Solana News Today: Over $653M in crypto tokens set for unlock this week

Over $653 million in new crypto tokens is set to be unlocked this week, with Fasttoken (FTN) and Aptos (APT) leading the charge, according to data from Tokenomist [1]. The unlock event spans from August 11 to August 18, during which traders and investors are closely monitoring how the influx of tokens affects market liquidity and price action [4]. Fasttoken’s cliff unlock alone amounts to 20 million tokens, valued at $91.6 million, while Aptos is expected to release 11.3 million APT tokens valued at $53.72 million [6]. Other major unlocks include $88.87 million from Cheelee’s CHEEL token, $43.91 million in Arbitrum (ARB), and $40.15 million in Avalanche’s AVAX [1].

The timing of these unlocks is notable as the broader cryptocurrency market experiences increased institutional interest. For example, Solana (SOL) has risen 14.2% over the past week, reaching near $186, though it remains 36.9% below its January all-time high [1]. Public companies such as Upexi, DeFi Developments Corp, SOL Strategies, and Torrent Capital collectively hold over $591 million in SOL, representing 3.5 million tokens or 0.65% of the asset’s circulating supply [1]. Meanwhile, the Trump token (TRUMP) is set to see a daily unlock of $6.52 million in the coming week, while Worldcoin’s WLD token will see 37.23 million units valued at $40.5 million added to the market [1].

Concerns are mounting over potential downward pressure on token prices, particularly if sellers choose to capitalize on the increased exposure. Historically, token unlocks have been associated with volatility, especially for projects where a high proportion of tokens is held by early investors or developers [7]. For example, the Dogecoin (DOGE) unlock is expected to add 95.49 million tokens worth $22.09 million to the market [1]. While DOGE has struggled to gain traction in the last 24 hours, gaining only 0.4%, it has risen 18% over the past week, driven by whale activity that has increased their share of circulating supply to nearly 50% [1].

LayerZero (LAYER) is another key name in the unlock event, with a $17.44 million cliff unlock expected as it moves forward with a $110 million all-token acquisition of Stargate [1]. LAYER has seen strong performance, rising 26.5% in the last 24 hours and over 42% in the past week, outperforming the broader crypto market, which gained only 7% over the same period [1].

Given the size of the unlocks and the timing of these events, analysts suggest that the market’s reaction will largely depend on whether the tokens are sold quickly or distributed gradually [7]. If the tokens are sold en masse, the increased supply could lead to short-term price corrections. However, if they are used for ecosystem development or retained by long-term holders, the impact may be more neutral [10]. Market participants are advised to remain cautious and monitor price movements closely as the week progresses [11].

Sources:

[1] CoinMarketCap. (2025, August 10). Be Careful: $653M in New Crypto Tokens Set to Hit the Market This Week. https://coinmarketcap.com/community/articles/689a819d1f3a5b4dc5e17f85/

[2] Mitrade. (2025, July 29). Fasttoken, Aptos top weekly token unlocks at $653M. https://www.mitrade.com/au/insights/news/live-news/article-3-1028542-20250811

[4] CryptoDnes.bg. (2025, August 5). $653M in Token Unlocks Set for This Week: Which Coins Are Impacted Most? https://cryptodnes.bg/en/author/kosta-gushterov/

[10] Tokenomist. (2025, August 4). $653M in Token Unlocks Set for This Week: Which Coins Are Impacted Most? https://cryptodnes.bg/en/ethereum-etps-set-new-record-as-crypto-inflows-rebound-after-1b-outflows/