PUMP leads $183M token unlock wave this week
PUMP's $138.85M cliff alone is more than the other six unlocks combined, concentrating this week's supply pressure on a single freshly launched token trading well below its post-TGE peak.
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PUMP's $138.85M cliff alone is more than the other six unlocks combined, concentrating this week's supply pressure on a single freshly launched token trading well below its post-TGE peak.
Pump.fun's PUMP alone accounts for roughly 75% of the week's $183.9M unlock slate, with $124M of that coming from team and investor tokens that have been locked since launch.
With every vested token already in circulation, the six large-caps listed shed a recurring source of supply overhang and remove a forward-looking overhang that has historically capped their upside.
The program converts a portion of Strategy's $BTC stack into working capital, putting the issuer that turned a balance sheet into a benchmark back in the supply market for the first time.
ZRO, ES, EIGEN, ID, and XION all show VC dominance above 26% — a supply-pressure pattern that has historically preceded token drawdowns when the broader market lacks a bid.
Seven projects see supply events this month, but the number that actually moves tape is RAIN's $713.6M cliff — roughly the size of SPK's entire free float, set loose in a single unlock.
The aggregate is meaningful, but the real risk sits in Undeads, PlaysOut and KITE AI, where 19-21% of market cap is set to hit the market in a single cliff.