The crypto market is bracing for a wave of token unlocks worth more than $655 million in the last week of May. Three projects — Huma Finance, Plasma, and Sahara AI — account for the bulk of the releases, with Huma alone unlocking nearly 459 million tokens on May 26. The scheduled unlocks could test near-term demand across several mid-cap tokens.
Huma Finance unlocks $11.6M in tokens
The biggest single unlock of the week belongs to Huma Finance. On Tuesday, May 26, the protocol will release 458.75 million HUMA tokens, worth roughly $11.64 million at current prices. That represents 20.04% of its released supply — a hefty chunk for one day.
Huma’s total supply sits at 10 billion HUMA, but only 2.29 billion tokens have entered circulation so far. The unlock is split three ways: investors get 171.67 million tokens, the team and advisors receive 160.83 million, and the protocol treasury takes 126.25 million. That means a chunk of the released tokens could hit the open market quickly, depending on investor and team selling plans.
Plasma and Sahara AI follow
Plasma (XPL) starts the week with an unlock on May 25 — today. It’s releasing 88.89 million tokens worth $7.24 million, or 3.69% of its released supply. All those tokens go to ecosystem and growth programs, so they may be drip-fed rather than dumped at once.
Sahara AI (SAHARA) unlocks 132.93 million tokens on May 26, worth $4.56 million. That’s 4.06% of its released supply. The allocation is earmarked for ecosystem development (53.02 million), airdrops (48.67 million), and community incentives (31.25 million). Airdrop recipients often sell quickly, so that portion could create short-term selling pressure.
Other tokens hitting the market
A few more projects are scheduled to unlock tokens in late May, though the numbers aren’t as large. Venom (VENOM), Sophon (SOPH), and Sign (SIGN) all have releases coming, adding to the total that pushed past $655 million for the week. The cumulative effect — multiple unlocks within days — tends to amplify price moves, especially for tokens with thinner liquidity.
The market’s reaction to these releases will depend on how much of the unlocked supply actually moves. Some tokens are locked up in vesting contracts that vest linearly, so the “unlock” is more of a cap increase than a one-time dump. Still, the sheer size of Huma’s unlock — over 20% of released supply in a single day — makes it the one to watch.
