The crypto market gets another heavy supply week. Between April 27 and May 4, more than $300 million worth of tokens are scheduled to enter circulation through a combination of cliff unlocks, single lump-sum releases, and linear unlocks, which release tokens gradually on a daily basis throughout the week.
According to data from Tokenomist, six tokens have cliff events above $5 million, while five tokens are delivering daily linear releases above $1 million. With altcoin liquidity still thin and the broader market fragile, how these assets absorb the incoming supply will be worth watching closely.
The cliff unlocks: six tokens, one dominant story
The largest single cliff unlock this week belongs to SUI, the native token of the Sui blockchain, a Layer 1 network built around an object-oriented data model and a custom programming language designed for faster, more composable smart contract execution. The unlock releases 44.81 million SUI tokens worth $42.47 million, representing 1.13 percent of its adjusted released supply.
SUI is currently trading around $0.94, sitting roughly 82 percent below its all-time high of $5.35. That said, the picture isn’t entirely bleak. The 21Shares SUI ETF began trading on Nasdaq in February 2026, and over 74 percent of SUI’s circulating supply is currently staked, a figure that limits how much of any unlock can immediately hit the open market.
CME Group is also scheduled to launch SUI futures trading on May 4, which may draw additional institutional attention to the token just as this week’s supply hits. At 1.13 percent of adjusted released supply, the SUI unlock is the most modest relative figure on the cliff list, manageable if broader market conditions hold.
JUP, the governance token of Jupiter, Solana’s largest decentralized exchange aggregator, faces its unlock on April 28. The event releases 53.47 million JUP tokens worth $9.77 million, split between team allocations and legacy Mercurial stakeholders. JUP is currently priced around $0.18, roughly 90 percent below its all-time high of $2.00.
Despite that, the token has gained around 16 percent over the past seven days, outperforming most of the broader altcoin market. Jupiter directed more than $70 million toward open-market buybacks in 2025 alone, which has helped create a consistent demand-side floor, though the unlock occurs at a moment when momentum could easily reverse.
SIGN, the utility token of the Sign ecosystem, a platform built around onchain contract verification and credential management, is releasing 401.11 million tokens worth $7.05 million, equal to 20.78 percent of its adjusted released supply.
That is the second-highest relative supply increase of any cliff event this week. SIGN is currently trading at around $0.0177, down 87 percent from its all-time high of $0.1311, and has lost nearly 10 percent over the past seven days, heading into its unlock in worse shape than most other tokens on this list.
The combination of a large relative supply increase and a token already under selling pressure makes this one worth monitoring closely. EIGEN, the governance and staking token for EigenCloud, a verifiable cloud computing platform built on the Ethereum restaking protocol formerly known as EigenLayer is releasing 36.82 million tokens worth $6.70 million, representing 7.01 percent of adjusted released supply. EIGEN is currently trading at around $0.18, a stark distance from its all-time high of $5.65.
There’s a specific dynamic worth noting here: when an earlier unlock event hit on April 17, EIGEN actually surged 15 percent in the aftermath, as sell pressure cleared and buyers stepped in.
Whether that pattern repeats depends on how the market is positioned coming into the event and whether the broader restaking sector, still absorbing the aftermath of the $293 million Kelp DAO breach, has stabilized enough to offer support.
OMNI, the token behind Omni Network, a cross-rollup interoperability layer that allows Ethereum applications to operate across multiple Layer 2 networks simultaneously, has a cliff unlock of 7.99 million tokens worth $5.38 million, representing 23.25 percent of its adjusted released supply.
That is the highest percentage figure on the cliff list this week. OMNI has since rebranded to Nomina (NOM) following a token migration, and the old OMNI contract is now effectively legacy.
The token’s all-time high stands at $0.04545, reached in October 2025, and current prices reflect a 94.1 percent decline from that peak. At 23.25 percent of adjusted released supply, even modest selling from recipients could weigh on the thin order book this token currently carries.
GUN rounds out the cliff events with 354.39 million tokens worth $5.30 million, equal to 17.00 percent of its adjusted released supply. GUN is the native token of GunzillaGames, a gaming platform building on-chain infrastructure for Web3 titles.
Linear unlocks: same five, still flowing
The five tokens on the linear unlock list this week are unchanged from the previous period. RAIN leads the pack with 9.50 billion tokens worth $71.65 million flowing gradually through the week, representing 1.99 percent of its circulating supply, the single largest unlock by total value across both tables.
SOL (Solana) continues its rolling linear release with 465,700 tokens worth $40.55 million entering circulation at just 0.08 percent of circulating supply, a negligible relative figure for a token with Solana’s market depth. CC follows at $28.79 million across 191.71 million tokens at 0.50 percent of supply.
TRUMP, the meme token tied to US President Donald Trump, is releasing 6.33 million tokens worth $16.58 million at 2.72 percent of circulating supply. WLD (Worldcoin), the biometric identity project co-founded by OpenAI’s Sam Altman, completes the list with 37.23 million tokens worth $9.70 million at 1.13 percent of supply.
Combined, the linear unlocks represent steady daily pressure across all five assets throughout the week. None of these releases are dramatic in isolation, but cumulatively they add meaningful supply to a market where buyers are not obviously queuing up.
Reading the week ahead
The headline figure is over $300 million, but context matters. SUI’s unlock is large in dollar terms but modest in relative supply impact, and institutional tailwinds, a spot ETF already trading, CME futures incoming, give it something most other tokens on this list lack.
JUP has a buyback mechanism that has historically absorbed unlock pressure reasonably well. EIGEN surprised to the upside after its last unlock, which suggests not every release becomes a selloff.
The tokens deserving the most caution this week are SIGN and OMNI, both carry relatively high adjusted released supply percentages, both are well below their prior highs, and neither has obvious structural demand support going into the events. GUN, with a 17 percent adjusted released supply unlock and limited liquidity in the gaming token sector, is worth keeping an eye on as well.