According to TokenUnlocks data, notable cryptocurrency token unlocks are scheduled for the upcoming weekend and the following week. These unlock events are known to have an impact on cryptocurrency prices by increasing the available assets in circulation, thereby creating selling pressure.

Watch Out for Upcoming Token Unlocks

Starting on May 3, over 5.31 billion MEME tokens valued at $155.98 million, representing 31.97% of the circulating supply, are set to unlock, potentially signaling a significant period ahead. These tokens will be distributed via a community airdrop, to advisors, and investors. Additionally, a daily linear unlocking of 49.47 million MEME tokens worth $1.45 million will commence on the same day.

On May 1, the dYdX ecosystem plans to unlock 33.33 million DYDX tokens valued at $73.33 million, which make up 10.72% of the current circulating supply. These tokens will be allocated to founders, employees, future employees, and advisors. Noteworthy events in the Ethereum Layer-2 (L2) network include the unlock of $58.47 million on April 29 for 24.16 million OP tokens, distributed to core participants and investors.

On April 30, the Echelon Prime network will release 1.66 million PRIME tokens worth $30.03 million (4.43% of the circulating supply), and the Sui ecosystem will unlock 4 million SUI tokens valued at $4.88 million. Additionally, Manta Network will introduce 1.87 MANTA tokens worth $3.40 million into the market. Another presence to watch is Ethena, with tokens valued at $46.71 million (representing 3.76% of circulating tokens) ready for unlocking.

Awaited Token Unlocks in the Near Hours

On April 27, Saturday, the Yield Guild Games ecosystem is set to unlock 16.69 million YGG tokens valued at $15.12 million, releasing 4.57% of the circulating supply. The following day, April 28, Sunday, the SingularityNET AI crypto ecosystem will grab investor attention with the unlocking of 8.84 million AGIX tokens, worth $8.32 million, marking a 0.69% transaction from circulating tokens.

The looming unlock events in the coming days are anticipated to bring negative impacts on the cryptocurrency market. Typically, these unlocks result in price declines if the market volume is not adequately sustained.