Is the reason that crushed this round of altcoin season really the VC token unlocks? No matter how VCs and market makers try to spin it, at least the data doesn’t lie. 1. The unlocked market cap in the altcoin market can truly be called astronomical. - From 2024 to 2025, the total unlocks are expected to exceed $150 billion. - In 2024 alone, the altcoin market absorbed approximately $82 billion in unlock sell pressure.