At the end of October, $650 million in Token supply flooded the market: GRASS, JUP, and ZORA unlocked over $120 million.

In the last week of October 2025, the crypto market will experience a token unlock wave with a total value exceeding $653 million. Among them, Grass (GRASS), Jupiter (JUP), and Zora (ZORA) will release a large amount of new supply. Grass will unlock 181 million tokens (worth about $80 million) on October 28, with 70% allocated to early investors; on the same day, Jupiter will unlock 53.47 million JUP, worth $23.6 million, primarily going to the team and Mercurial stakeholders; Zora will unlock 167 million ZORA (worth $16.3 million) on October 30, allocated to investors, the team, and the treasury. These unlock events may intensify market fluctuations in the short term.

End of October Token Unlocking Wave: $650 Million New Supply Floods the Market

Token unlock is an important supply and demand event in the crypto market, often indicating the risk of price fluctuation in the short term. In the last week of October 2025, the market will see the release of tokens worth over $653 million. Among them, Grass, Jupiter, and Zora are the three most关注 projects, with their unlock details as follows:

1. Grass (GRASS): Investors obtain over 70% supply

Grass allows users to monetize their unused internet bandwidth, rewarding participants through blockchain technology while protecting privacy, in order to build a global data source network. This unlock is the first significant unlock following its Token Generation Event (TGE) in October 2024.

• Unlock Date: October 28
• Unlock quantity: 181 million GRASS ( accounts for 18% of the total supply )
• Value: approximately 80.24 million USD
• Allocation Ratio:
  • Early Investors: 126 million GRASS ( accounts for 70% of the total unlocked amount )
  • Contributor: 55 million GRASS

2. Jupiter (JUP): The team has received most of the unlocked tokens.

Jupiter is a decentralized liquidity aggregator on the Solana blockchain, providing users with optimal prices and minimal slippage by optimizing trading routes across multiple decentralized exchanges (DEXs). This unlocking follows a monthly cliff vesting schedule.

• Unlock date: October 28
• Unlocking amount: 53.47 million JUP ( accounts for 0.76% of the total supply )
• Value: approximately 23.58 million USD ( accounts for 1.72% of the current circulating supply )
• Allocation Ratio:
  • Team: 38.89 million JUP ( accounts for the vast majority )
  • Mercurial Stakeholders: 14.58 million JUP

3. Zora (ZORA): Unlocking the Creator Economy Focus

Zora is a decentralized protocol and social network that supports the creator economy, allowing users to convert digital content (such as posts or images) into tradable crypto tokens. This unlock aims to be distributed to key stakeholders.

• Unlock Date: October 30
• Unlock quantity: 167 million ZORA ( accounts for 1.67% of the total supply )
• Value: approximately 16.3 million USD ( accounts for 4.55% of the released supply )
• Allocation ratio:
  • Investors: 72.5 million ZORA
  • Team: 52.5 million ZORA
  • Treasury: 41.67 million Zora

Market Risk Warning and Operational Suggestions

Token unlock means that new supply will flow into the market, which may lead to selling pressure. This is especially true for projects that allocate a large portion of the unlocked supply to early investors and the team, who often have a lower cost basis and may choose to take profits.

Potential Impact Analysis

• Grass: Early investors receive 70% of unlocked tokens, which may exert the greatest short-term downward pressure on the GRASS price.
• Jupiter: Although the proportion of unlocked tokens to the total supply is low, the team holds most of the tokens, and their willingness and plans to sell will be key.
• Zora: Allocated to investors, teams, and the treasury, its impact depends on the long-term strategies of these holders.

In addition to these three main projects, investors should also pay attention to other notable unlocks this week, including Kamino Finance (KMNO), Optimism (OP), Immutable (IMX), and Sign (SIGN).

Conclusion

Tokens worth over $120 million (from just three major projects) are about to flood the market, and crypto traders should regard this as a significant risk event by the end of October. Investors need to carefully assess the unlocking volumes, distribution targets, and current market sentiment of these projects. Around the token unlocking dates, the relevant tokens may experience higher fluctuations, and it is recommended that holders and potential investors adopt cautious risk hedging strategies to avoid passively bearing selling pressure during peak supply periods.

Disclaimer: This article is for informational purposes only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions with caution.