It’s shaping up to be a big week for token unlocks across the crypto market. According to data from WuBlockchain and Tokenomist, more than $653 million worth of tokens are set to be released between October 27 and November 3, with SUI and ENA leading the pack.
The timing couldn’t be more interesting, the market is rallying, sentiment is improving, and this wave of unlocks could test just how strong the current momentum really is.
The Biggest Unlocks This Week
At the top of the list is SUI, with nearly 44 million tokens unlocking, valued at around $119 million, about 1.2% of its circulating supply.
Following closely behind is GRASS, releasing $80.7 million worth of tokens, a massive 72.4% of its total supply.
That’s one of the heaviest unlocks in terms of percentage, and it could inject significant volatility if early investors decide to take profits.
Other notable unlocks include EIGEN ($43.8M), JUP ($23.5M), OMNI ($20.8M), and ENA ($21.3M), which represents about 0.6% of ENA’s supply.
On the larger-cap side, the list also features SOL ($100.8M), WLD ($35.4M), DOGE ($19.8M), TRUMP ($30.6M), and TAO ($10.5M), projects that could see smaller relative impact given their larger liquidity and higher market depth.
All in all, the total value of upcoming unlocks across these projects exceeds $650 million, marking one of the most eventful weeks of Q4 so far.
How Token Unlocks Affect Price
Token unlocks are often viewed as bearish events since they increase circulating supply and can create short-term selling pressure, especially when investors or team allocations are freed up after vesting periods. However, the market context matters, and right now, the context looks surprisingly strong.
The broader crypto market is pumping this week, with Bitcoin up 5% and altcoins showing renewed strength as inflation data cooled and risk appetite returned.
The Fear & Greed Index has climbed back to “Neutral,” and capital flows into risk assets are increasing. In a bullish environment, token unlocks don’t always trigger immediate sell-offs, sometimes, they simply shift supply to more active hands or create dip-buying opportunities.
According to Tokenomist, in the next 7 days, major one-time token unlocks (over $5 million) will include SUI, GRASS, EIGEN, JUP, OMNI, ENA, ZORA, KMNO, OP, IMX, SIGN, ZETA, and others. Meanwhile, major linear daily unlocks (over $1 million per day) will involve SOL, WLD, TRUMP,… pic.twitter.com/ZdxjB2plfu
— Wu Blockchain (@WuBlockchain) October 27, 2025
Here’s What to Expect
For tokens like SUI and ENA, the unlocks will be key sentiment tests. SUI, which has already been one of the stronger Layer-1 performers this quarter, could absorb its $119 million unlock smoothly if momentum continues.
ENA’s smaller unlock size relative to its market cap may have an even lighter impact, especially if trading volume remains elevated.
Smaller-cap unlocks like GRASS, ZORA, and KMNO could see sharper price swings, as their circulating supply percentages are much higher. These often attract traders looking for quick volatility plays, but also pose short-term downside risk if early holders take profits aggressively.
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Overall, the market’s tone this week feels more optimistic than fearful. With strong Bitcoin performance, rising liquidity, and an ongoing AI and DeFi narrative pushing altcoins higher, it’s possible that even this massive unlock wave won’t derail momentum.
In fact, if prices hold steady through the week, it could signal that bullish demand is finally strong enough to absorb fresh supply, a clear sign of market maturity heading into November.
So while the numbers look big on paper, the reaction will reveal more about the market’s true strength. If bulls can shrug off $653 million in new supply, the next leg up might already be underway.
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