Hyperliquid and SUI Dominate Massive $585M Token Unlock Wave

Get ready for a liquidity tsunami. The crypto market braces for nearly $600 million in token unlocks this week, with two major projects leading the charge.

The Unlock Breakdown

Hyperliquid and SUI aren't just participating—they're dominating the schedule. Together, they represent the lion's share of the $585 million about to hit the market. This isn't a trickle; it's a scheduled flood of supply that could test recent price gains and trader conviction.

Market Mechanics in Motion

Token unlocks cut both ways. For early investors and team members, it's payday—a chance to finally monetize their holdings. For the market, it's a classic test of absorption. Can buy-side demand soak up this new supply without sinking prices? History shows it rarely happens smoothly. These events often trigger volatility as unlocked tokens find their way to exchanges, a process watched as closely as any Fed announcement by the crypto faithful.

The Trader's Dilemma

Do you front-run the unlock, betting the news is already priced in? Or do you brace for impact, expecting the usual post-unlock dip? It's the perpetual crypto calculus—weighing fundamental supply shocks against the market's notorious capacity to ignore logic. After all, in a sector built on digital scarcity, nothing quite tests the thesis like a few hundred million new coins hitting the ledger. One financier's planned distribution is another trader's looming overhang. The only certainty? Someone's about to get very liquid, in every sense of the word.

Hyperliquid and SUI lead cliff token unlocks

HYPE leads for this week, with 9.92 million tokens worth $251.19 million in cliff unlocks. This accounts for 2.59% of the project’s adjusted released supply. HYPE is also the biggest single unlock by value this week, at close to 43% of the total cliff unlock value.

SUI follows with 46.41 million tokens worth $67.29 million set for release. This unlock comprises 1.24% of SUI’s adjusted released supply. Cumulatively, the two projects account for token unlocks valued at $318.48 million.

A total of 36.82 million EIGEN tokens are scheduled to be unlocked, worth $14.44 million. The unlock amount represents 9.74% of EIGEN’s adjusted released supply, which is the highest unlock percentage-wise among the top projects. KMNO has an unlock of 229.17 million tokens, worth $11.75 million, which accounts for 5.35% of its adjusted supply.

Optimism (OP) will unlock 31.34 million tokens with a worth of $8.66 million. The release is 1.65% of OP’s adjusted released supply. Ethena has 40.63 million tokens with a worth of $8.50 million scheduled for release, comprising just 0.56% of the supply. Zora will unlock 166.67 million tokens worth $7.15 million, accounting for 4.17% of adjusted supply.

RAIN and Solana dominate linear token unlocks

RAIN leads all linear unlocks with 9.43 billion tokens valued at $76.56 million set for daily release throughout the week. The unlock is the largest linear release by dollar value. RAIN’s scheduled releases exceed any individual cliff unlock except Hyperliquid and SUI.

Solana (SOL) follows with 484,670 tokens worth $61.62 million scheduled for gradual release. SOL’s linear unlock represents the second-largest by value.

TRUMP has 4.89 million tokens valued at $24.11 million scheduled for linear release. Worldcoin (WLD) will release 37.23 million tokens worth $18.94 million through daily vesting. The unlock continues WLD’s regular emission schedule throughout the week.

Dogecoin (DOGE) has 95.06 million tokens worth $11.89 million scheduled for release. Avalanche (AVAX) will release 700,000 tokens valued at $8.90 million through linear vesting.

Mid-tier projects face significant token unlocks

Several mid-tier projects face substantial unlocks relative to their circulating supply. EIGEN’s 9.74% unlock is the highest percentage among all scheduled releases.

KMNO’s 5.35% unlock also stands out for its relative size. The release of 229.17 million tokens valued at $11.75 million could impact trading dynamics for the project. Zora’s 4.17% unlock of 166.67 million tokens worth $7.15 million faces similar considerations.

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