The cryptocurrency market is facing supply-side pressure as more than $81.9 million worth of tokens are scheduled to unlock between May 5 and 11, 2025. According to blockchain analytics firm Tokenomist, ENA tops the list with the largest unlock by volume. The project will release tokens worth $55.79 million, representing 3.1% of its circulating supply.
As per the data, the unlock, scheduled for May 5, makes it the most substantial single-day release of the week. The tokens are designated for both the founding team and private investors, with 6.61% of total ENA tokens being unlocked through this event.
🟣 Weekly Insider TokenUnlocks : 5–11 May 25
$81.9M+ in insider allocations set to unlock this week
Notable unlocks by size and % of circ. supply :
• $ENA – $55.79M (3.1%)
• $SPEC – $15.42M (42.5%)
• $NEON – $3.33M (10.8%)
• $GGP – $2.41M (9.8%)
• $AGI – $2.35M (2.1%)
•… pic.twitter.com/HvRxl3XT17— Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) May 2, 2025
SPEC follows with a $15.42 million unlock scheduled for May 6, but what makes this event particularly noteworthy is that it represents 42.5% of the token’s circulating supply. Nearly half of all tradable SPEC tokens are hitting potential liquidity in a single event. The data indicates that 4.12% of SPEC tokens will be unlocked through this release.
The third largest unlock by value comes from CFG, with $676,280 worth of tokens (0.87% of circulating supply) scheduled for release also on May 6. Several mid-sized unlocks are also on the calendar, which include NEON with $3.33 million (10.83% of circulation) set for May 7 and GGP with $2.41 million (9.8% of circulation) on May 8.
Other notable unlocks include AGI on May 11 with $2.35 million (2.1% of circulation), MAVIA on May 8 with $1.41 million (10.75% of circulation), and DEVVE on May 10 with $582,380 (0.95% of circulation). The AGI unlock is set primarily for private investors, with 44.89% of tokens unlocked.
Big Unlocks Add Market Pressure
Token unlocks are important events for cryptocurrency traders and investors, as they usually create clear patterns of selling pressure. When founding teams and early private investors get access to tokens that were locked before, some of these tokens enter the market as early supporters try to make profits or adjust their portfolios.
Projects with a high percentage of tokens unlocking, such as SPEC in 42.5%, will directly impact the market, and even small unlockings from liquid tokens will have an impact on their trading pairs as well.
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