Massive Token Unlock Week Looms as Bitcoin Hovers Near Record High

Dozens of projects will release previously locked tokens into circulation over the next several days, potentially introducing short-term selling pressure across the market. From small-cap newcomers to multibillion-dollar protocols, the cumulative impact could ripple throughout trading activity in the week ahead.

High-Impact Unlocks Ahead

Among the most closely watched events is the nearly $1 billion release from WhiteBIT Coin (WBT) — amounting to over 21% of its market cap. Scheduled for May 13, this massive unlock dwarfs others in scale and could spark major price movement.

Other notable unlocks include:

Aptos (APT): Unlocking $66.6 million, or 1.82% of its valuation, early on May 12 Arbitrum (ARB): Releasing $42.6 million on May 16, a 1.97% share Immutable (IMX): Unlocking $19.8 million on May 16 StarkNet (STRK): Freeing up $23.2 million, over 4% of its cap, on May 15 Cyber (CYBER): A significant 10.3% of supply unlocks on May 15 Game7 (G7): One of the most aggressive unlocks, releasing over 17% of its supply on May 12 Oxygen (OXY): The outlier of the week, with an unlock that exceeds its market cap by over 360%, scheduled for May 17

Projects like ether.fi, DIMO, BounceBit, GoPlus, Ancient8, and Convex Finance will also undergo unlocks ranging from $1 million to $8 million, contributing to the steady wave of circulating supply increases across the ecosystem.

Investor Caution as Unlock Pressure Builds

Token unlocks are routine in crypto, typically tied to vesting schedules for early investors, teams, or community incentives. However, when they represent a large percentage of a project’s total market value, they can trigger volatility or downward pressure as recipients choose to sell into strength.

This week’s batch comes at a sensitive moment. While Bitcoin remains strong and investor sentiment is broadly bullish, the sudden influx of liquidity from unlocks could test support levels — particularly among smaller-cap tokens with lower trading volumes.

While not all unlocks result in immediate price swings, traders and analysts will be watching closely for signs of profit-taking, especially in projects with unlocks above 5–10% of total supply.

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