SUI, ENA, W Lead This Week's Major Token Unlocks Bringing Over $642M Worth of New Tokens to Market

The start of Q2 brings over $642 million worth of crypto tokens set to hit the market between March 31 and April 7.

The start of Q2 brings over $642 million worth of crypto tokens set to hit the market between March 31 and April 7. This significant wave of scheduled unlocks could affect supply dynamics for several assets.

Tokens including SUI, Wormhole (W), Ethena (ENA), and Solana (SOL) feature among the most anticipated releases this week. Market participants watch closely to gauge the potential impact on liquidity and prices.

"I don't do VC-backed cryptos for this very reason. Even $Trump unlocks coming in April and July. 28.8million trump tokens gonna be served up on a platter as a dump pie. For the life of me, why would anyone buy a memecoin where the Trump Organization (via 6 CIC groups) owns 80% of ...," a crypto trader commented on X.

According to Tokenomist data, SUI will see 64.19 million tokens unlock, to be worth about $148.93 million (2.14% of its circulating supply). Similarly, ENA unlocks 212.50 million tokens valued at around $78.81 million (3.25% of supply).

Wormhole’s W token release is also substantial, at $70.40 million. However, this is a very large 46.27% of W’s current circulating supply, which could potentially lead to significant price volatility depending on how recipients manage the unlocked tokens.

Solana (SOL) sees about 466,000 additional tokens (around $58.8M) become available. Worldcoin (WLD) adds 37.23 million tokens (approx. $29.2M) to circulation. The meme coin Dogecoin (DOGE) also has a scheduled unlock of 96.52 million tokens, introducing roughly $15.84 million in new supply.

Generally, large token unlock events can trigger short-term price corrections or more volatility, especially for tokens releasing a high percentage of their circulating supply. Tokens like W, which unlocks a staggering 46.27% of its total supply this week alone, are often subject to particular scrutiny from traders assessing potential selling pressure.

On social media, some traders expressed skepticism about heavily VC-backed projects around unlock times, specifically citing concerns over potential token “dumping” by early investors or team members looking to cash out. These concerns extended specifically to upcoming unlocks for a Trump-themed token reportedly scheduled for April and July.