According to data from RootData, 28 cryptocurrencies will undergo one-time token unlocks between March 31 and April 6, 2025. Five major assets—Optimism (OP), Solana (SOL), W (Wormhole), CHELL, and Ethena (ENA)—will release over $20 million worth of tokens collectively.
Key Token Unlocks Breakdown
1. Optimism (OP)
- Unlock Date: March 31
- Amount: 32,212,200 OP (~$27.77M)
- Circulating Supply Impact: 0.75%
2. Solana (SOL)
- Unlock Date: April 1
- Amount: 2,724,800 SOL (~$363M)
- Circulating Supply Impact: 0.54%
- Recent Performance: +4.23% (7-day change)
3. Wormhole (W)
- Unlock Date: April 3
- Amount: 1.367B W (~$130M)
- Circulating Supply Impact: 13.68%
4. CHELL
- Unlock Date: April 3
- Amount: 2,671,500 CHELL (~$21.53M)
- Circulating Supply Impact: 0.27%
5. Ethena (ENA)
- Unlock Date: April 5
- Amount: 134M ENA (~$54.49M)
- Circulating Supply Impact: 0.9%
Market Implications
Token unlocks can significantly influence market dynamics. Large releases may:
- Increase selling pressure if holders liquidate positions
- Improve liquidity for trading pairs
- Alter staking/yield mechanisms for proof-of-stake networks
👉 Track real-time token unlock schedules for strategic trading opportunities.
FAQs
Q: Why do token unlocks affect prices?
A: Unlocks expand circulating supply. If demand doesn't match the new supply, downward price pressure may occur.
Q: How can investors prepare for unlocks?
A: Monitor:
- Historical price action around past unlocks
- Project fundamentals and development activity
- Market sentiment via social metrics
Q: Which unlock has the highest % impact?
A: Wormhole (W) at 13.68% of circulating supply—potentially the most market-moving event.
Q: Are all unlocks negative for price?
A: Not necessarily. Well-funded projects may use tokens for ecosystem growth (e.g., grants, partnerships), creating long-term value.
Strategic Considerations
While SOL's $363M unlock dominates in absolute value, its small circulating supply impact (0.54%) suggests muted effects versus W's 13.68% release. Traders should:
- Assess vesting schedules: Are unlocks gradual or cliff-based?
- Review project roadmaps: Are tokens allocated for productive use?
- Monitor order books: Check for increased bid/ask spreads pre-unlock.
👉 Discover trading strategies for token unlock events with institutional-grade analytics.
Note: This analysis excludes tokens with unlocks under $20M. Always conduct independent research before making investment decisions.