Quick Take
  • The crypto market is bracing for significant token unlocks in the fourth week of October 2025, with millions in new token supplies set to hit the market.
  • Three prominent projects—LayerZero (ZRO), Plasma (XPL), and Soon (SOON)—will release previously unlocked tokens.
  • These unlocks might lead to market volatility and influence price movements in the short term.
  • Here is a breakdown of what to watch for in each project.

What Happened

1. LayerZero (ZRO)

Unlock Date: October 20

Number of Tokens to be Unlocked: 25.71 million ZRO (2.57% of Total Supply)

Market Context

The crypto market is bracing for significant token unlocks in the fourth week of October 2025, with millions in new token supplies set to hit the market. Three prominent projects—LayerZero (ZRO), Plasma (XPL), and Soon (SOON)—will release previously unlocked tokens.

These unlocks might lead to market volatility and influence price movements in the short term. Here is a breakdown of what to watch for in each project.

Why It Matters

Current Circulating Supply: 111.15 million ZRO

Total Supply: 1 billion ZRO

Details

LayerZero is an omnichain interoperability protocol that enables seamless communication across different blockchains. It supports censorship-resistant, permissionless development with immutable smart contracts.

On October 20, LayerZero will unlock 25.71 million ZRO tokens, valued at approximately $42.68 million. The unlock accounts for 7.86% of its current released supply.

Strategic partners will receive 13.42 million ZRO. The allocation also includes 10.63 million tokens for core contributors and 1.67 million ZRO for tokens repurchased by the team.

2. Plasma (XPL)

Unlock Date: October 25

Number of Tokens to be Unlocked: 88.89 million XPL (0.89% of Total Supply)

Current Circulating Supply: 1.8 billion XPL

Total supply: 10 billion XPL

Plasma is a Layer 1 blockchain platform built to enhance the efficiency and scalability of stablecoin transactions. It enables zero-fee USDT transfers, allows the use of custom gas tokens, supports confidential payments, and delivers the throughput required for global-scale adoption.

Plasma will release 88.89 million XPL near the end of this week, on October 25. The tokens are worth $36.27 million. Moreover, they account for 4.97% of the current circulating supply.

The team will direct all of the 88.89 million XPL to the ecosystem and growth.

3. Soon (SOON)

Unlock Date: October 23

Number of Tokens to be Unlocked: 15.21 million SOON (1.55% of Total Supply)

Current Circulating Supply: 272.4 million SOON

Total Supply: 981.8 million SOON

SOON is a high-performance Solana Virtual Machine (SVM) Rollup, designed to implement the Super Adoption Stack. It includes three main components: SOON Mainnet, SOON Stack, and InterSOON.