Weekly Unlock Digest - Week 4, July 2025
Crypto markets extended their bullish trend this week, led by fresh all-time highs from Bitcoin and a strong comeback from Ethereum. Positive sentiment was reinforced by growing institutional participation, increased treasury adoption, and resilient price action across many altcoins — even in the face of heavy token unlocks. In this week’s report, we cover the notable $AVAIL unlock, upcoming emission events worth over $500M, and Eclipse Protocol’s TGE as $ES hits the market under a low-float structure.
Weekly Unlocks Recap
Bitcoin continued its strong rally this week, breaking above $122,000 to set a new all-time high. However, Ethereum outpaced BTC in percentage gains, climbing above $3,700 — a level last seen in February 2025.
ETH’s resurgence is largely driven by a wave of corporate treasury allocations, with over 10 companies now collectively holding more than $2.5 billion worth of ETH. This trend reflects growing appreciation for Ethereum’s staking yield, which offers companies a productive way to park idle capital.
In parallel, institutional demand is also surging. Spot ETH ETFs saw record-high inflows this week, fueled in part by basis trade strategies. This dynamic is visible in the rising short ETH positions on CME, suggesting institutions are hedging spot exposure with futures to capture yield from the price differential.
With bullish momentum continuing across the market, many tokens have managed to post strong gains despite undergoing significant unlocks over the past 30 days. This suggests that current market conditions are helping absorb supply-side pressure, reducing the typical negative impact of large token releases.
Upcoming Events
Next week’s scheduled token unlocks are set to exceed $510 Million in total value. Of this, approximately 5.31% 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 $SOL, $TRUMP, $WLD, $AVAIL, and $VENOM.
Unlocks Spotlight: $AVAIL
- Unlock Date: July 23, 2025
- Amount: $ 19M
- Unlock as % of Circulating Supply: 38.28%
- Vested Allocations: Core Contributors, Investors, Ecosystem Development, and Community & Research
$AVAIL leads this week’s unlock schedule, topping the chart both in dollar value and percentage relative to its current circulating supply. The upcoming unlock marks the project’s first major cliff event since TGE.
Most of the tokens set to be released are allocated to early investors and core contributors. As such, this unlock could introduce meaningful supply-side pressure, especially given the scale relative to what’s currently in circulation. Market participants will be watching closely to gauge how these stakeholders behave in the early post-unlock period.
New TGEs on the Radar
This week’s notable token generation event is $ES, the native token of Eclipse Protocol — a Layer 2 solution designed to combine Solana’s high throughput with Ethereum’s deep liquidity. By leveraging the best of both ecosystems, Eclipse aims to offer a fast and composable environment for developers and users alike.
Backed by over $65 million in funding from investors including Polychain Capital, the project entered the market with high expectations. However, its launch has faced a rocky start — with the current market cap sitting around $35 million, ICO investors are currently posting over a 20% loss.
The $ES token follows a low-float, high-FDV structure, with just over 10% of the total supply unlocked at launch. This initial float is primarily allocated for airdrops and liquidity, leaving a large portion of the supply still locked. Given the constrained float and early sell pressure, market participants are closely watching to see whether demand can catch up to valuation in the near term.
Notable Crypto News
Institutional
- Cantor Fitzgerald SPAC in Talks for $4B Bitcoin Deal With Blockstream’s Adam Back (Decrypt)
- Peter Thiel-backed entities acquire 9.1% stake in Ethereum treasury firm BitMine Immersion (The Block)
- Jack Dorsey's Bitcoin-centric Block Inc to join S&P 500 this week (The Block)
Regulation
- US House advances Crypto Genius Act, Clarity Act & Anti‑CBDC Act. (WatcherGuru)
Tokenomics
- Pump.fun Swiftly Raises $500M in Public Sale at $4B Fully Diluted Valuation (CoinDesk)
- World Liberty plans to unlock WLFI token transferability within two months as pre-market trading pushes it to 11th-largest market cap (The Block)
General