Major Token Unlocks Next Week Could Influence Price Action Across Several Prominent Projects

Next week's crypto calendar has major token unlocks that could influence price action across several prominent projects.

May 13 will see the WhiteBIT (WBT) token unlock, releasing a staggering $1.16 billion in tokens. This contribution amounts to approximately 27.4% of the total market capitalization.

May 13 will see the WhiteBIT (WBT) token unlock, releasing a staggering $1.16 billion in tokens. This contribution amounts to approximately 27.4% of the total market capitalization.

As one of the largest scheduled unlocks across the crypto space in May, it is sure to generate buzz and potentially influence the market.

As one of the largest scheduled unlocks across the crypto space in May, it is sure to generate buzz and potentially influence the market.

The sheer size of the unlock could impact market liquidity and lead to heightened volatility in the token’s price.

The sheer size of the unlock could impact market liquidity and lead to heightened volatility in the token’s price.

Moreover, investors should be wary of profit-taking from early investors or insiders, which might put downward pressure on WBT, especially if market demand fails to absorb the influx of new tokens.

Aptos (APT) will unlock 11.31 million tokens on May 12, valued at approximately $65 million, according to data from TokenUnlocks.

This sum represents 1.83% of the total market cap and is part of the protocol’s monthly token release schedule, allocated to core contributors, investors, and community initiatives.

This sum represents 1.83% of the total market cap and is part of the protocol’s monthly token release schedule, allocated to core contributors, investors, and community initiatives.

Previously, during March’s unlock, we observed a moderate 12% price correction over two weeks, followed by a recovery to reach a new all-time low of $10.4. However, this correction unfolded gradually and varied according to the prevailing market sentiment.

While not as drastic as other unlocks this week, this event may still result in short-term selling pressure.

While not as drastic as other unlocks this week, this event may still result in short-term selling pressure.

Traders should keep a close eye on volume and price behavior around the unlock to identify potential dip-buying opportunities.

On May 15, StarkNet (STRK) is set to unlock 127 million tokens, which translates to roughly 4.37% of the circulating supply, according to data from TokenUnlocks.

This event is part of StarkNet’s initial rollout strategy, aimed at gradually decentralizing token ownership.

This event is part of StarkNet’s initial rollout strategy, aimed at gradually decentralizing token ownership.

The unlock is significant in scale and could cause short-term volatility, especially if recipients decide to sell into the market. However, the long-term impact may be muted if these tokens are vested or intended for ecosystem development.

As a Layer 2 scaling solution on Ethereum with rising developer interest, STRK remains a token to watch. Still, near-term price fluctuations are likely, especially in a low-liquidity environment.

Immutable X(IMX) is due to unlock 24.52 million tokens on May 16, according to TokenUnlocks. This sum makes up 1.35% of the circulating supply.

While this is a relatively modest percentage, it could still influence the token’s price in the short term if recipients opt to sell.

The unlocked tokens are expected to be allocated to ecosystem incentives or team members, according to the report, adding to the circulating supply.

IMX has shown resilience during similar events, but broader market conditions will play a key role. Traders should watch for volume spikes or shifts in sentiment, particularly if other altcoins face pressure.

Arbitrum will release 92.65 million ARB tokens, worth around $35.13 million, on May 16, according to the report. This constitutes 1.95% of the market cap.

This follows April’s much larger unlock of 1.2 billion tokens, which occurred at a lower average price.

This follows April’s much larger unlock of 1.2 billion tokens, which occurred at a lower average price.

Though this release is smaller, it’s still notable and could affect price direction if many tokens are sold. The unlock is part of Arbitrum’s linear vesting schedule for team and investor allocations.

With renewed interest in Ethereum Layer 2 solutions and DeFi activity, ARB may retain buying support, but the unlock could create short-term pressure.

With renewed interest in Ethereum Layer 2 solutions and DeFi activity, ARB may retain buying support, but the unlock could create short-term pressure.

A cautious approach with technical analysis is advised leading up to and immediately after the release.