(HedgeCo.Net) A significant liquidity event in the crypto market is underway: over US$650 million worth of tokens across major projects are scheduled to unlock in the final days of October 2025. TodayOnChain.com
Breakdown of the unlocks
- GRASS: ~181 million tokens (~18% of supply) unlocking on October 28. TodayOnChain.com
- JUP (Jupiter): ~53.5 million JUP unlocking on October 28. TodayOnChain.com
- ZORA: ~166.7 million tokens unlocking on October 30. TodayOnChain.com
Why this is a market focal point
- Supply pressure: A large unlock means new tokens will enter the circulating supply, which can exert downward pressure on price if demand doesn’t absorb them.
- Wallet movement risk: Tokens held by early investors or team members may get liquidated or redistributed, increasing volatility.
- Signal of maturity: Token unlock schedules reflect project maturity, vesting schedules and ownership dilution risks — key factors for investors in tokenomics.
Market implications
For traders and investors, this event raises both opportunity and risk. On one hand, anticipation of the unlock might already be priced in; on the other hand, if large holders move, price dips or spikes could happen rapidly.
It also calls attention to the importance of token economics — supply flows, vesting schedules and unlock timing are becoming increasingly material in crypto decision-making.
What to watch
- Price movement of GRASS, JUP, ZORA immediately following the unlock dates.
- On-chain tracking: Are large wallets moving tokens? Are exchanges receiving large deposits?
- Communication from project teams: Are they locking/unlocking tokens for strategic reasons, or is the market left blind?
- Overall market liquidity and sentiment: A large unlock in a weak market may trigger sharper impact than in a bullish environment.
Verdict
Token unlocks of this size underscore how crypto is maturing into a capital markets-style asset class — where issuance schedules, dilution risk and supply dynamics matter. Investors should not treat tokens purely like equities or simple digital assets; the underlying mechanics of token release and supply change are increasingly critical. For those with exposure to GRASS, JUP, ZORA (or other upcoming unlocks), staying alert to unlock dates, wallet flows and market readiness will be key.