According to data from Token Unlocks on Friday, the crypto market will face a significant increase in supply next week, with major projects such as Eigenlayer (EIGEN), Arbitrum (ARB), Axie Infinity (AXS), and Starknet (STRK) expected to release a total of $214 million worth of tokens into circulation. Token unlock events are the time when projects release tokens that were previously locked for investors, community members, or advisors, after the lock-up period ends. This increase in supply can often cause concern for investors, as it typically creates selling pressure, which can negatively impact the prices of the tokens. The projects preparing to unlock in the coming week include EigenLayer (EIGEN), Arbitrum (ARB), Axie Infinity (AXS), Starknet (STRK), Taiko (TAIKO), ApeCoin (APE), Echelon Prime (PRIME), Render (RENDER), Cardano (ADA), and Ethena (ENA). Among these, Arbitrum (ARB), EigenLayer (EIGEN), and Axie Infinity (AXS) will lead the pack with the largest unlock volumes, releasing $48 million, $41 million, and $41 million worth of tokens into the market, respectively. ARB and AXS have already recorded over 3% gains at the time of writing. Arbitrum is expected to release 2.56% of its current supply for the team and investors, while AXS will add around 9.25 million tokens, representing approximately 6% of the total supply, into circulation. EigenLayer (EIGEN) has seen a significant increase in the past 24 hours as the community anticipates the upcoming supply increase. The price surge has pushed EIGEN's weekly gains to 11%, despite the controversies surrounding the project. Previously, EigenLayer was criticized after a hack that resulted in the loss of $5.5 million worth of tokens. This incident has raised doubts within the community, with some suggesting the possibility of internal involvement. Meanwhile, Starknet (STRK) will add $25 million worth of tokens to the market, allocated for the team and private investors. STRK has gained nearly 9% in the past 24 hours, pushing its weekly profits to 4%. In addition to the major players, projects like TAIKO and APE will also release $18 million and $10 million worth of tokens, respectively, next week. Smaller unlocks from ENA, PRIME, ADA, and PIXEL will add $3.8 million, $5.8 million, $6.3 million, and $6.8 million to the market. These unlock events are expected to have a significant impact on investor sentiment and the short-term dynamics of the crypto market. Join Telegram: https://t.me/tapchibitcoinvn Follow Twitter (X): https://twitter.com/tapchibtc_io Follow Tiktok: https://www.tiktok.com/@tapchibitcoin Vuong Tien According to Fxstreet