A wave of token unlocks, valued over $730 million, is set to impact the market this week, with Cheelee leading cliff-based unlocks and Worldcoin dominating the linear release schedule.
A major wave of token unlocks, valued at over $730 million, is set to hit the crypto market this week, with Cheelee (CHEEL) leading the cliff-based unlocks and Worldcoin WLD $0.53 24h volatility: 8.0% Market cap: $1.32 B Vol. 24h: $130.65 M dominating the linear schedule.
Cheelee tops the cliff unlocks with a planned release of 20.81 million CHEEL, valued at $196 million. This accounts for 36.63% of Cheelee’s circulating supply. Aptos (APT) follows closely, unlocking $150 million worth of tokens, representing a modest 2.11% of its supply.
Notably, cliff-based unlocks are a type of token unlock schedule where a large number of tokens are released simultaneously, typically after a predetermined period of time. This period is referred to as the “cliff”.
Apart from Cheelee and Aptos, notable cliff-based releases include Cardano ADA $0.39 24h volatility: 3.9% Market cap: $14.20 B Vol. 24h: $686.48 M , with 37.06 million tokens worth $43.36 million, representing just 0.10% of its supply, and SEI, which plans to release $55.80 million in tokens. Smaller but impactful unlocks include BGB BGB $3.54 24h volatility: 0.8% Market cap: $2.48 B Vol. 24h: $81.76 M (worth around $14.46 million) and AXS AXS $0.92 24h volatility: 6.3% Market cap: $154.88 M Vol. 24h: $18.75 M (worth around $7.54 million), each contributing to the diverse landscape of token activity.
Worldcoin Leads Linear Token Unlock
On the linear unlock front, Worldcoin (WLD) emerges as a key player, with plans to release 37.23 million tokens valued at $136.25 million, making up 5.04% of its circulating supply. This positions WLD ahead of Solana SOL $128.6 24h volatility: 3.2% Market cap: $72.29 B Vol. 24h: $5.95 B , which has consistently led linear unlocks but now plans a comparatively smaller release of $121.36 million, impacting just 0.11% of its supply.
The trend extends to altcoins like TIA TIA $0.51 24h volatility: 7.5% Market cap: $437.02 M Vol. 24h: $77.34 M (worth around $56.95 million) and DOGE DOGE $0.13 24h volatility: 4.0% Market cap: $20.00 B Vol. 24h: $1.39 B (worth around $44.01 million), which continue to dominate mid-tier linear unlock schedules. Avalanche AVAX $12.26 24h volatility: 7.1% Market cap: $5.28 B Vol. 24h: $426.74 M and NEAR NEAR $1.53 24h volatility: 5.5% Market cap: $1.97 B Vol. 24h: $231.32 M are also noteworthy, with releases valued at $36.59 million and $23.16 million, respectively.
Notably, linear unlock refers to a mechanism where cryptocurrencies are released gradually over a specified period, typically in a linear fashion.
Smaller Projects Make Their Mark
Emerging projects also feature prominently in this unlock cycle. Sipher (SIPHER) leads with 15.6 million tokens, valued at $2.07 million, representing 1.56% of its locked supply. ChainGPT CGPT $0.0317 24h volatility: 4.0% Market cap: $27.48 M Vol. 24h: $10.68 M and Ordify (ORFY) are also unlocking significant portions of their supplies.
PlayDapp (PDA), with 85.97% unlock progress, prepares to release 8.14 million tokens valued at $505,986, while LayerAI (LAI) rounds out smaller unlocks with 55.91 million tokens worth $1.09 million.
The coming week’s token unlock activity will likely bring both opportunities and challenges, as markets digest these substantial movements in supply.
next