While the overall crypto market is dealing with ups and downs dictated by macroeconomic events and is undergoing a sector-wide re-pricing, one key storyline hasn’t really been told: Many of the altcoins that make up this market are getting set to unlock the vast majority of the tokens they hold by the end of 2025.
Surprising as it may seem, this pivotal narrative isn’t quite grabbing the attention it probably should.
Historically, token unlocks have been linked to price risks, with the locked supply gradually coming into the market. In contrast, the almost total unlocking of certain tokens eliminates this persistent overhang. This change has big implications. We’re in a space where Fully Diluted Valuations (FDVs) often cast shadows over market caps and make it hard to see genuine supply-demand dynamics.
With only a few months left until full circulation for many major altcoins, traders and investors might be forgetting about an important inflection point: these projects will soon clear away supply-side uncertainty, probably making the pricing in these markets much cleaner and organic demand much more apparent.
The Final Stretch: What’s Unlocking and When
Upon looking closely, one can see that there are several altcoins whose total token supply is already more than 95% in circulation. Moreover, the remaining portion is set to unlock well before 2025. Here’s some more information about them and some of the main players in this area.
Biconomy ($BICO)
– Left to Unlock: 4%
– Last Unlock Date: September 2025
– Fully Diluted Valuation: $89.1 million
– Upcoming Allocation: Community
Biconomy is a protocol that is simplifying Web3 interactions. It is in the last phase of its token distribution journey, with only 4% of its total supply left to unlock. This supply is earmarked for the community. Consequently, any sell pressure resulting from the allocations that are yet to unlock is minimal, and community-targeted allocations tend to be slower and more cautious in hitting the market compared to investor-and team-targeted allocations. This stroke of allocation luck makes the event relatively low-risk.
Dodo (DODO)
– Percent Remaining to Unlock: 5%
– Total Unlock Date: July 2025
– Fully Diluted Valuation (FDV): $48.3 million
– Allocated to: Community
A decentralized exchange using Proactive Market Making (PMM), Dodo occupies a similar place. There, too, only 5% of the supply remains to be unlocked and the fully diluted valuation (FDV) is just 83.7 million—not much and certainly not large in comparison to some figures that are tossed around at the present time. Most of the dilution is already done there as well, and when 5% does unlock on Dodo, the community-targeted allocation will again help to soften the impact.
Gelato ($GEL)
-Left to Unlock: 3%
– Last Unlock Date: September 2025
– FDV: $19.1 million
– Planned Future Allocation: Team & Foundation
Gelato, a Web3 automation layer, has just 3% of its tokens left to unlock. Unlike BICO and DODO, the tokens going to the team and foundation might introduce more risk. Still, the relatively small FDV limits the downside, especially if the unlock is gradual and transparent.
Cartesi ($CTSI)
– Left to Unlock: 3%
– Last Unlock Date: Dec. ’25
– FDV: *$49.5 mil
– Awaiting Allocation: Reserves
Cartesi makes it possible to scale smart contracts based on Linux and also sits near the completion of its token unlock cycle. The final 3% is set to go into reserves — an allocation that often stays off the market for long periods — which suggests low immediate risk.
VVS Finance ($VVS)
– Unlocking Remains: 3%
– Concluding Unlock Date: November 2025
– FDV:* At $209 million
– Moneys Awaiting Allocation: Team
VVS Finance is one of the higher-FDV projects on this list. Its team allocation is worth monitoring. Team unlocks can create sell pressure. But much of the supply is already in circulation, which helps balance concerns.
These tokens will be fully unlocked by 2025 — and the market isn’t pricing it in.
While many altcoins still carry unlock overhangs, these tokens are nearing 100% circulating supply, removing a key source of supply-side risk.
Check:
– Remaining % to unlock
– Final unlock date
-… pic.twitter.com/00pDXH6o7e— Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) April 9, 2025
Coin98 ($C98)
– Unlocking Remaining: 5%
– Unlock Date Final: June 2025
– Valuation in USD at Full Unlock: 49.7 million
department: Pending Allocation: Community, Treasury, Team.
The unlock saga of Coin98 is more intricate, with the leftover tokens divided among the community, treasury, and teams. Depending on how these groups manage their tokens, there could be varied levels of impact. But with just 5 percent of the tokens left to unlock, the worst is clearly over.
1inch (1INCH)
– Unlocking Remaining: 8%
– Final Unlocking Date: December 2025
– Fully Diluted Valuation: $242 million
– Allocation Pending: Team & Investors
1inch is the farthest from full circulation on this list, with 8% of the supply still locked and destined for insiders. This could create more volatility, especially considering its larger FDV and investor allocation. Still, the unlock horizon isn’t long, and the worst might already be priced in.
Unlocking Opportunity in a Mispriced Market
Despite the market being caught up in macro narratives and the meme coin frenzy, the upcoming full unlocks in a few select digital assets present something of an opportunity for those investors plugged into the real story.
Unlike the typical offer that comes with an initial coin offering (ICO), where tokens are doled out in stages with no expectation that they will be for sale until the offer is exhausted, the day after defined unlock periods end, in this case, defined by the time on the digital clock in the upper right corner of an asset’s UI in its blockchain environment.
In a crypto world where attention and liquidity are everything, projects that have fully circulating supplies and low FDVs may reemerge as the ones allocators like to talk about. The problem is the allocators never seem to talk about them until the market is aware they have been unlocked. This prompts a question: Is the market aware of what it has anyway?
As of now, the clock appears to be ticking, and the opportunity to front-run the entire supply realization may be coming to an end.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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