The cryptocurrency market is preparing for a token unlock of $389 million (approximately 552.3 billion won) this week. According to Tokenomist's data, Solayer is set to lead a large-scale token release of around $86.7 million.
Based on data released by blockchain analysis platform Tokenomist, Solayer (LAYER), Aesena (ENA), and Specter (SPEC) are planning to supply one-time volumes ranging from $6 million to $86.7 million to the market.
Solayer will unlock 27 million tokens (approximately $86.73 million), which corresponds to about 13% of its total issuance. Aesena plans to release tokens worth around $50 million, exceeding 3% of its total locked-up volume.
Specter is set to introduce 10 million tokens (approximately $21.3 million) to the market, which amounts to 48.51% of its total issuance. These large-scale unlocks are expected to have a significant impact on the market as they may lead to profit-taking by early investors.
Kaspa will release 144.64 million KAS tokens (approximately $13.39 million), which is 0.55% of its locked-up volume. Movement (MOVE), which has recently been controversial due to co-founder Lucie Manche's suspicious market-making contract, also plans to supply tokens worth $8.45 million, which is 2% of its total issuance, to the market this week.
Solana (SOL) and Worldcoin (WLD) will unlock 465,000 and 37.23 million tokens daily, respectively, until May 12th. This amounts to $9.67 million and $5.11 million on a daily basis. Worldcoin has been gaining attention as the project led by Sam Altman has officially launched in six U.S. cities.
The Trump-related meme coin TRUMP also plans to release tokens worth $5.49 million daily over the next seven days. This comes after allegations that the team has moved large amounts of tokens to centralized exchanges.
Doge (DOGE) is also set to have a small-scale token release of 96.5 million tokens (approximately $16 million) throughout this week. Currently, Doge has declined by 0.1% in 24 hours and 4.1% in a week, fluctuating between $0.169 and $0.175.
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