The post $389M of Token Unlocks to Hit the Crypto Markets in a week appeared on BitcoinEthereumNews.com.

The crypto market is preparing for major token unlocks totalling more than $389 million in value over the next seven days. Such large supply surges are likely to stir up the already volatile crypto markets even further. The largest cliff unlocks one-time events with over $5 million in release, including SPEC, ENA, MOVE, LAYER, KAS, and NEON, as per tokenomics data providers. Several linear unlocks are scheduled, which will release over $1 million daily for tokens like SOL, WLD, DOGE, AVAX, and SUI, among others. Top Tokens to Watch: SPEC, ENA, MOVE If you are confused about what tokens to follow, here’s a quick list of the top projects to watch out for during this chaotic token unlock: ENA (Ethena) tops the list of token unlocks to watch this week. The project is set to release 171.88 million tokens worth $49.52 million, accounting for 3.1% of its total supply. As a relatively new DeFi project that has attracted a lot of attention lately, ENA could see sharp price moves following this unlock. SPEC (Spectrum) is the next token in the list to review with the largest relative unlock at 48.5% of its total supply. With nearly half the tokens entering circulation, SPEC is likely to face heightened volatility and possible sell pressure. And lastly, MOVE, which is the native token of MoveZ fitness and lifestyle project, and is going to unlock 50 million tokens worth $8.45 million. Such a sudden spike in circulating supply could affect liquidity and short-term price action. Sui is another project traders are eyeing closely this week. Analysts expect heavy selling pressure with over 88 million SUI tokens worth $296 million set to unlock. Price models suggest a possible 20% drop if the bearish scenario plays out. Timing and Sentiment of the Market Sentiment heading into the…

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Filed under: News - @ May 6, 2025 5:28 pm