Haciyev Reşit 
This week’s report provides a detailed look at how improving macroeconomic sentiment is colliding with the largest token unlocks on the crypto calendar, and how these dynamics interact with one another. In particular, the ongoing team unlock pressure for ZRO stands out as a key risk factor for investors, while high-ratio unlocks approaching for PLUME could have a direct impact on short-term market liquidity and price volatility.
Macro Tailwinds Support the Market
Throughout the week, the crypto market maintained a bullish tone. Bitcoin (BTC) and Ethereum (ETH) gained approximately 5–6%, although BTC experienced a sharp drop early in the week, falling to $92,000. Despite this, most of the tokens with the highest supply increases over the past 30 days still managed to deliver positive returns.
Looking ahead, token unlocks scheduled for the coming week could increase short-term supply pressure, marking a period that investors should monitor closely. In dollar terms, PLUME, RIVER, and ZRO are set to see the largest unlocks, with the potential to generate significant market activity both in absolute size and as a percentage of circulating supply.
ZRO (LayerZero)
- Unlock Date: January 20, 2026
- Amount: $42.7 million
- Percentage of Circulating Supply:18%
ZRO is facing the largest dollar-denominated token unlock of the coming week. This event marks the beginning of a two-year vesting cycle, primarily allocated to internal stakeholders.
PLUME
- Unlock Date: January 2026
- Amount: $24 million
- Percentage of Circulating Supply:75%
PLUME is executing one of the most aggressive unlocks in terms of circulating supply percentage.
RIVER
- Market Capitalization: $537.63 million
- Unlocked Token Amount: $9.69 million (1.82% of market cap)
- Date: January 22, 2026
Although RIVER’s unlock represents a relatively small portion of circulating supply, its impact relative to total market capitalization, combined with other major unlocks, makes it an important indicator for short-term price action.
What Are Prices Telling Us?
Current price action suggests that much of the pressure has already been priced in. ZRO is down 50.9%, while PLUME has declined 88.5% since its TGE. This reflects a broader trend seen across many altcoins, where supply is gradually unlocked following high-valuation private rounds. While macro conditions may provide short-term support, large-scale token unlocks continue to keep supply pressure in focus. Buyback programs may help soften this pressure, but in the long run, sustainable tokenomics, fair distribution, and transparency remain the decisive factors.
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