Over $389 Million Worth of Tokens Are Set to Be Released Between May 5 and May 12, with LAYER Leading

The crypto market is heating up, and a slew of tokens are set to be released in the upcoming week, May 5-12. Among the major unlocks is LAYER, which will see 27.02 million tokens, valued at $86.73 million, enter circulation. This is the largest cliff-style unlock of the week and is part of LAYER’s overall unlock schedule.

According to Tokenomist’s data, the upcoming unlocks will bring both cliff-style events, new tokens to be mined, and linear unlocks.

In total, over $389 million worth of tokens are set to be released over the next seven days.

What are the biggest token unlocks in May 5-12?

LAYER will lead the way with an 27.02 million tokens to be unlocked, which is 12.87% of the total unlock supply for the token. It is also the biggest by value of all token unlocks during this period.

Following LAYER is ENA, which has 171.88 million tokens, valued at $49.52 million, to be unlocked. This will boost ENA’s circulating supply by 3.10% and is the second-largest in value in this form.

Coming in third is SPEC, which will see 10 million tokens, valued at $21.30 million, unlocked. This is a huge 48.51% of its unlock supply. The high percentage means a lot more tokens will be unlocked, possibly changing the token’s market condition.

Another large unlock is KAS, with 144.64 million tokens, valued at $13.39 million, to be unlocked. However, this is just 0.55% of the total unlock tokens for the token.

Other large unlocks include MOVE with 50 million tokens, valued at $8.45 million (2.00% of unlock supply), and NEON with 53.91 million tokens, valued at $6.10 million (6.93% of unlock supply).

Together, the six cliff-style unlocks will introduce approximately $185.49 million of tokens into circulation. This is nearly half of all the tokens in total value which will be released between May 5 and May 12.

Solana leads linear unlocks

Solana (SOL) continues to lead the linear token unlock category with 465,770 SOL tokens, valued at $67.27 million, scheduled for gradual release. Despite this substantial dollar value, the unlock is only 0.09% of Solana’s circulating supply.

Worldcoin (WLD) follows as the second-largest linear unlock, with 37.23 million tokens, valued at $34.60 million, set to be released. This is 2.84% of WLD’s circulating supply and is a more substantial portion than Solana’s unlock.

TAO ranks third with just 50,400 tokens, valued at $17.38 million, scheduled for unlock.

TIA follows closely with 6.96 million tokens, valued at $16.63 million (1.13% of supply), and Dogecoin (DOGE) will see 96.52 million tokens, valued at $16.53 million (0.06% of supply), unlocked.

Other notable linear unlocks include Avalanche (AVAX) with 700,000 tokens, valued at $13.92 million (0.17% of supply), SUI with 3.35 million tokens, valued at $10.85 million (0.12% of supply), MORPHO with 6.80 million tokens, valued at $9.32 million (2.85% of supply), andPolkdot (DOT) with 2.30 million tokens, valued at $9.09 million (0.15% of supply).

IP rounds out the major linear unlocks with 2.32 million tokens, valued at $8.74 million.

Combined, these linear unlocks account for approximately $203.7 million of the total $389 million in token unlocks scheduled for the week.

Smaller unlocks to anticipate

Apart from the significant token unlocks mentioned above, several smaller projects are also planning to unlock tokens between May 5-12. While these smaller unlocks might not generate a great deal of hype, they could affect their respective token prices.

According to data from Tokenomist, smaller projects like SIPHER (SIPHER), Berachain (BERA), Heroes of Mavia (MAVIA), ZeroLend (ZERO), and Animalia (ANIM) are also preparing for