Aptos and Starknet are at the forefront of this week’s primary token unlocks, with a combined value of over $69 million.
Data from Tokenomist shows that several major cryptocurrency projects will release a total of $341 million worth of tokens, potentially adding pressure to the broader market.
Aptos and Starknet drive large cliff unlocks
Aptos takes the lead among cliff unlocks with 11.31 million APT tokens entering circulation this week, valued at $53.38 million. This event represents 2.35 percent of the project’s circulating supply and is the largest cliff unlock in dollar terms. Starknet follows with 127 million STRK tokens worth $16.54 million. Although it involves a higher token count, the overall impact is less than that of Aptos due to the lower price per token. This STRK unlock accounts for 7.29 percent of its circulating supply.
At the same time, Immutable X added to the week’s gains by releasing 24.52 million IMX tokens valued at $12.68 million, which is 1.32 percent of the pool. SEI is another important release, with 55.56 million tokens, each valued at $10.46 million, and MOVE, with a total supply of 50 million tokens that hold a value of $7.23 million. The volatility comes from how all the tokens are released at the same time by Cliff unlocks.
Solana leads in linear token releases
Solana is leading the weekly linear unlocks, with 465.77 thousand SOL tokens released daily, totaling $70.83 million. Despite the high value, this makes up only 0.09 percent of the token’s circulating supply. Worldcoin follows with 37.23 million WLD tokens worth $40.95 million, which is 2.69 percent of its supply. Tao, Dogecoin, and other projects also contribute to weekly releases ranging between $10 million and $20 million.
Other examples of linear releases are TIA at $13.99 million, AVAX at $14.62 million, and SUI at $10.81 million. ETHFI, MORPHO, and DOT make up for about $9 million added to the weekly volume of cross-chain solutions. Unlocked shares are sold each day, as opposed to all at once, so prices tend to go down slowly.
Smaller unlocks still influence individual projects
Some blockchain projects that are smaller than the main ones are issuing tokens that can play a big role in their own ecosystems. The WGT unlocking happening on Web3Games.com totals 18.74 million and is valued at $5.06 million. More projects, namely BloodLoop, HistoryDAO, and Stella, are preparing for release soon, with prices starting at $82,000 and going as high as $321,000. Even though these data points are less than in bigger markets, they can still cause big swings in smaller markets.