$221M in Crypto Token Unlocks Hit Markets This Week

• Four cliff unlocks totaling $42 million hit markets this week, led by CONX and ARB.
• DBR will release 12.9% of adjusted supply this week, making it the highest percentage unlock.
• Rain Protocol releases 9.5 billion tokens worth $75 million in daily linear unlocks.

Crypto markets are navigating another heavy unlock week. Between April 13 and April 20, over $221 million worth of tokens are scheduled to enter circulation across both one-time cliff releases and ongoing daily linear unlocks, according to data from Tokenomist.

The market traded slightly lower but remained broadly stable. Bitcoin is trading around $70,872, Ethereum at $2,190, and XRP at $1.33. Total crypto market cap sits at $2.41 trillion, with the Fear and Greed Index at 42, indicating neutral sentiment with a slight lean toward bearish.

Cliff Unlocks to Watch

Four tokens are releasing significant one-time amounts this week.

CONX leads with 1.32 million tokens worth $15.95 million, representing 1.52% of its adjusted released supply. ARB follows with 96 million tokens worth $10.65 million, equal to 1.81% of supply. DBR sees the largest percentage release of the group, unlocking 618 million tokens worth $9.08 million, representing a substantial 12.9% of its adjusted supply. YZY rounds out the cliff unlocks with 20.83 million tokens worth $6.36 million, or 4.67% of supply.

DBR and YZY carry the highest supply-relative impact and are worth watching closely for price reaction.

Linear Unlocks Running All Week

The daily drip side of this week’s schedule is where the real volume sits.

Rain Protocol dominates once again with 9.5 billion tokens worth $75.67 million released daily, representing 1.99% of the circulating supply. Solana continues its steady linear release with 467,970 SOL worth $38.22 million, though at just 0.08% of supply, the market impact remains limited.

CC releases 191.71 million tokens worth $28.06 million daily. TRUMP continues its ongoing weekly emissions at 6.33 million tokens worth $17.72 million, representing 2.72% of the circulating supply. WLD adds 37.23 million tokens worth $10.78 million, and DOGE releases 95.06 million tokens worth $8.66 million, though at just 0.06% of supply, the Dogecoin release is unlikely to move markets meaningfully.

Heavy supply events in a low-conviction market tend to amplify downside risk more than they create upside opportunity.

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