Key Takeaways:
More than $723.89 million in previously locked tokens are scheduled to hit the cryptocurrency market between April 20 and April 27, creating a significant test of liquidity for several projects. The week’s schedule includes eleven major cliff events and five linear vesting releases, with Undeads Games (UDS) and LayerZero (ZRO) leading the one-time unlocks by value.
The data, compiled by Tokenomist and shared by WuBlockchain, highlights the difference between sudden cliff releases and more gradual linear emissions. Cliff unlocks, which concentrate new supply into a single event, are led by a $42.17 million release from Undeads Games and a $41.39 million unlock for LayerZero. These events can create immediate sell-side pressure if recipients choose to liquidate their new tokens.
While UDS and ZRO represent the largest unlocks by dollar value, other tokens face more significant supply dilution. The scheduled release for HYPER is set to increase its circulating supply by 97.05%, according to Tokenomist data. Other notable cliff events include unlocks for LMTS and INIT, which will increase their respective supplies by 65.04% and 45.57%.
The primary risk for these assets is whether buy-side demand can absorb the sudden influx of supply, especially for smaller tokens with less liquid markets. In contrast, linear releases for tokens including RAIN and the large-cap Solana (SOL) will drip supply into the market daily. While this avoids a single shock, steady emissions can still create a persistent overhang of selling pressure. The key event to watch is whether buyers materialize to match the newly available supply.
This article is for informational purposes only and does not constitute investment advice.
