Traders, Be Careful! Large Token Unlocks Coming for TAO, DOGE, SUI, and Other Cryptos

Major token unlocks are set to occur between April 21 and April 28, with a combined value exceeding $235 million, crypto expert Wu Blockchain has reported.

These events will see the release of tokens from projects such as TAO, DOGE, SOL, WLD, TRUMP, and SUI, among others.

The data is compiled by Tokenomist, which breaks down the tokens experiencing a cliff unlock—where tokens are released in a single batch—and those with a linear unlock, indicating a gradual distribution over time.

Large Token Cliff Unlocks (4/21–4/28): Tokens that will experience a sudden or cliff unlock, with a large portion being released at once.

Two tokens are set for cliff unlocks this week: VENOM and ALT.

VENOM will see the release of 59.26 million tokens, valued at $8.25 million, which equals 2.86% of its unlock supply.

Meanwhile, ALT is scheduled to unlock 240.10 million tokens, worth $7.09 million, representing 7.92% of its supply.

These cliff unlocks tend to introduce a sharp increase in token supply. Depending on market demand and liquidity, these events may cause short-term shifts in price and trading volume.

Large Token Linear Unlocks (4/21–4/28): Tokens that will experience a gradual release over time (linear unlock).

A wider set of projects will see linear unlocks exceeding $1 million in value over the next seven days.

SOL will unlock 465.77K tokens worth $66.03 million, though this represents only 0.09% of its circulating supply.

WLD will see the release of 37.23 million tokens, valued at $29.47 million (2.92% of supply).

TRUMP will have a release of 3.45 million tokens, worth $28.76 million (1.73%).

TIA, DOGE, and TAO will unlock tokens valued between $15 million to $18 million, with TAO’s share representing 0.59% of the circulating supply.

SUI, DOT, IP, and JTO will also distribute token amounts valued between $7 million and $9 million, ranging in supply impact from 0.12% to 1.06%.

These linear unlocks incrementally add liquidity over the week, offering a more controlled release compared to cliff unlocks.

According to Tokenomist, several major token unlocks (over $5 million per event) are scheduled in the next 7 days, including VENOM and ALT. Additionally, significant linear daily unlocks (over $1 million per day) will occur for tokens such as SOL, WLD, TRUMP, TIA, DOGE, TAO,…pic.twitter.com/ATCCFqsIeg

— Wu Blockchain (@WuBlockchain) April 20, 2024

Market Impact and Watchlist for Traders

Token unlocks play a key role in influencing market liquidity. While cliff unlocks create a sudden shift, linear unlocks can gradually impact price stability. Traders monitoring projects like TAO, DOGE, and SUI should take note of these supply inflows.

Wu Blockchain’s report, sourced from Tokenomist, draws attention to a combined value of over $235 million entering the market through these unlocks. The scale of these releases signals a potentially active trading week, particularly for assets with higher unlock percentages.

As the events unfold, traders are expected to track supply movements and adjust strategies based on market response.