The cryptocurrency market is once again preparing for an influx of newly released token supply toward the end of the year, with December emerging as one of the busiest months for scheduled token unlock events. Large-scale token distributions often influence short-term market dynamics, affecting price action, sentiment, and the accumulation or distribution strategies of token holders.

According to data from CryptoRank, the total value of tokens set to unlock throughout December 2025 exceeds US$1.8 billion, or roughly Rp30 trillion. From this amount, five projects stand out as having the largest unlock schedules that traders and investors should monitor closely.

Sui (SUI)

Unlock Date: December 1, 2025
Tokens Released: 55.54 million SUI (0.56% of max supply)
Unlock Value: US$75.08 million

SUI is the native asset of the layer-1 blockchain developed by Mysten Labs, emphasizing high scalability and rapid transaction throughput. This month’s unlock involves five key categories: Community Reserve, Staking Subsidies, Series B, Early Contributors, and the Mysten Labs Treasury. Each category accounts for between 1.19% and 2.78% of its total token allocation.

Following this distribution, SUI’s circulating supply has risen to approximately 37.4% of its maximum supply, totaling about 3.74 billion tokens in circulation.

Aster (ASTER)

Unlock Date: December 17, 2025
Tokens Released: 78.41 million ASTER (0.98% of max supply)
Unlock Value: US$76.38 million

ASTER is the native token of Aster DEX. The December unlock focuses on the Ecosystem and Community categories, releasing 3.27% of the total supply. After this event, approximately 30.6% of ASTER’s supply remains locked, from a total supply of 2.45 billion tokens.

LayerZero (ZRO)

Unlock Date: December 20, 2025
Tokens Released: 24.68 million ZRO (2.47% of max supply)
Unlock Value: US$32.11 million

LayerZero is a cross-chain interoperability project. This month’s ZRO distribution is allocated across three groups: Strategic Partners, Core Contributors, and Token Repurchased — each representing around 4% of their respective allocations.

Currently, around 42.3% of the total ZRO supply, or roughly 422.76 million tokens, remains locked.

Pump (PUMP)

Unlock Date: December 14, 2025
Tokens Released: 10 billion PUMP (1.00% of max supply)
Unlock Value: US$28.32 million

This PUMP unlock is sourced from the Community & Ecosystem Initiatives category, distributing 4.17% of the total supply in a single batch.

PUMP still holds a significant portion of its supply locked, with about 60% of the 600 billion total supply not yet circulating.

Ethena (ENA)

Unlock Date: December 2, 2025
Tokens Released: 94.19 million ENA (0.63% of max supply)
Unlock Value: US$22.07 million

ENA is the native token of Ethena Labs. December’s unlock includes two primary categories: Ecosystem Incentives and Foundation, allocated at 1.19% and 1.81% respectively. Currently, around 50.3% of ENA’s total supply remains locked out of a maximum supply of 7.55 billion tokens.

With total unlock values reaching tens of trillions of rupiah, December stands out as one of the busiest months for token unlock activities in 2025.

Although not all unlock events lead to immediate price movements, the scale of these distributions often draws significant attention as they can impact short-term liquidity conditions and token distribution patterns across individual ecosystems.