$464M Supply Injection Raises Short-Term Risk for Altcoins

• Over $464 million in token unlocks are scheduled in one week.
• Cliff unlocks in tokens like SUI, SIGN, EIGEN, and TREE introduce sharp supply shocks.
• Ongoing supply dilution, insider vesting, and limited institutional inflows have left altcoins vulnerable.

More than $464 million worth of tokens are scheduled to be unlocked over the next seven days, according to Tokenomist. The wave includes both one-time cliff unlocks and steady linear releases and comes at a time when altcoins are already struggling to gain traction against Bitcoin. 

Large cliff unlocks between January 26 and February 2, leads with SUI with 45.97 million tokens worth $64.36 million, equal to 1.21% of the adjusted released supply. 

SIGN follows with 290 million tokens worth $11.61 million, representing 17.68% of adjusted supply. EIGEN is set to unlock 36.82 million tokens valued at $11.56 million, or 8.88% of supply.

Other notable cliff unlocks include KMNO at $10.07 million, JUP at $9.94 million, OP at $8.97 million, TREE at $8.34 million, SAHARA at $5.48 million, and ZORA at $5.06 million. TREE stands out, with the unlock equal to 39.41% of adjusted released supply, the highest ratio in this batch.

Linear Unlocks Add Persistent Pressure

Alongside cliff events, large linear unlocks are led by RAIN, with 9.41 billion tokens worth $89.86 million unlocking over the period, equal to 2.77% of the circulating supply. RIVER follows closely, with $88.23 million unlocking, representing 6.38% of circulation.

SOL’s linear unlock includes 480,200 SOL worth $57.18 million, equal to 0.08% of the supply. TRUMP adds $30.06 million, CC $27.58 million, WLD $16.47 million, DOGE $11.53 million, and AVAX $8.05 million.

What About the Altcoin Season?

CryptoRank identified capital dilution as the main barrier to an altcoin recovery. The number of tracked tokens has jumped from 5.8 million to 29.2 million in a year, spreading capital thin across the market. 

Unlock schedules add fuel to the fire, as many projects still have large portions of supply held by insiders and early investors. As these tokens vest, selling pressure persists even when demand exists. 

At the same time, speculative capital has shifted toward meme coins, perpetual futures, and prediction markets, which offer leverage and faster turnover without long-term holding.

Institutional flows have also dropped. ETFs and regulated products concentrate demand into large-cap assets like BTC, ETH, SOL, and XRP. Without broad inflows, mid- and small-cap tokens facing unlocks are left to absorb new supply largely on their own.

With over $460 million worth of tokens scheduled to unlock in a single week, altcoins remain vulnerable to volatility.

Related: Altcoins Season Slide in Early 2026 as Bitcoin Reclaims Market Lead