Unlocks
SUI takes the spotlight this week with the largest single token unlock by value. The upcoming release of 74 million SUI tokens ($262.88 million) accounts for 2.27% of its total unlock supply, making it a critical event for the network’s circulating supply and market liquidity.
This unlock is part of SUI’s broader tokenomics design, which allocates portions of the supply to early investors, team members, and ecosystem development. With such a large volume entering the market at once, traders and analysts will be closely watching for potential selling pressure or accumulation patterns.
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Following SUI in the cliff-style category is OMNI, which will unlock 15.98 million tokens valued at $40.43 million—an unusually high 153.77% of its unlock supply, suggesting either a revised vesting schedule or a unique distribution model.
Other notable cliff unlocks include:
- OP (Optimism): 31.34 million tokens ($24.22 million), 2.06% of unlock supply
- KMNO (Kamino): 229.17 million tokens ($14.30 million), 13.10% of unlock supply
- ENA (Ethena): $13.95 million worth of tokens unlocked (0.74% of supply)
- ZETA (ZetaChain): $11.10 million released (0.13% of supply)
Projects like REZ (Renzo), MEME, DYDX, GUNZ, and IOTA also contribute to the weekly total, each releasing between $5 million and $8 million in value. Notably, REZ sees 527.60 million tokens ($7.35 million) unlocked—representing 24.54% of its unlock supply—highlighting its aggressive release schedule.
Collectively, these cliff-style unlocks account for approximately $397 million**, or about **63% of the total $625 million in token releases this week.
Solana Leads Linear Unlock Volume
While SUI leads in lump-sum releases, Solana (SOL) dominates the linear unlock category with 465,770 SOL tokens worth $67.61 million being gradually distributed between April 28 and May 5. Despite the high dollar value, this only represents 0.09% of Solana’s total token supply, indicating a well-distributed and controlled release mechanism.
Linear unlocks are typically less disruptive than cliff events because they spread token inflows over time, reducing sudden sell-offs. Solana’s approach supports long-term alignment among stakeholders, including developers, validators, and foundation reserves.
Close behind is the TRUMP token, with 3.45 million tokens valued at $49.33 million set for release—accounting for 1.73% of its total supply. This political-themed meme coin continues to draw attention due to its high-profile association and speculative trading volume.
Other major linear unlocks include:
- Worldcoin (WLD): 37.23 million tokens ($40.69 million), 2.84% of supply
- TIA (Celestia): 6.96 million tokens ($19.49 million), 1.13% of supply
- TAO (Bittensor): 50,400 tokens ($17.49 million), 0.59% of supply
- Dogecoin (DOGE): 96.52 million tokens ($17.09 million), just 0.06% of supply
Avalanche (AVAX) will release 700,000 tokens worth $14.80 million**, while **SUI** appears again in this category with a gradual release of **3.35 million tokens ($11.45 million), or 0.12% of its total supply.
Additional projects contributing to the linear unlock total include Polkadot (DOT), Internet Computer (ICP), Morpho (MORPHO), NEAR Protocol (NEAR), and Jito (JTO), each releasing between $7 million and $10 million in value.
Together, these linear releases sum up to approximately $228 million, forming the remaining portion of the week’s massive unlock cycle.
Smaller Projects Also Seeing Token Releases
Beyond the headline-grabbing unlocks, several smaller or emerging projects are also releasing tokens this week:
- Sign (SIGN): Next unlock will release 1.2 billion SIGN tokens (12.00% of locked supply), though current unlock rate remains 0%.
- GoGoPool (GGP): 719,625 GGP tokens (~$2.43 million) to be unlocked, representing 3.20% of locked supply.
- Portal (PORTAL): 13.71 million PORTAL tokens (~$1.26 million) released, or 1.37% of locked supply.
- Castle of Blackwater (COBE): 1.4 million COBE tokens ($18,200) to be released (1.40% of locked).
- Renzo (REZ): Also featured in cliff unlocks, an additional 864.3 million REZ tokens ($12.73 million) will be released, accounting for 8.64% of total locked supply.
These smaller unlocks may not move markets significantly on their own but are important indicators of project maturity and vesting timelines.
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- Solana linear unlock
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- TRUMP token release
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- blockchain tokenomics
- cryptocurrency market trends
Frequently Asked Questions
Q: What is a cliff-style token unlock?
A: A cliff-style unlock refers to a one-time release of locked tokens after a specific time period. Investors or team members often receive their full allocation at once, which can lead to short-term selling pressure if recipients choose to sell immediately.
Q: How do linear token unlocks differ from cliff unlocks?
A: Linear unlocks distribute tokens gradually over time rather than all at once. This method helps reduce market shock and aligns incentives over a longer period, commonly used for team vesting or ecosystem rewards.
Q: Why does Solana’s large unlock represent only 0.09% of its supply?
A: Solana has a large total token supply (~572 million SOL). Even significant numerical releases represent small percentages of the whole, allowing for substantial dollar-value unlocks without drastically increasing circulating supply.
Q: Could these unlocks affect cryptocurrency prices?
A: Yes—especially cliff unlocks like SUI’s $262M release—may introduce downward pressure if recipients sell into the market. However, if demand remains strong or tokens are held by long-term supporters, price impact may be minimal.
Q: Is it bullish or bearish when tokens are unlocked?
A: It depends on context. Unlocks aren’t inherently bearish; they become concerning only if there's evidence of large-scale selling. Transparent vesting schedules and strong fundamentals can mitigate negative perceptions.
Q: How can I track upcoming token unlocks?
A: Platforms like Tokenomist and CoinMarketCap provide detailed unlock calendars showing dates, amounts, percentages, and values across major blockchain projects.
With over $625 million in tokens entering circulation, this week serves as a stress test for market resilience amid scheduled supply increases. While SUI leads in sheer value released, Solana’s structured linear approach reflects mature tokenomics design.
Investors should monitor trading volumes, on-chain activity, and sentiment indicators following these unlocks to assess real-world impact.