RAIN leads $692M token unlock wave this week
The concentration puts RAIN at the center of dilution risk, while six smaller events add a broader altcoin supply overhang.
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The concentration puts RAIN at the center of dilution risk, while six smaller events add a broader altcoin supply overhang.
Supply pressure stacks across mid-cap alts, with one $641M cliff-event dwarfing the rest and setting up textbook dilution risk into thin books.
The headline number is RAIN's $666.66M cliff on Monday, but the unlock calendar runs through smaller-tier cliffs that cumulatively exceed $830M and will test bid-side liquidity across mid-cap names.
May's schedule is front-loaded with two outsized cliffs — RAIN's first post-vesting tranche and PYTH's 37%-of-cap annual release — with five smaller monthly unlocks filling out the calendar.
RAIN's first post-cliff unlock and PYTH's 37%-of-market-cap annual event dominate May's calendar, with five other projects adding smaller monthly tranches on top.