#BigTokenUnlocksAhead

Next week, the crypto market will see a few major token unlocks that could inject fresh volatility particularly from LayerZero’s ZRO, Plasma’s XPL, and MultiBank Group’s MBG. These unlocks are closely watched because they release previously locked tokens into circulation, potentially adding short-term selling pressure if investors or team members decide to take profits.
The largest of the three is ZRO (LayerZero). Around October 20, 2025, roughly 25.7 million ZRO tokens valued at approximately $44 million are scheduled to unlock. This represents about 7.9% of the current circulating supply. Because of LayerZero’s visibility as a leading cross-chain interoperability project, this unlock will likely attract the most market attention. The event could cause short-term volatility, as a sudden increase in available supply may test market demand. However, the project’s strong fundamentals and ecosystem adoption may also help absorb part of that pressure, particularly if buyers see the dip as an accumulation opportunity.
The second major unlock involves XPL (Plasma), expected around October 25, 2025. About 88.9 million XPL tokens, worth roughly $36–37 million, will be released, making up nearly 5% of the current circulating supply. While this unlock is larger in token count than ZRO’s, its impact may be less pronounced due to a smaller percentage of supply and less market liquidity overall. Still, it remains one to watch, especially since multiple large unlocks happening in the same week can amplify cross-market volatility among altcoins.
The third event concerns MBG (MultiBank Group Token), which will see an unlock of approximately 15.8 million tokens, valued near $17 million, around October 22, 2025. Although this is smaller in total value than the others, MBG’s unlock represents a notably high 12% of its circulating supply the largest relative increase of the three. Because MBG trades with thinner liquidity, even modest selling could create sharp price swings, making it a potential high-volatility outlier during the unlock window.
Overall, the ZRO unlock stands out as the most impactful to watch. Its size, timing, and visibility make it a key sentiment driver for the broader market. A smooth reaction — with minimal sell-offs and stable prices — would suggest that liquidity remains strong across the DeFi and infrastructure sectors. Conversely, a steep drop in ZRO’s price could ripple across other tokens, signaling investor caution heading into late October.
Traders and investors should pay attention to a few signals in the days leading up to these events. Rising open interest, positive funding rates, or an increase in exchange inflows might hint at participants preparing to hedge or sell. Conversely, if prices dip early but stabilize ahead of the unlocks, it could indicate that the market has already priced in much of the risk. It’s also crucial to consider who is unlocking the tokens — if these are mostly team or early investor allocations, sell pressure could be stronger than if they are ecosystem rewards or community distributions.
In summary, ZRO’s $44 million unlock is the headline event next week and will likely serve as a gauge for overall market sentiment. XPL and MBG follow in importance — XPL for its scale and MBG for its high percentage of supply. If the market absorbs these unlocks with limited downside, it would reinforce bullish confidence across mid-cap altcoins. But if sell pressure spikes, it could trigger a short-lived correction across the broader crypto landscape.