The crypto market turned slightly bullish this week following a delay in tariff policy changes, though price action remains largely range-bound. Bitcoin holds near all-time highs, while altcoins continue to lag. This week’s report highlights ongoing pressure from high-emission tokens, major unlocks from $CHEEL and $BB, and the TGE of Humanity Protocol ($H), a zk-based digital identity project.
Weekly Unlocks Recap
The crypto market turned more bullish this week following President Trump’s announcement to delay the planned tariff pause from July 9 to August 1. The move eased immediate macroeconomic concerns and provided a short-term boost to sentiment. However, despite the improved outlook, price action remains range-bound, with Bitcoin holding near all-time highs and altcoins still struggling to attract sustained new demand.
Tokens with high emissions continue to struggle as fresh demand remains absent from the market. Many of these projects are not only facing price declines but also seeing their market capitalizations fall — a concerning sign given their growing token supply. This suggests that even as more tokens enter circulation, investor interest isn’t keeping pace, amplifying downward pressure across these names.
Upcoming Events
Next week’s scheduled token unlocks are set to exceed $550 Million in total value. Of this, approximately 10% is classified as insider unlocks under Tokenomist’s framework — referring to allocations designated for founders, core teams, or early investors. Notable tokens facing sizable releases by dollar value include $CHEEL, $SOL, $APT, and $WLD.
Unlocks Spotlight: $CHEEL
- Unlock Date: July 13, 2025
- Amount: $ 107M
- Unlock as % of Circulating Supply: 3.34%
- Current Unlock Progress: 62% unlocked
- Vested Allocations: Cheelee Rewards, Marketing, Liquidity, and Community Airdrop
$CHEEL leads this week in terms of total dollar value unlocked. The upcoming release is spread across multiple allocations, both ecosystem incentives and broader distribution efforts. $CHEEL price has struggled over the past year, with its market cap falling from over $850M to around $200M. As new supply enters the market, investors will be watching closely to see whether renewed incentives can revive user engagement and price momentum.
Unlocks Spotlight: $BB
- Unlock Date: July 12, 2025
- Amount: $ 3.56M
- Unlock as % of Circulating Supply: 10.47%
- Current Unlock Progress: 28% unlocked
- Vested Allocations: Investors, BouceClub & Ecosystem Reserve, Team and Investors
$BB leads this week in terms of unlock size relative to its circulating supply. The majority of the tokens released are allocated to insider cohorts, including early investors and team members. Price performance has been weak, with $BB continuing to slide toward new all-time lows. As supply expands into a market lacking strong demand, concerns around further downside risk may persist unless sentiment or fundamentals shift.
New TGEs on the Radar
This week’s featured TGE is $H (Humanity Protocol), a blockchain project introducing a native Proof of Humanity (PoH) consensus mechanism. It leverages decentralized identifiers (DID), verifiable credentials (VC), and zero-knowledge proofs to establish Sybil resistance and self-sovereign identity — enabling privacy-preserving, human-verified participation across decentralized applications.
$H launched with a 19% initial float, following the common low float, high FDV model. The initial unlocked supply is primarily allocated to community and reserve purposes, while insider allocations — including private investors and the team — are set to begin unlocking one year after TGE. When compared to other zk-based identity and infrastructure projects, $H ranks among the top in market cap, second only to $ZRO (LayerZero), signaling strong early positioning within the category.
Notable Crypto News
Institutional
- Design Giant Figma Goes Public, Reveals $70M Bitcoin ETF Holdings and $30M Ready to Buy More (Cryptonews)
- Metaplanet buys 1,005 Bitcoin to reach 13,350 BTC in total holdings, surpassing Galaxy Digital and CleanSpark (The Block)
- Coinbase acquires LiquiFi, the leading token management platform (Coinbase Blog)
- Robinhood launches layer-2 blockchain for stock trading in Europe (CoinTelegraph)
Regulation
- US SEC hits pause on Grayscale crypto ETF conversion (The Block)
Tokenomics
- Lido DAO Enables Dual Governance, stETH Holders Can Trigger ‘Rage-Quit’ Mode (Unchained)
- $GP, native token of Graphite Protocol, Sees Deflationary Boost from Bonk.fun Revenue (X)
General