Five tokens hit their first investor cliff unlock — watch $SXT and $HUMA for supply pressure.

A cluster of tokens is approaching their first investor unlock after cliff, meaning early backers and VCs will soon begin receiving allocations. The largest unlocks relative to market cap are $SXT at 194.3M tokens (12% of mcap) and $HUMA at 158.46M tokens (9.12%) — both sizeable enough to move order books if recipients choose to sell.

The remaining three are $SIGN at 83.34M (4.29%), $PLAY at 17.50M (4.73%), and $LA at 7.42M (3.81%). Historically, the window leading into a first cliff unlock can cut both ways: some tokens see anticipatory selling as traders front-run expected supply, while others attract buyers betting that early investors hold or that the unlock signals a project milestone.

The key variable is how much of each allocation is held by short-horizon VCs versus strategic or long-term backers. Until that breakdown is clearer, the unlock dates represent a defined risk event…