Seven token unlocks worth roughly $120M in aggregate are scheduled this week, but the calendar is dominated by a single name: Spark (SPK), whose $51.45M unlock is more than 70% larger than the next entry on the list.
The SPK unlock is the project's first post-cliff event, covering Team, Ecosystem, and Sky Farming allocations. The tranche releases 25.3% of total supply into circulation, equivalent to 139.7% of SPK's current market cap — meaning new tokens entering float this week exceed every token currently trading by a wide margin.
Why it matters
Token unlocks of this size relative to circulating float are rare. Most vesting schedules release single-digit percentages against an existing market cap measured in the hundreds of millions or billions; SPK's release ratio inverts that, with supply growth materially outpacing existing market value. For early investors and team wallets, the unlock creates the first liquid exit window after the cliff.
Market impact
The remaining six unlocks are conventional by comparison. LayerZero (ZRO) releases $27.11M, followed by STBL ($11.19M), KAITO ($8.55M), ARB ($8.02M), VANA ($7.19M), and GWEI ($6.70M). None approach SPK's float-to-cap ratio. ARB is the most established name on the list, but its $8M tranche is routine against Arbitrum's market cap.
Watch for SPK price action on the unlock timestamp — supply shocks of this size historically pressure price, with the magnitude depending on whether recipients sell, stake, or hold into a broader market bid.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAI6BmovyYnW2ifYyzDL8gkdZoAh9RnnAAIrHWsbnRKASXAWW4bL9QStAQADAgADeQADPAQ)
Frequently asked questions
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How much is SPK unlocking this week?
SPK unlocks $51.45M worth of tokens this week, making it the largest scheduled unlock by value. The tranche covers Team, Ecosystem, and Sky Farming allocations and is the project's first post-cliff event.
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What percentage of SPK supply is being unlocked?
The SPK unlock releases 25.3% of total supply into circulation. That tranche is equivalent to 139.7% of SPK's current market capitalization — meaning new tokens entering float exceed the token's existing market cap.
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Which other tokens are unlocking this week?
Beyond SPK, the week's unlock calendar includes ZRO ($27.11M), STBL ($11.19M), KAITO ($8.55M), ARB ($8.02M), VANA ($7.19M), and GWEI ($6.70M). The combined unlock value across all seven is roughly $120M.
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Why is the SPK unlock unusual compared to others?
Most vesting schedules release single-digit percentages against an existing market cap measured in the hundreds of millions. SPK's release ratio inverts that pattern — supply growth this week materially outpaces existing market value.
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What typically happens to price after a large token unlock?
Unlocks of this size relative to circulating float historically pressure price. The magnitude depends on whether recipients sell immediately, stake, or hold into a broader market bid.
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