A cluster of major token unlocks is set to hit markets this week, with LayerZero leading the pack at $41.8 million scheduled for April 20. Humanity Protocol follows at $11.1 million, Hyperlane at $10.1 million, Plasma at $9.5 million, Initia at $8.2 million, Kaito at $7.8 million, and YZY at $6.1 million.
The headline risk sits with Humanity Protocol and Initia, both facing unlock sizes equivalent to 44-46% of their current market caps — a level of dilution that historically creates sustained sell pressure as early investors and team allocations enter circulation.
LayerZero's $41.8 million unlock is the largest in dollar terms but its relative impact depends on float size; the smaller-cap projects with near-equivalent dilution ratios carry the sharper near-term risk for holders.