Over $2B in tokens set for unlocks next month, says Tokenomist

Roughly $1.988 billion worth of tokens are scheduled to unlock over the coming month, according to data from Tokenomist, the vesting schedule tracking platform formerly known as TokenUnlocks.

What’s actually unlocking

Token unlocks are exactly what they sound like. Tokens that were previously restricted, typically allocated to early investors, team members, or ecosystem funds, become available for trading on a set schedule.

Tokenomist, which tracks over 1,500 projects by sourcing data from official project documentation and on-chain records, has been reporting elevated unlock activity throughout June. Weekly unlock totals exceeded $640 million earlier in the month, with near-term aggregates hovering between $650 million and $695 million over recent seven-day periods.

Hyperliquid’s HYPE token has been a frequent contributor to these high-value unlock windows, appearing in weeks where total figures exceeded $540 million.

The platform classifies unlocks into two main categories: cliff unlocks, where a large chunk of tokens becomes available all at once, and linear unlocks, where tokens are released gradually over time. It also segments these by stakeholder type, distinguishing between team allocations, investor tranches, and ecosystem or community funds.

This distinction matters. A cliff unlock from early venture investors tends to carry more sell pressure risk than a linear release earmarked for ecosystem development. The former group has explicit financial incentive to take profits. The latter is often programmatically deployed into protocols or grants.

Historical context and why this number isn’t unprecedented

Tokenomist has documented monthly aggregates reaching approximately $2.31 billion in prior years for the month of August specifically. So while the figure is large in absolute terms, it’s roughly in line with what the market has absorbed before during the same calendar window.

The platform, founded by CEO Tanawat Chiewhawan, has built its reputation by providing granular breakdowns of these schedules. It offers API and CLI access tailored for institutional traders who need to model supply dynamics into their strategies. For retail investors, the dashboard provides real-time analytics showing which tokens are approaching significant unlock events.

Tokenomist’s methodology relies on cross-referencing multiple data sources: project whitepapers, smart contract vesting logic recorded on-chain, and official community announcements from project teams.

What this means for investors

The smart move is straightforward: check whether any tokens in your portfolio have significant unlocks scheduled in the coming weeks. If they do, understand who’s receiving those tokens and what their likely behavior is. Early-stage investors with 50x gains have very different incentives than ecosystem funds with programmatic deployment mandates. That context shapes whether an unlock is a non-event or a liquidity crisis waiting to happen.