The week of April 21-27 sees major token unlocks totaling over $17.8 million

The week of April 21-27 sees major token unlocks totaling over $17.8 million that could shake up prices across several crypto projects.

This week sees major token unlocks across several crypto projects, potentially shaking up prices as these tokens hit the market.

As of April 21-27, seven tokens are set to release a combined value of over $17.8 million, according to data.

Among the highlighted projects are Undeads Games (UDS), AltLayer (ALT), Venom (VENOM), Morphware (XMW), and Hooked Protocol (HOOK).

Each project shows different market action in response to recent trends and the size of their unlocks.

Weekly Insider Unlocks : 21 – 27 Apr '25

? 17.8m ?Insider Unlocks Highlights ?$UDS (20.58%) – $11.49m$ALT (3.32%) – $2.55m$VENOM (0.51%) – $1.34m$XMW (1.58%) – $676.37k$HOOK (1.76%) – $465.67k.

( % of cir. supply)pic.twitter.com/5frjHMQHHk

— Delta Tokens (@Delta_Tokens) April 17, 2024

Which Tokens Face Unlock Pressure?

Undeads Games (UDS) leads with the largest unlock value at nearly $11.5 million. That represents over 20% of its circulating supply – a significant amount hitting the market.

The token is currently priced at $0.7754, down 1.18% in 24 hours. Price action has been mostly bearish, with consistent lower highs.

Key support lies near $0.7730, while resistance sits around $0.7780 and $0.7850. Despite a slight uptick in volume, the broader sentiment leans cautious due to the sizable unlock.

On the other hand, Venom (VENOM) is seeing some bearish momentum. The token slipped by 2.44% to $0.1267. Lower highs and a mid-day breakdown indicate weakening momentum.

Its unlock value is $1.34 million, which is about half a percent of its total supply.

The $0.1245–$0.1250 zone remains critical for support, while $0.1300 marks a major resistance. Volume dropped 24.55%, confirming reduced trader participation.

Which Unlocking Tokens Are Showing Strength?

Interestingly, not all tokens with upcoming unlocks are facing pressure.

AltLayer, unlocking $2.55 million worth of tokens (3.32% of circulating supply), is actually showing bullish signs. The token surged by 5.71% to $0.02656, defying the usual unlock-related dip.

The breakout from $0.02510 support suggests strong buyer confidence. Resistance now forms at $0.02670 and $0.02700. Interestingly, this rally came despite a 5% decline in daily trading volume.

Also Read: These Tokens Will Be 100% Unlocked By 2025 – And They Are All Below $1

In other news, Morphware (XMW) is pushing higher on strong volume.

The token saw an increase of 5.51%, topping above $0.0560 before settling at $0.05365. Support holds at $0.0530, with resistance near $0.0565.

Volume surged nearly 68%, highlighting renewed interest despite the token release. Its unlock value is about $676,370, which is 1.58% of the circulating supply.

Finally, Hooked Protocol (HOOK) is the last on the list with a $465,670 unlock (1.76%). It posted the strongest daily gain at 7.59%, closing at $0.1205.

Strong demand supported the uptrend, especially above $0.1120. Immediate resistance lies at $0.1210, while $0.1170 could now flip to support.

News data source: kdj.com

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