VENOM & ALT lead token unlocks; UDS sees 20% of supply released. Market watches for potential price swings.

Despite major unlocks, ALT and XMW defy trends with bullish moves. HOOK posts 7.59% daily gain, leading the rally.

This week, between April 21–28, tokens worth over $235 million are scheduled to be unlocked across several major crypto projects. Traders and investors are keeping a close eye on these events for any potential price swings in the market.

Key projects in focus include Undeads Games (UDS), AltLayer (ALT), Venom (VENOM), Morphware (XMW), and Hooked Protocol (HOOK).

Among the upcoming unlocks, VENOM and ALT lead the cliff unlocks. VENOM is set to release 59.26 million tokens, valued at $8.25 million, while ALT will be unlocking 240.10 million tokens worth $7.09 million.

On the other hand, Solana (SOL) leads the linear unlocks, with 465,770 tokens hitting the market, valued at $66.03 million.

Undeads Game (UDS) is unlocking nearly $11.5 million worth of tokens, which represents over 20% of its circulating supply. The token is currently down 1.18%, showing bearish momentum and indicating potential selling pressure.

Among the tokens showing bullish signs despite the large unlock is AltLayer (ALT). The token has surged by 5.71% to $0.02656, defying the usual unlock-related dip and showing strong market interest.

The upcoming unlocks could impact token prices and market supply. These unlocks can impact the market price of a token because they increase the number of tokens available to be sold or traded.

Last Week’s Major Unlocks Surpassed $463 Million

In the last week major tokens were unlocked over $463 million. Arbitrum (ARB) unlocked $94.87M, Starknet (STRK) $91.52M, and Axie Infinity (AXS) $76.74M. Other unlocks included Immutable (IMX), Manta Network (MANTA), ApeCoin (APE), Render (RNDR), dYdX (DYDX), and Nym (NYM).