$566M Token Unlocks Could Set the Crypto Market Up for Price Swings

Key Insights: Token unlocks add $566 million of new supply and may create short-term crypto market pressure. HYPE, XPL, and JUP unlock land while prices are already weak across the market. Heavy unlock weeks often thin liquidity and make the crypto market move sharply. The crypto market is heading into a tricky week. More than $566 million in token unlocks will enter circulation. When new tokens enter the market, the total supply grows. If demand does not grow at the same speed, prices often fall for a short time. This is why traders watch unlock weeks very closely. Many tokens are already weak. HYPE is down 16. 7%, XPL is down 22. 1%, and JUP is down 6. 5% this week. New supply coming during a weak period can make price swings sharper than usual. This week’s unlocks are large enough to shake the market if buyers slow down. HYPE, XPL, and JUP Token Unlocks Bring Most of the New Supply In the latest crypto market news, Hyperliquid, Plasma, and Jupiter are the biggest unlocks of the week. Each unlock has a different reason, but the effect is the same: more tokens enter the market at once. Hyperliquid (HYPE) will unlock 9. 92 million tokens on Nov. 29, worth about $327 million. These tokens go to contributors. Even though some large buyers have been adding HYPE for weeks, the price still fell by 16. 7% in the past seven days. When a crypto token is already falling, and a large amount of new supply enters the market, the pressure often increases. If demand does not catch up, HYPE may find it hard to recover this week. Plasma (XPL) unlocks 88. 89 million tokens on November 25, worth about $17. 53 million. This unlock equals 4. 74% of its circulating supply. XPL is already down 22. 1% in the last week. The new tokens will go toward ecosystem growth, which is a positive sign considered in the crypto market for the long-run. However, in the short term, more supply can make a weak chart weaker. Jupiter (JUP) unlocks 53. 47 million tokens on Nov. 28, worth about $12. 83 million. Most of these tokens go to the team and early stakeholders. JUP is down 6. 5% this week, and many Solana-linked tokens have also slowed down. When the team receives new tokens, some early holders may choose to take profit, which adds selling pressure in the short term. Why This Week Feels Different for the Crypto Market? This week in the crypto market has one of the heaviest unlock schedules of the month. Data from DeFiLlama and Tokenomist show several unlocks happening close together from many different projects. A dense unlock period increases the chances of short-term price swings because more new supply enters the market at the same time. When many Unlocks land together, crypto market traders usually slow down and wait to see how the market reacts. Retail buyers become more careful, and this lowers trading activity. Lower activity makes it easier for crypto prices to move fast when any selling pressure appears. This is why token unlocks often create sudden intraday moves during weeks like this. The timing also matters. The crypto market has been moving softly this week, with many tokens falling for several days in a row. When weak prices meet large unlocks, the path for growth becomes narrow unless strong demand appears. Crypto Market: What Traders Should Watch This Week? The next few days will show how much supply the crypto market can absorb. Token unlocks do not always push prices down, but they increase the stress on the crypto market when demand is low. This week’s unlocks are large, and buyers have not been very active yet. Because of this, HYPE, XPL, and JUP may see more pressure if demand stays weak. Moreover, even Sui and EigenLayer are in the firing line, as of today, If new buyers step in, the crypto market can stabilize faster than expected. But until that happens, token unlocks, and weak prices together will continue to test market strength. The final move depends on how traders respond as these releases enter the market.
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