Here are 20 crypto coins that could dump massive unlocks on holders. You need to know about these before the unlocks happen, because if you get caught when a big token unlock comes out, you could lose lots of money. If you don't know what a token unlock is: many coins — like Hyperliquid, Ondo, Rain — have huge amounts of tokens that are not actually circulating. Only a tiny percentage is actually tradable, and all these other coins are still locked up. An unlock is where coins that were previously not movable or tradable become movable or tradable, increasing the circulating supply and setting up a potential big dump. Not necessarily — but the setup is there.
And then there are some surprising coins, like Bitcoin, which right now is unlocking $10 billion a year via mining. That means in theory you need a net $10 billion more coming in — not exactly, with price manipulation and leverage and all that — but with Bitcoin you have to have billions of dollars of net buying pressure a year just to maintain where things are at. With Solana, you need billions of dollars a year coming in just to maintain where things are today. And there are much worse situations that we'll go into here in depth.
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How I Ranked the Danger
Let's go through the deep research. I pulled data from all the different token unlock websites, and I'm ranking the danger for these coins — the extreme danger coins like HYPE, Ondo, Rain, YZY, and others. The ranking looks at how much of the current float is being unlocked — what percentage of the tradable supply is out there versus how many dollars are becoming available — plus how soon the unlock happens and how much of the supply has already been released. The worst scenario is where the unlock is so huge it represents a significant portion of the whole circulating supply. You need to look deeper for every coin, because some of you don't realize you're holding coins with huge problems coming from token unlocks.
The Extreme Danger List
The number one danger on this list right now is Rain, where it's not even one giant cliff — it's continuous dumping. You've got $6.1 billion of the whole supply being unlocked in one year, and the current market cap is only $9 billion. This is crazy: that's around two thirds of today's circulating supply. This is the absolute worst one. There's no way I would hold this — not financial advice; I'm an ICP maxi because of the tech — and this is an almost guaranteed scenario where the Rain price gets absolutely destroyed, even if the project continues. Now, the trackers disagree — DefiLlama says 781 million of Rain unlocked over the last 30 days while another site says 500-some million — but the point is hundreds of millions of dollars are unlocking. That is a huge problem.
Second is YZY: 22% almost immediately, with the whole market cap right now at $87 million and $35 million in upcoming unlocks — happening in just a few days. That's a huge amount of supply. It doesn't mean it's going to get sold immediately, but if you're holding this and don't realize the unlock exists, you're in a very dangerous position.
GRVT: 56% of the float, with a market cap of $37 million and the next unlock of $21 million coming in two weeks. That scares the heck out of me. I would dump this immediately — not financial advice, and I don't have any of it, because I would have dumped it if I somehow got it. Now, $21 million by itself doesn't sound enormous, but the whole tradable market cap right now is $37 million. That is huge. I'm not saying they'll sell all of it at once, but that's a lot of potential sell pressure.
XPL: a 63% unlock. A $200 million market cap with $132 million in unlocks coming next month. That is one of the largest relative unlocks — it's awful. If you're holding this, you should know: who's getting this unlock? Why would they hold it instead of dumping it? How much does it dump if they sell even a fraction?
Next, 2Z: a $194 million market cap with $92 million more coming unlocked next month. That's 47% — nearly half of what's available being unlocked. Very dangerous.
Now here's one of the bigger ones that many of you may actually have: Ondo, or Ondo Finance. A $34 million unlock is coming, which is huge against only a $1.59 billion market cap for such a big project. This one is further away — about five months out — but it's something that could get sold in advance. Sometimes there's artificial price manipulation upward right before unlocks happen; other times holders sell in advance to prepare for the unlock. You can check the chart to see what it did before previous unlocks and see if you can predict it. With Immutable X, there would often be what appeared to be a manipulated pump right before big token unlocks, and then the whole manipulated pump would get erased and it would go down further. With Ondo Finance, there's no way I'd want to be sitting in the middle of a token unlock that big.
Hyperliquid. So much bullish talk about this one, but the unlocks are miserable — they make the burn seem irrelevant. The market cap is $12 billion, and there's an unlock coming for $500 million in just 22 days. The percentage is only about 2.37%, but the absolute value is enormous — and these unlocks just happen over and over and over again on Hyperliquid for the next few years. To me, this makes Hyperliquid absolutely unsustainable. There's no way all these token unlocks don't bury the price over time, because you need so much buying power, so much burning, just to stay even.
Another high-danger one is Humanity: a $233 million market cap with $31 million in token unlocks coming in just 10 days. That's 14% of the entire market cap out there. Yes, some of the platforms give different data, but the bottom line is: 10 days, tens of millions of dollars unlocking, in a project whose total market cap is a couple hundred million. Big problem.
Kaito: $0.40 current price, $98 million market cap, and a $13 million token unlock coming in just 5 days — 13% of the whole market cap coming out. Interestingly, on the previous unlock 7 days ago, the price actually went up. But if you're going to manipulate and financially engineer prices — which is huge in crypto — there's often an incentive to do it right when the token unlocks come out. First, most people aren't paying attention to token unlocks. Second, if you can manipulate the price up and you know you're going to dump, the time to manipulate the price up is exactly when you want to start selling. What tends to happen is that after the tokens have been unlocked, the consistent sell pressure comes in as the unlocks get sold.
Number 10 is LayerZero: a $275 million market cap with a $20 million token unlock coming in just 5 days. This one also actually went up a little last time — it doesn't mean an automatic dump — but there are tens of millions of dollars that couldn't have been accessed before now coming out.
TON, or Gram: $1.32 price currently, $3.6 billion market cap, with $48 million unlocking — nearly $50 million coming out in just 8 days. And there are a ton more token unlocks coming for TON after that.
Sign is getting an almost $2 million unlock — 11% of a tiny little $16 million market cap. It's the opposite of HYPE: where HYPE has a huge market cap and a huge unlock at a small percentage, here 11% of the whole thing is coming out on a $16 million market cap. Almost $2 million hitting a small market is a big risk factor.
Then you have Pixel: a $400,000 unlock on a $3 million market cap. Some of these small market caps are even more volatile — there can be less financial engineering and less liquidity, and some of them can actually dump harder. $400,000 doesn't sound like a big deal, but on a tiny market cap that could be massive.
Moderate and Serious Risk
Limitless: an $8 million market cap with $780,000 coming out — a little less than 10% of the whole supply. That is significant. Solv Protocol: an $11 million market cap with a little less than a million dollars unlocking — 8% of the whole supply in just 2 days, and the last time, it dumped 3% right after. Arbitrum: a big market cap at $493 million, with $6 million more unlocking — they just keep doing unlocks, constantly. This one hits within hours of when this video comes out. It did go up 2% last time, but there's still the constant token unlock drip — and in a bear market, token unlocks are just unnecessary sell pressure. Compare that to ICP: ICP doesn't have any more token unlocks coming. All of those finished after 5 years — and that's where all my money is. The remaining locked investor tokens are tiny, something under 1%. And Sei: a $268 million market cap with $3 million coming unlocked just hours from now. You should know about all of these.
Bitcoin's Unlock Nobody Counts
The last thing we'll talk about: these next coins don't have regular VC cliff unlocks, but Bitcoin instead unlocks tens of millions of dollars every single day via mining — and that turns into tens of billions of dollars a year in Bitcoin that is largely sell pressure, because most of the miners dump. They'll hold sometimes, but they have to pay for their mining operations. And do you realize: the lower the Bitcoin price goes, the more pressure the miners are under, because mining becomes less and less profitable. But the higher the price goes, the more incentive there is to dump and bank the money for operations in case the price drops later. These unlocks going directly to miners create what could be an unsustainable situation for Bitcoin over the long term, because fees hardly pay for anything on Bitcoin — it's almost all mining rewards, and that's still ten billion dollars of new Bitcoin every year. If you're not constantly marketing and hyping Bitcoin and pulling all kinds of new money in, at some point this could leave Bitcoin with diminishing returns — like it already has.
Bitcoin can have a hard time pumping while mining is still unlocking this much, and we have two more years where mining continues at this rate before we can look at whether things improve. Still, Bitcoin can handle this much better than smaller tokens like Rain — and that's exactly why you should compare things. Rain unlocking $6.1 billion a year is ridiculous next to Bitcoin. It's impossible for me to see how you would want to hold that token.
Ethereum is still unlocking billions of dollars a year, and the deflationary aspect of the network — which was all the hype before — seems to have gone out the window at this point. Instead we're getting billions more dollars of Ethereum. Ethereum has a lot smaller market cap than Bitcoin, so in absolute terms it's not as much, but it means you've got to have billions more dollars coming in just to absorb all the new Ethereum. And then Solana — again, a smaller market cap than Ethereum — billions more dollars. People talk about the ICP tokenomics, but Solana is literally printing the entire ICP market cap in a single year at current prices through inflation. So is Ethereum. And Bitcoin is unlocking something like six or seven times the whole ICP market cap every year, with new unlocks every year after. If the Solana price drops, the incentive to use the network drops, and with the token unlocks and inflation there's nothing keeping a floor — these coins can down-spiral.
What Unlocks Mean for You
To summarize: all these unlocks don't guarantee a dump. Some of the tokens actually went up. But others tanked after their token unlocks, and tanking is more common than going up — and generally, I'd say the ones that go up are being manipulated, and they're not going to keep it. The unlock puts you in a dangerous situation where a lot of supply could be sold and where a price dump is likely. Yes, the released supply can sit in investor wallets and team wallets — they can wait for exactly the right moment. The numbers are significantly different from project to project, and that's why it's worth doing your research: put all this together, put it into AI, and make sure you're not sitting on coins where you're going to get wrecked.
Some of the biggest percentage dangers on this list: XPL, GRVT, 2Z, Ondo, Sign, Pixel, Solv, Kaito — and some of the largest tokens too. Are you in any of these? If so, I would exit — not financial advice. I don't want to sit in coins with big token unlocks when there are better opportunities out there, like Internet Computer Protocol. I keep all of my coin-by-coin research going in my Crypto Reviews playlist if you want to see which projects pass this kind of test.
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