WLD unlocks cut 43%, yet 4.9B tokens still loom
The supply cut buys time, not relief: nearly 5 billion WLD remain unlocked over the coming years, and a German regulator just ordered biometric data wiped within a month.
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The supply cut buys time, not relief: nearly 5 billion WLD remain unlocked over the coming years, and a German regulator just ordered biometric data wiped within a month.
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 schedule spans everything from a $757M single-line cliff to routine mid-cap emissions, with $JTO and $APT the only large-cap names in the mix.
The figure spans one-time cliffs across HYPE, PUMP, H, ZRO, CONX, ENA, and KAITO plus monthly linear unlocks on SOL, WLD, TRUMP, TAO, and a dozen others, a broad-based supply event with no single…
The week's cliff already prices in, but the $55M BEAT release is wide enough relative to the token's float that traders will be watching the unlock-to-circulating ratio more than the headline number.
H leads the schedule at $46.3M, with six mid-cap names from AI, infra, and infra-tooling sectors following. The cliff events for NEWT and SAHARA are the first to hit public floats.
Seven token unlocks worth roughly $120M in aggregate are scheduled this week, but the calendar is dominated by a single…
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.
A hot May CPI print Wednesday could lock in restrictive Fed pricing and extend spot ETF outflows just as $730M in token unlocks hits a market already down nine months from its highs.
A packed cliff calendar led by HYPE, H, SUI and APT meets heavy linear unlocks on SOL, WLD and TRUMP — supply pressure meets an already cautious tape.
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.
Six large-cap tokens have already walked through their full investor unlocks — Optimism is the next notable name to cross the line, with its final investor tranche due May 31, 2026.
Optimism's final core contributor and investor vesting tranche is the headline at $4.18M, but GUA and H together account for more than two-thirds of the week's unlocked supply.
PYTH's annual cliff alone unlocks 37% of float, while ESPORTS continues monthly emissions worth 29% of its market cap — supply overhang concentrated in two names.
SUI, AVAX, NEAR, INJ, TIA, IMX and AXS have moved past the supply overhang that typically pressures early-stage tokens, while APT and JTO approach their final unlocks later this year.
Supply overhangs of $20M+ concentrate in TON, PIEVERSE, and PUMP — APT and ARB sit at the smaller end of the same weekly cycle.
The seven-day calendar is front-loaded with HYPE, ENA, SXT, RED and OPN one-off cliffs, plus daily linear unlocks across RAIN, SOL and CC that together exceed $229 million in new supply.
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.
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.
The headline number clusters a half-dozen meaningful emissions around a single window — and a few of them, like SOL, run daily, not as one-off cliffs.