Key Takeaways
- Combined cliff and linear unlocks from May 5–12 will inject over $389 million in token supply into the market.
- LAYER will unlock about 12.9% of its supply, while SPEC will release nearly half of its supply.
- SUI’s breakout rally could push the price to $4.11, driven by bullish momentum and ETF filing news.
A wave of fresh token supply is about to hit the crypto markets as more than $389 million in unlocks are in line this week.
While some assets are unlocking modest supply portions, others unleash massive cliffs that could reshape short-term price dynamics.
LAYER and SPEC To Unlock Large Supply
Several projects are scheduled for significant cliff unlocks between May 5 and 12, sudden, one-time token releases that can add considerable supply pressure.
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Among the most notable is LAYER, unlocking 27.0 million tokens worth $86.7 million, representing 12.9% of its supply. ENA follows with 171.9 million tokens valued at $49.5 million, accounting for 3.1% of its unlockable supply.
SPEC stands out for unlocking 10 million tokens worth $21.30 million—nearly half of its supply. KAS will release 144.6 million tokens valued at $13.4 million, though this only represents 0.6% of its supply.
MOVE and NEON will also unlock $8.45 million and $6.10 million worth of tokens, respectively. These cliff unlocks, especially those with high percentages of total supply, could increase sell pressure if recipients decide to offload them.
Alva analysts commented , “Unlock-driven volatility is about to kick off, especially for SPEC, ENA, NEON, and MOVE—expect sharp moves as new supply hits.”
“Sentiment leans bearish short term, with SPEC and NEON facing heavy FUD, while KAS is oversold but still risky ahead of its unlock. Volume is thinning as traders front-run unlock events—be ready for whipsaw action if panic selling accelerates.”
SOL Tops Linear Unlocks This Week
In addition to cliff unlocks, ongoing linear unlocks will contribute significantly to the circulating token supply during the same period. Solana (SOL) leads with a $67.3 million unlock, representing just 0.1% of its circulating supply.
Worldcoin (WLD) will unlock $34.6 million worth, equating to 2.8% of its supply, while TIA will release $16.6 million, or 1.1%. Dogecoin (DOGE), TAO, and Avalanche (AVAX) will also see sizeable linear releases, though most remain under 1% of the circulating supply.
SUI, DOT, IP, and MORPHO round out the list, with MORPHO’s unlock accounting for 2.9% of its supply despite its relatively modest value of $9.3 million.
While linear unlocks are generally absorbed more gradually, this week’s total of over $389 million in new token supply could weigh on market sentiment, particularly for projects with higher percentage releases.
SUI Records Biggest Price Gain
SUI will unlock 3.4 million tokens this week, worth around $10.9 million, representing 0.1% of its total supply.
However, SUI crashed by 75% after its all-time high but reversed sharply on early April 7, breaking from a corrective trend line.
Since then, it has surged 112%, thanks to institutional access news and the SUI Base Camp in Dubai, and is now approaching key resistance near $4.
The breakout began after SUI reclaimed the $2.06 area and broke its descending trend line. It also retested $3.25, further confirming bullish momentum. Indicators like RSI and MACD show bullish divergence with no signs of reversal.
SUI may extend its rally, potentially peaking between $4 and $4.11. However, a bearish divergence is forming, suggesting a correction may follow.
The news of Canary Capital filing for an SUI-based exchange-traded fund may be a catalyst for the SUI price.
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