In the week starting from May 25, multiple projects are set to unlock, and according to various statistics, the nominal scale planned for release this round is described as exceeding 30 million dollars, with the three most discussed names being Humanity (H), HUMA, and XPL. It has been confirmed that Humanity (H) unlocked 103 million tokens as scheduled on May 25, becoming the first significant release event of the week; at the same time, unverified information indicates that XPL plans to unlock approximately 89 million tokens this week, with a nominal value of about 7.4 million dollars, while HUMA is expected to unlock around 459 million tokens within the same period, with a nominal value of about 10.6 million dollars, regarded as a significantly enlarged release point so far. On a macro emotional level, a recent report from OCBC Bank suggests that tensions between the US and Iran are likely to ease, which could strengthen global risk assets, providing a certain emotional endorsement for high-risk assets including cryptocurrency, making this week’s large unlock seem more like a positive confrontation between new chips and risk preferences: on one side is the scheduled selling pressure, while on the other is the supportive external optimism. In the absence of more granular on-chain holding and selling data, how the market re-prices between these two forces becomes one of the key observational variables of the week.

This Week's Unlocking Landscape: Concentrated Releases of HUMA and XPL

If the unlocking of 103 million tokens by Humanity (H) on May 25 is the "opening act" of the week, then attention in the following days quickly converges towards HUMA and XPL. According to various statistics, the nominal scale of planned token unlocks across multiple projects this week is described as exceeding 30 million dollars, with unconfirmed data indicating that XPL may unlock approximately 89 million tokens within this period, corresponding to about 7.4 million dollars, or roughly 3.69% of its current circulation; in the same batch of data, HUMA is reported to plan to unlock approximately 459 million tokens, with a nominal value of about 10.6 million dollars, described as about 20% of its circulation. It is important to emphasize that these specific figures regarding XPL and HUMA have not yet received complete confirmation from the project authorities or mainstream data providers, currently resembling a "sketch" on the chip map, rather than precise coordinates on which conclusions can be drawn.

In terms of timing, this round of concentrated release is not a last-minute decision but stems from the early contractual release arrangements of the projects. Previously, HUMA's unlocking scales were relatively mild, with this week being regarded as a significant enlarging point, whereas XPL's release rate of about 3.69% appears more like a "regular quota." With the increase in supply, some projects release nearly one-fifth of the circulation at once, while others maintain single-digit percentages. In the absence of more granular on-chain holding structures and actual selling behavior data, this difference in unlocking ratios already delineates a clear boundary for how the market could assess the price sensitivity of different tokens going forward.

Humanity's 103 Million Token Unlock

Compared to the unlocking expectations still listed on the schedule, Humanity (H) has already implemented the release on May 25, 2026: a one-time unlock of 103 million tokens, directly entering the statistics of over 30 million dollars of total unlock scale this week and naturally regarded as one of the larger single-project events of the week. For holders and potential buyers, this means the anticipated "increase in issuance" has moved from the calendar to the market, and unlocking is no longer just an exaggerated story, but a reality embedded in the chip structure.

However, where these 103 million tokens will land, and the pace at which they will enter the secondary market, currently has almost no reliable clues from the outside world. Public materials neither provide an accurate comparison of Humanity's price and total market value before and after the unlock, nor are there detailed distribution breakdowns by team, investors, ecological rewards, etc. In this information vacuum, the simple analogy of "large unlock = short-term crash" is more of an emotional vent than a data-based conclusion. Especially in the macro context described by OCBC Bank, where sentiment for risk assets may be improving, the market's ability to digest the new chips is likely to be more complex than merely considering quantity. The true pricing of this Humanity unlock can only gradually take shape as subsequent trading intervals and on-chain address behaviors are revealed.

High Proportion Unlock Expectation for HUMA

Shifting focus from Humanity to HUMA, market sentiment has suddenly tightened largely due to the sufficiently high "proportion" this time. There are reports that HUMA plans to unlock approximately 459 million tokens this week, described as about 20% of the current circulating supply, with a nominal value of around 10.6 million dollars; in contrast, the unlocking proportion for XPL mentioned this week is only around 3.69%. In the same time window, one side features the already executed Humanity unlock, while the other side envisions a potential release of HUMA being seen as "one fifth of the circulating market," making the narrative's impact more likely to focus on HUMA, generating worries that it might become the "main character" in this week’s selling pressure discussions.

However, it is necessary to repeatedly emphasize that these figures regarding HUMA are marked in the original materials as information pending verification, and there has not yet been cross-confirmation from project officials or authoritative data platforms. Existing materials also do not provide a complete history of the unlocking rhythm for HUMA, only mentioning that previous scales were smaller, with this week viewed as a significantly enlarged release event. In this situation of high proportion unlock expectations, but still vague details, a more realistic choice for participants often involves closely monitoring the lock-up structure: whether these unlocking quotas mainly correspond to teams, early investors, or ecological incentives, whether they are more likely to negotiate transfers in the primary market, or directly flow to the secondary market. At the same time, in the absence of specific on-chain holding and selling path data, what may truly determine HUMA's medium to long-term trajectory is not the nominal unlock amount for a single week, but the willingness of the holders of the new chips to hold long-term and continue to absorb.

Unlocking Meets Macroeconomic Optimism: Can Selling Pressure Be Digested?

Shifting perspective from a single project to the overall situation, this week’s batch of unlocks totaling nominally over 30 million dollars starting from May 25 has placed the contradictions on display: on one side are the new chips introduced by Humanity (H), HUMA, and XPL, and on the other is each project's attempt to narrate a longer value story. During this optimistic macro phase, price trends are more likely to depend on whether narratives can support expanded supply on the books. What is noteworthy going forward are several variables: first, how the project parties continue to disclose and explain the unlock arrangements, especially with H's unlocking time and amount confirmed, while HUMA and XPL's unlocking scales remain to be verified; whether they can clearly articulate "who is unlocking, who is receiving it, and what they will do with it" is crucial; second, if more detailed on-chain holding structures and address-level data emerge later, whether the core addresses are notably reducing their holdings, or whether chips are transferring from early institutions to more decentralized wallets, will directly impact the market’s judgment on the sustainability of selling pressure; third, investors need to maintain sensitivity to sources of information and data metrics before and after unlocking, differentiating "confirmed" on-chain and announcement information from "pending verification" second-hand statistics, avoiding the ascension of unverified figures into unnecessary panic within the emotional amplifiers.

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