Altcoins Face $484 Million Unlocks Next Week, Prices May Drop

Major altcoins, including Solana (SOL), Dogecoin (DOGE), SUI, and others, are scheduled for significant token unlocks within the next week. Analysts have raised concerns that these unlocks could increase selling pressure, potentially leading to a decline in crypto prices. Currently, the altcoin market is showing signs of recovery after experiencing price volatility in recent days.

WuBlockchain highlighted the upcoming weekly token unlocks for various altcoins, totaling $484 million worth of tokens to be released between June 30 and July 7, 2025. The Sui blockchain leads with a one-time unlock of 44 million SUI tokens, valued at $125.39 million. Following Sui, Ethena (ENA) and Optimism (OP) are set to unlock tokens worth $58.12 million and $18.64 million, respectively.

For daily linear unlocks, Solana tops the list with 465,770 SOL tokens, representing 0.09% of its circulating supply and valued at approximately $70.79 million. Worldcoin (WLD) and the OFFICIAL TRUMP memecoin follow with unlocks worth $34.43 million and $31.52 million, respectively. Dogecoin is fifth on the list, planning to release 95.49 million DOGE coins. Other altcoins, such as Avalanche (AVAX), Polkadot (DOT), Sei (SEI), and Jito (JTO), are also part of the unlock schedule.

Token unlocks are a deliberate mechanism in the tokenomics of cryptocurrency projects, involving the release of previously locked tokens into circulation based on a predetermined schedule. Traders generally view unlocks as bearish near-term catalysts, expecting increased selling pressure and volatility as new tokens enter the market. However, linear token unlocks allow the market to absorb new supply over time, reducing the risk of sharp price fluctuations and promoting long-term stability. If support holds and unlocks are absorbed through staking and long-term buying, price action could stabilize.

Currently, the market shows elevated volumes and open interest from major altcoins. However, unlock clusters could test liquidity, especially if market sentiment remains fragile. The SOL price is trading at $149.83, down 0.64% over the last 24 hours, but daily trading volume has increased by 17.04% to $2.8 billion, suggesting that demand for SOL could match the potential supply from the planned unlock. DOGE's price has increased by 0.95% to $0.1656, with trading volume rising over 104% to $726.9 million. Only 0.06% of Dogecoin’s circulating supply is set for release, which may not significantly impact its price movement. In contrast, the SUI price could face more pressure as 1.29% of its circulating supply is unlocked, with SUI down 0.78% to $2.79 over the previous day.