Key Takeaways
- Taiko will unlock 71% of its total supply, likely triggering significant volatility.
- ENA and NEON are also set for large releases, with 212 million and 53 million tokens, respectively.
- Solana, Worldcoin, and Dogecoin will undergo linear unlocks, though the smaller percentages suggest muted market impact.
The first full week of June brings a heavy round of token unlocks, with several projects set to release significant portions of their supply into the market.
While linear unlocks from big names like Solana (SOL) and Dogecoin (DOGE) should have minimal impact, cliff unlocks, especially from Taiko and ENA, could rattle prices.
Heavy Token Unlock Schedule Brings the Pressure
Taiko tops this week’s unlock schedule with 81.6 million tokens, 71% of its total supply, set to hit the market, worth around $47 million.
Following closely is ENA, which will unlock 212.5 million tokens, about 3.7% of its supply. Although small, the $65.9 million release still makes it one of the week’s biggest drops.
NEON is also worth watching, with 53 million tokens unlocking, worth around $6.9 million or 6.5% of its supply.
Linear Unlocks Continue, But Most Are Low Impact
On the linear unlock side, Solana stands out in total value, $73.7 million worth of SOL to be unlocked, but that’s just 0.1% of its circulating supply, so it’s unlikely to move the needle.
World (formerly Worldcoin), however, is releasing 37.2 million WLD (about $42.8 million), 2.7% of its supply, a more significant share that could weigh on sentiment.
Dogecoin’s 96 million token unlock (~$18.5 million) is also minimal in relative terms.
Other notable linear unlocks include AVAX, TIA, TAO, and SUI, ranging from $11 million to $20 million.
Nothing individually alarming, but enough to contribute to a risk-off tone if markets stay skittish.
Mid- and Small-Caps Face Real Unlock Pressure
Where things get more sensitive is with mid- and small-cap names.
- ETHFI is releasing 8.5 million tokens, worth $9.7 million—that’s 3.5% of its supply.
- Morpho follows with 6.9 million tokens (~$9.5 million, or 2.6% of supply).
- JTO will unlock 4.2 million tokens (~$7.2 million), 1.3% of the supply.
Even unlocks under 1%—like NEAR, IP, and DOT—can stack up, especially during low-liquidity stretches.
Cliff unlocks almost always spike volatility, but when they pile up like this, especially across smaller caps, the ripple effects can be felt across the board.
Giuseppe Ciccomascolo began his career as an investigative journalist in Italy, where he contributed to both local and national newspapers, focusing on various financial sectors.
Upon relocating to London, he worked as an analyst for Fitch's CapitalStructure and later as a Senior Reporter for Alliance News. In 2017, Giuseppe transitioned to covering cryptocurrency-related news, producing documentaries and articles on Bitcoin and other emerging digital currencies. He also played a pivotal role in establishing the academy for a cryptocurrency exchange website. Crypto remained his primary area of interest throughout his tenure as a writer for ThirdFloor.
