The week commencing early November 2025 will witness a substantial confluence of token release events, as a cumulative new supply exceeding $312 million is slated to enter circulation through a mix of cliff releases and linear vesting schedules, a development that, given the predominance of large tranches such as Ethena’s 171.88 million ENA tokens (approximately $61.5–63 million and roughly 2.5% of total supply), Memecoin’s 3.45 billion MEME tokens (circa $5.15–5.22 million), and Movement’s 50 million MOVE tokens (around $3.2–3.4 million), materially augments market liquidity, elevates the probability of exchange inflows and attendant selling pressure, and necessitates rigorous on-chain surveillance and exchange flow analysis to distinguish between tokens being redistributed to secondary markets versus those remaining staked or absorbed into protocol treasuries, outcomes which will differentially affect short-term price formation and volatility profiles across low-liquidity memetokens and higher-value protocol assets. This influx of tokens will also impact the liquidity pool dynamics by increasing available supply and potentially altering token ratios within pools.
Observers note that Ethena’s distribution, concentrated among early investors and team allocations and representing a meaningful percentage of circulating supply, presents a heightened likelihood of rapid exchange deposit if recipients prioritize immediate liquidation, a behavior pattern that could propagate downward price pressure and trigger correlated liquidations in leveraged positions, whereas alternative pathways such as internal staking behavior or protocol-directed treasury absorption would attenuate net sell-side pressure and preserve market depth. By contrast, Memecoin’s release, characterized by an immense token count but modest aggregate dollar value relative to larger-cap tokens, is likely to amplify microstructure sensitivity, since low per-token price and shallow order books can magnify proportional price impact from even limited sell-side intent, although staggered community claims and wallet-level retention may diffuse immediate selling pressure and produce a protracted dilution effect rather than an abrupt price shock. Movement’s intermediate-sized distribution, while smaller in value than Ethena’s tranche, remains among the top tier of single-event releases for the period and thus warrants close monitoring of wallet flows for signs of concentrated sell-offs versus redeployment into staking contracts, each scenario imposing distinct short-term liquidity dynamics. Collectively, the cluster of additional mid-sized unlocks compounds systemic risk in altcoin markets already exhibiting constrained sentiment metrics, underscoring the imperative for continuous, on-chain transaction analysis and exchange flow monitoring. Recent market indicators also show rising RRP usage and technical fatigue that could exacerbate volatility, a sign that market liquidity may be more fragile than usual. Additionally, investors should note the week includes large steady releases like SOL linear vesting that will further add sustained supply pressure over several days.
