Bitcoin surged to a new all-time high this week, driven by robust institutional interest and elevating overall crypto market sentiment. While the bullish trend persists, altcoin performance has turned selective—some tokens weathered unlocks resiliently, while others displayed vulnerability. This report covers key unlocks ($SUI, $BIO), the $PYTH selloff, and new launches like $HAEDAL and $SXT.
Weekly Unlocks Recap
Bitcoin dominance climbed to 64% after surpassing $110,000, underscoring institutional confidence. Altcoins, however, grew more fragmented:
- Resilient tokens defied unlock pressures due to strong demand.
- Weaker performers (e.g., $PYTH) faced selloffs amid supply releases.
$PYTH’s 30-day underperformance coincided with 50%+ of its circulating supply unlocking, driving a ~20% price drop. Notably, 12% of unlocked tokens went to insiders, exacerbating selling pressure.
👉 Explore $PYTH’s release schedule
No further $PYTH unlocks until May 2026 offers a supply breather, allowing markets to absorb current liquidity before the next major release.
Upcoming Unlocks
Next week’s $740M+ in unlocks includes 26% insider allocations (founders, early investors). Highlighted projects:
- $SUI (June 1, 2025): Largest dollar-value unlock (1.32% of supply).
- $BIO (May 28, 2025): 20.22% of circulating supply released—first major post-TGE cliff.
$SUI Unlock Details
- 33% unlocked so far; 50%+ supply post-2030 limits near-term pressure.
- Allocations: Series B, Community Reserve, Mysten Labs Treasury.
$BIO Unlock Dynamics
- 51% unlocked; insiders (core team, investors) hold most new tokens.
- Market reaction hinges on stakeholder liquidity decisions.
👉 Track $SUI’s vesting schedule
New Token Launches
$SXT (Space and Time)
- ZK-proven data L1; $50M raise led by Microsoft’s M12.
- **150M MCAP, $500M FDV**; heavier community allocation vs. peers like $GRT.
$HAEDAL (Haedal Protocol)
- Details pending post-launch metrics.
Notable Crypto News
Institutional
- JPMorgan opens Bitcoin access for clients (CNBC).
Regulation
- U.S. Senate advances GENIUS Act for stablecoin framework (Chainalysis).
Tokenomics
- $MKR holders must migrate to $SKY for governance (Sky).
General
- Kraken lists tokenized stocks on Solana (Kraken).
FAQ
Q: Why did $PYTH drop despite community allocations?
A: Insider unlocks (12%) compounded selling pressure alongside large supply releases.
Q: What makes $SUI’s unlock schedule unique?
A: Most supply unlocks post-2030, minimizing near-term dilution.
Q: How does $SXT’s allocation compare to The Graph?
A: $SXT favors community over insiders, potentially fostering early alignment.
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