The crypto market saw a slight rebound this week, with Bitcoin reclaiming the $100K level amid easing geopolitical tensions between Iran and Israel. However, many altcoins continue to struggle, especially those facing persistent sell pressure from recent unlocks. Tokenomics remains a key concern, as investors scrutinize supply growth and allocation transparency. This week’s report covers major unlocks from $SUI and $SPEC, the ongoing underperformance of high-emission tokens, and two new AI-focused TGEs — $NEWT and $SAHARA — entering the market with contrasting float strategies.
Weekly Unlocks Recap
The crypto market saw a slight rebound this week, led by Bitcoin climbing back to the $100K level. The move follows a temporary easing in geopolitical tensions between Iran and Israel, which had previously weighed on sentiment. However, overall uncertainty remains high, keeping investors cautious despite the short-term recovery.
Tokens with high supply growth over the past 30 days continue to underperform. In the absence of strong narratives to drive demand, many of these tokens struggle to find support. With token transparency becoming an increasingly discussed topic in the industry, tokenomics remains a key factor investors are watching closely — especially as more projects face growing scrutiny over unlock schedules and allocation practices.
Upcoming Events
Next week’s scheduled token unlocks are set to be around $575 Million in total value. Of this, approximately 26% 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 $SUI, $SOL, $ENA, $WLD, and $TRUMP.
Unlocks Spotlight: $SUI
- Unlock Date: July 1, 2025
- Amount: $119 M
- Unlock as % of Circulating Supply: 1.30%
- Current Unlock Progress: 34% unlocked
- Vested Allocations: Series B, Community Reserve, Early Contributors, and Mysten Labs Treasury
$SUI leads this week in terms of total unlock value. The upcoming release is split between insider cohorts and the community, continuing its mixed allocation approach. While some of the unlocked tokens are allocated to insiders and others to community reserves, the overall impact will depend on how these tokens are utilized or distributed — rather than the cohorts themselves.
Unlocks Spotlight: $SPEC
- Unlock Date: July 6, 2025
- Amount: $3.29 M
- Unlock as % of Circulating Supply: 17.57%
- Current Unlock Progress: 18% unlocked
- Vested Allocations: Investors, Community, and Core Contributors
$SPEC leads this week in terms of highest unlock relative to its circulating supply. The newly released tokens are largely allocated to insider cohorts, including early investors and core contributors. Price action ahead of the unlock has already been weak, raising concerns about how the market might absorb the additional supply. With sentiment already fragile, this unlock could further test investor confidence in the project.
New TGEs on the Radar
This week’s new token generation events spotlight two AI-focused projects: $NEWT (Newton Protocol) and $SAHARA (Sahara AI). Both tokens enter the market as part of the growing wave of AI narratives in crypto.
From a tokenomics perspective, $SAHARA launched with a very low float — just 7% of the total supply unlocked — fitting the typical low float, high FDV model. In contrast, $NEWT debuted with a moderate 30% initial supply, offering slightly more immediate liquidity. While SAHARA allocates a larger portion to the community, a majority of that allocation remains TBD, leaving questions about future distribution and sell pressure.
When benchmarked against more established names in the AI category, both $NEWT and $SAHARA are still small in terms of market cap and visibility, which could offer upside — or highlight their early-stage risk — depending on market appetite and project traction.
Notable Crypto News
Institutional
- Kraken to compete with Venmo and PayPal with new cross-border payments app Krak (The Block)
- CoreWeave makes another bid to acquire Bitcoin miner Core Scientific (The Block)
- Metaplanet Raises $515M to Buy More Bitcoin (Bankless)
- SharpLink Gaming expands crypto treasury to 188,478 ETH in second ether acquisition (The Block)
Regulation
- Arizona lawmakers advance bill to establish crypto reserve using seized funds (The Block)
- Senate Banking Committee Sets Out Plan For Crypto Market Rules (Decrypt)
Tokenomics
- Sky approves $1 billion allocation for Janus Henderson's on-chain fund using fresh-out-of-stealth Grove infrastructure (The Block)
General
- Trump-linked World Liberty sells $100 million in WLFI tokens to UAE-based fund (The Block)
- Prediction market Kalshi raises $185M at $2B valuation (CoinTelegraph)