$321M Token Supply Release Could Shake Altcoins

• Over $321 million in crypto tokens are scheduled for unlock between Feb 16–23.
• Major cliff unlocks include ZRO, YZY, ARB, and KAITO tokens.
• Linear unlocks led by RAIN, SOL, WLD, DOGE, and TRUMP tokens.

The crypto market is preparing for a major supply event over the next seven days, with more than $321 million worth of tokens scheduled to unlock, according to Tokenomist data. These releases include both large one-time cliff unlocks and gradual linear unlocks, events that traders monitor because increases in circulating supply can influence short-term price movements.

The upcoming token unlocks arrive at a time when the broader crypto market is already under pressure. The total market capitalization has slipped to around $2.35 trillion. Top cryptocurrencies are also trading lower in recent sessions, with Bitcoin near $68,500, Ethereum around $1,970, and XRP close to $1.46.

Cliff Unlocks Led by ZRO and ARB

Among the largest one-time releases, LayerZero (ZRO) will unlock approximately 25.7 million tokens valued at about $45 million, representing nearly 6% of its adjusted released supply. Other large cliff unlocks include YZY, Arbitrum (ARB), and KAITO, together adding tens of millions of dollars in additional supply entering the market during the week.

Linear Unlocks Add Ongoing Supply Pressure

Alongside single-event releases, several projects will distribute tokens gradually through linear unlock schedules, which release supply daily. 

Source: X

The biggest of these includes RAIN, with unlocks valued at over $93 million, followed by Solana (SOL), CC, TRUMP, RIVER, Worldcoin (WLD), Dogecoin (DOGE), and ASTER. Even though these unlocks are spread over time, their combined effect can still influence liquidity and trading sentiment.

Related: Tom Lee: “We’re Really Close to the End” of the Crypto Winter

Active Weekly Unlock Calendar

The schedule shows token unlocks nearly every day, including releases for Arbitrum (ARB), zkSync (ZK), KAITO, LayerZero (ZRO), Wormhole (W), Quai Network (QUAI), Immutable X (IMX), and several smaller projects. Individual releases range from a few hundred thousand dollars to tens of millions, contributing to the overall increase in circulating supply.

Broader Market Developments This Week

Alongside token unlocks, the week also includes several industry updates. Belgium’s KBC Bank is preparing to launch regulated crypto trading services starting February 16, while various projects are holding public sales, governance announcements, and ecosystem events. Macro-economic updates, including U.S. Federal Reserve meeting minutes and economic data releases, could also influence broader market sentiment during the same period.

Experts say that token unlocks do not always lead to immediate price declines, but they often increase short-term volatility as early investors, teams, or ecosystem participants gain access to newly tradable tokens. 

Related: Bitcoin’s Crash Sends Vietnam’s Once-Booming Crypto Industry Into Turmoil