Unlocking Tokens Week 46: PUMP, APT, STRK, SEI, LINEA, MOCA, LAYER (November 10-16, 2025)

Analytical Review of Upcoming Token Unlocks: PUMP, APT, STRK, SEI, LINEA, MOCA, and LAYER in Week 46 (November 10–16, 2025). Impact on Capitalization, Volatility, and Investor Sentiment.

In the upcoming week, the cryptocurrency market will face a series of significant events – the unlocking of tokens from seven projects, totaling approximately $142 million. For investors, this signifies an additional supply volume entering the market, which may affect the prices of several altcoins. Below is a summary table with key data regarding the forthcoming unlocks, followed by a detailed analysis of the impact of each event and an overall market overview.

PUMP (Pump.fun)

PUMP, the token of the Pump.fun platform, will experience an unlock on November 15, amounting to 10 billion PUMP, which constitutes 1.0% of the total supply, equivalent to approximately $41.6 million. This one-time release corresponds to about ~2.8% of the current market capitalization of PUMP. The Pump.fun project serves as a Solana platform for launching meme tokens (a SocialFi launchpad), which gained rapid popularity in 2025. High market activity is confirmed by trading volumes of PUMP, which recently exceeded $396 million daily – such liquidity theoretically enhances the chances of absorbing the additional supply without a dramatic impact on the token's price. However, investors are cautious of volatility: after a rapid rise, the price of PUMP is currently about 50% below its September peak. The upcoming token unlock (likely intended for early investors or the team) will serve as a test of sentiment – whether confident demand for meme tokens will persist, or if the increased supply will exert downward pressure on the price of PUMP in the short term.

APT (Aptos)

Aptos (APT) will unlock 11.31 million APT tokens on November 13, representing 0.96% of its total supply, valued at around $36 million. This volume is equivalent to ~1.6% of Aptos' market capitalization. Currently, approximately 46% of APT tokens are circulating, and regular monthly unlocks are part of the project's initial tokenomics (the releases are distributed among investors, the core team, and the community fund). Aptos is a layer 1 blockchain launched in 2022 and backed by major venture funds, hence token unlocks draw significant attention from a broad audience of investors. Historical price dynamics around such events have been mixed: for instance, following a May unlock, APT dropped about 5%, while an April release coincided with a price increase of approximately 3.6%. Since the beginning of the year, the price of the Aptos token has declined about 29% (as of November 9, 2025), indicating cautious investor sentiment towards altcoins. An incoming supply of ~11 million tokens may heighten volatility and exert pressure on the price of APT unless buyer demand increases proportionately. Conversely, Aptos has fundamental demand drivers: the ecosystem is actively developing, the volume of stablecoins based on Aptos reached ~$1.8 billion (+49% in October), partnerships are emerging (e.g., integration with PayPal PYUSD), and real asset use cases are developing. These factors increase the utility of the network and may partially offset the impact of the unlock, maintaining investor interest in the token.

STRK (StarkNet)

StarkNet (STRK), a promising layer 2 solution on Ethereum (ZK-rollup), will unlock 127.6 million STRK tokens on November 16 (approximately 1.28% of the total token supply) valued at $18.9 million. Relative to the project's capitalization, this constitutes a significant increase of (~2.8%) in new supply. Currently, only ~23.8% of the total STRK supply is circulating, reflecting a long linear vesting schedule for the team, early contributors, and the community. From a technical standpoint, StarkNet has achieved success – its total value locked (TVL) increased by 550% in 2024, indicating growth in DeFi activity within the ecosystem. However, the token's price faces downward pressure due to its high total supply: since its launch in February 2024 (when STRK reached ~$4), the price has plummeted more than 90%, settling at about ~$0.18. The forthcoming unlock may be linked to rewards for early investors or the project fund, increasing circulating supply by less than 2%, but given the low liquidity of this altcoin, the effect could be significant. Investors are wary that the additional supply may exacerbate the token's price volatility, especially since less than a quarter of the maximum supply is currently in circulation. On the other hand, if confidence in StarkNet's long-term potential remains high (for example, due to the implementation of new dApps and user influx), the market may relatively smoothly absorb the additional ~$19 million in new tokens. Investor attention will focus on whether there will be a wave of selling post-unlocking or if the project can maintain its price driven by the fundamental appeal of the technology.

SEI (Sei Network)

Sei Network (SEI), a specialized L1 blockchain for trading, anticipates unlocking 95.15 million SEI tokens (approximately 0.95% of the total supply) on November 16, equivalent to about $17.5 million at the current rate. This increase represents ~1.5% of SEI's market capitalization. A distinguishing feature of Sei is that the vast majority of tokens are already on the market – according to CryptoRank, over 74% of the supply is currently unlocked, largely due to a substantial airdrop and the launch of the network in 2023. Accordingly, the remaining planned releases (less than 26% of the total) are spread over an extended period, and a one-time increase in circulation of 0.95% does not appear critical. However, in the context of the overall cautious sentiment in the altcoin market, even this increase in supply could temporarily amplify the token SEI's price volatility, especially if the current trading liquidity is low. Investors will pay close attention to how quickly the market can absorb the additional ~95 million tokens. If demand from traders on the Sei platform or new listings compensates for dilution, the impact on the price will be moderate. Otherwise, price fluctuations around the unlock event are expected, although the scale of the impact on SEI is anticipated to be less significant than that of projects with lower current float.

LINEA (Linea)

Linea, a new Layer 2 from ConsenSys, will release a significant volume on November 11: 1.02 billion LINEA tokens (approximately 1.42% of the total supply) with an estimated value of $12.87 million. Relative to the size of the project, this is a notable addition – about 6.5% of Linea's market capitalization. Currently, only ~23% of the LINEA supply is circulating, so the increase in circulating volume by over 1 billion tokens will sharply elevate the available supply (analysts estimate a rise of ~16% relative to the current circulation). The vesting of the Linea token is primarily aimed at ecosystem development: the bulk of the unlockable tokens is intended for the community (e.g., future airdrops for users) and strategic consortium partners. Effectively, in dollar terms, the upcoming LINEA release is one of the largest of the week. The market effect will depend on the behavior of the recipients of these tokens. If airdrop holders (including retail investors) decide to take profits, there could be downward pressure on the price of the Linea token. However, distributing tokens among a large number of participants and Linea's status as a promising technological platform (the token acts as gas in the network and incentivizes developers) may facilitate the market's gradual absorption of the new supply. For altcoin investors, the first trading day after November 11 will be telling: the absence of a sharp price decline would signal sufficient liquidity and confidence in the project, while a significant drop would indicate a predominance of sellers.

MOCA (Mocaverse)

Mocaverse (MOCA), associated with the Animoca Brands ecosystem, will unlock 202.29 million MOCA tokens (approximately 2.28% of the total supply) on November 12, with an estimated total value of $8.36 million. The new tokens will comprise ~5.1% of the market capitalization of the project, while the circulating supply will rise from the current ~47% to about 49–50%. The Mocaverse project is a metaverse and NFT collective club from Animoca (with 8,888 "Mocas" NFTs), and the MOCA token serves governance and participation in the ecosystem. The token's launch occurred in 2025 through a combined distribution: part went to NFT holders (airdrop), part to strategic partners and investors, along with a public sale for the community. Most Animoca investors agreed to long lock-ups: for instance, 90% of tokens for early investors have been locked until Q4 2025 – and this category likely forms the basis for the upcoming unlocking. For the market, unlocking ~2.3% of the MOCA supply will serve as a test of the current interest in metaverse tokens. MOCA's liquidity is relatively low (total capitalization around $368 million), so the additional supply may increase the token's price volatility. Nevertheless, Animoca Brands is taking steps to support the long-term interest of investors: recently, the MocaPortfolio platform was launched with a $20 million fund aimed at incentivizing MOCA and Mocaverse NFT holders. Such initiatives demonstrate a focus on long-term development, which may encourage some holders to refrain from immediately selling tokens. Investors are keenly observing how well the project navigates this unlocking phase – an absence of a sharp price drop would signal resilience, while a sell-off could undermine confidence in this altcoin.

LAYER (Solayer)

Solayer (LAYER) will unlock 26.39 million LAYER tokens (approximately 2.64% of the total supply) on November 12, with a total estimated value of $6.70 million. Relative to the current capitalization, this is the most significant figure among the seven projects – the new tokens equate to ~12% of Solayer's market capitalization. Currently, only ~29% of the maximum LAYER supply is circulating, indicating a notable increase in market supply. Solayer is a high-performance blockchain that expands the capabilities of Solana VM through hardware acceleration of computations. The LAYER token debuted in early 2025 and experienced a tumultuous surge: by May 2025, the price reached an all-time high of ~$3.41, followed by a sharp decline of ~60% within days, triggered by a previous substantial token unlock: in mid-May, the project released ~27 million LAYER tokens (almost 13% of the supply), leading to mass sell-offs and the departure of a major holder. Since then, investor sentiment has worsened, with the token declining over 90% from peak levels, stabilizing around $0.25–0.30 in the fall. The new unlock creates a risk of short-term pressure on the token's price. An additional 2.6% supply, especially in a market with limited LAYER liquidity, could heighten volatility. Many holders recall the May precedent and may act preemptively, further amplifying fluctuations. However, the Solayer team reveals long-term goals and gradual distribution of fund tokens over several years. In the near term, the market's response to the LAYER unlock will serve as an indicator of investor sentiment towards smaller infrastructural altcoins – either confidence in technological value will prevail (and then the price will stabilize), or the predominance of sellers will lead to a new wave of declines.

Market Context and Impact of Mass Unlocking

Investor sentiment in the cryptocurrency market remains mixed in the first half of November. Following a confident rally in Bitcoin during the autumn, there was a retracement: last week BTC dipped below the psychological threshold of $100,000 for the first time in several months, triggering volatility and liquidations in the derivatives market. This decline in the leading cryptocurrency has exerted pressure on altcoins – many have fallen in price, and the overall risk appetite among investors has weakened. Analysts note, "the market is absorbing a sharp correction; liquidity in major coins has decreased, and investor sentiment in the altcoin sector remains cautious." However, certain segments have shown spikes in activity: for example, privacy coins (Zcash, among others) have surged to multi-year highs amid increased demand for privacy, indicating selective interest among market participants.

The mass unlocking of tokens in week 46 occurs against a backdrop of a moderately unstable market. A total of approximately $142 million in altcoin equivalents will transition from being locked to free circulation in just a few days. This inevitably raises liquidity questions: can buyers rapidly absorb the increased volume supply without significant price imbalances? If demand from speculators and long-term investors proves insufficient, the new tokens may amplify downward pressure on the valuations of the corresponding projects. Analysts highlight that one-time "cliff" unlocks are particularly prone to trigger volatility spikes, as the sudden increase in circulating supply often leads to sell-offs – participants attempt to outpace one another in exiting their positions. In a context of declining liquidity in altcoin markets (many traders have shifted their focus to major coins), even relatively small absolute sales can significantly impact prices.

Conversely, token unlocks are expected events and part of project strategies. Such occurrences reflect a transition to a new stage: projects fulfill commitments to early investors, the team, or the community, indicating their development and maturity. In some cases, the market has already accounted for (discounted) the forthcoming increase in supply, and a negative response may already be priced in before the actual unlocking event. Moreover, gradual token releases (especially with linear vesting) often occur without dramatic consequences if the project's fundamental indicators improve. In our case, some of the major unlocks of the week are linked to projects that maintain interest (new technologies, active communities). For instance, Aptos shows growth in on-chain activity, and Animoca supports the value of MOCA with initiatives for holders. This provides grounds to believe that not all tokens will inevitably crash – much will depend on whether investors are prepared to capitalize on price dips through purchases.

Overall, the upcoming week will serve as a test for the altcoin segment. The simultaneous market entry of a significant volume of new tokens will assess market depth and buyer readiness. If negative surprises can be avoided – meaning prices remain close to current levels despite dilution – this will boost investor confidence and indicate sufficient liquidity in the cryptocurrency market. However, should mass unlocks trigger a chain reaction of sell-offs and a sharp increase in volatility, increased caution can be expected: market participants will adopt a more skeptical view of altcoins with upcoming emissions. A business-style analysis dictates refraining from price predictions or recommendations, but one thing is clear: investors from the CIS countries and around the world are closely monitoring these events. The balance between supply and demand, as reflected in week 46, will provide valuable signals regarding the maturity and resilience of the altcoin market by the end of 2025.