coinpedia.org
This week, between April 21–28, tokens worth over $235 million are scheduled to be unlocked across several major crypto projects. Traders and investors are keeping a close eye on these events for any potential price swings in the market.
Key Projects to Watch: $UDS, $ALT, VENOM, XMW, and HOOK
The key projects in focus include Undeads Games ($UDS), AltLayer ($ALT), Venom (VENOM), Morphware (XMW), and Hooked Protocol (HOOK).
VENOM and $ALT lead the cliff unlocks, with VENOM releasing 59.26 million tokens valued at $8.25 million, while $ALT is unlocking 240.10 million tokens worth $7.09 million. Solana (SOL) leads the linear unlocks, with 465,770 tokens hitting the market, valued at $66.03 million.
Undeads Game ($UDS) is unlocking nearly $11.5 million worth of tokens, which represents over 20% of its circulating supply—a significant chunk entering the market. The token is currently down 1.18%, showing bearish momentum and indicating potential selling pressure.
AltLayer ($ALT): A Bullish Exception
Not all tokens are following a bearish trend. AltLayer ($ALT) is actually showing bullish signs despite the large unlock. The token has surged by 5.71% to $0.02656, defying the usual unlock-related dip and indicating strong market interest.
Morphware (XMW) is unlocking about $676,000 worth of tokens, which is 1.58% of its supply. The token has jumped over 5% in a strong rally, signaling positive sentiment. Meanwhile, Hooked Protocol (HOOK) is set to unlock $465,000 worth of tokens and has posted the strongest daily gains so far, rising 7.59%.
Other tokens like Worldcoin and TRUMP will also unlock significant amounts. These events could affect token prices and market supply. These unlocks can impact the market price of a token because they increase the number of tokens available to be sold or traded.
A Look Back: Last Week’s Major Unlocks Surpassed $463 Million
In the last week major tokens were unlocked over $463 million. Arbitrum (ARB) unlocked $94.87M, Starknet (STRK) $91.52M, and Axie Infinity (AXS) $76.74M. Other unlocks included Immutable (IMX), Manta Network (MANTA), ApeCoin (APE), Render (RNDR), dYdX (DYDX), and Nym (NYM).