$643M in token unlocks led by Hyperliquid and Sui

Token unlocks totaling over $643 million are scheduled between March 30 and April 6, with Hyperliquid and SUI topping the list.

Data from Tokenomist covers six cliff events, each exceeding $5 million, and seven linear unlocks, each generating over $1 million in daily releases across the seven-day window. The week’s total is notably larger than recent prior periods.

Token unlocks: HYPE dominates with $375M cliff release

Hyperliquid (HYPE) leads the week’s token unlocks by a considerable margin. The protocol is scheduled to release 9.92 million HYPE tokens worth $375.84 million, equal to 2.39% of its adjusted released supply. That single event accounts for approximately 58% of the week’s total estimated unlock value.

SUI follows with 45.38 million tokens worth $38.43 million, representing 1.16% of the adjusted released supply. Ethena (ENA) is scheduled to release 212.50 million tokens valued at $19.06 million at 2.71% of the adjusted released supply.

GUNZ (GUN), meanwhile, has the highest supply impact of all cliff unlocks this week, accounting for 26.58% of the total supply, or 437.72 million tokens worth $6.87 million. Next up is OPN, accounting for 13.91% of the total supply, or 32.09 million tokens worth $6.44 million. EigenLayer (EIGEN) completes this week’s cliff unlock list, accounting for 7.54% of the total supply, or 36.82 million tokens worth $6.16 million.

Linear unlocks add over $190M

The linear token unlocks for the week follow similar patterns from previous weeks. RAIN tops all other tokens with 9.47 billion linearly unlocked tokens worth $78.19 million during the week. The amount represents 1.98% of the circulating supply. Solana (SOL) continues with its ongoing linear token unlock schedule with 470,150 tokens worth $38.24 million, accounting for 0.08% of the circulating supply.

CC is set to release 191.71 million tokens worth $28.99 million at 0.50% of the circulating supply. TRUMP tokens follow their linear token unlock schedule with 6.33 million tokens worth $18.10 million, accounting for 1.19% of the circulating supply.

Worldcoin (WLD) is set to release 37.23 million tokens worth $10.13 million at 0.75% of the circulating supply. Dogecoin (DOGE) is set to release 95.71 million tokens worth $8.65 million at 0.06% of the circulating supply. TAO makes its first appearance in the linear token unlock table for the week with 25,200 tokens worth $7.96 million at 0.26% of circulating supply.

Smaller projects with upcoming unlock events

CoinMarketCap data shows several lower-profile projects approaching vesting milestones in the same period. GUNZ (GUN) appears in both the cliff and smaller-project tracking lists. The protocol has completed 17.30% of its total unlock schedule with 1.64 billion GUN currently in circulation. Its next unlock of 354.39 million GUN worth $6.16 million represents 3.54% of the total locked supply.

Orta Chain (ORTA) has 10 million tokens worth $1.01 million upcoming, equal to 10.00% of the total locked supply. The project has completed 28.75% of its total unlock schedule.

REVOX (REX) has 34.38 million tokens upcoming at 1.15% of the total locked supply. MattleFun (MATTLE) has 520,833 tokens scheduled at 1.04% of total locked supply. Shockwaves (NEUROS) is approaching a release of 1.29 million tokens, equal to 1.29% of total locked supply, with 91.12% of its total schedule already completed.

What to watch in this week’s token unlocks

HYPE’s cliff release of $375.84m dominates the week’s events from all angles. The percentage impact of this event, at 2.39% of adjusted released supply, is moderate in size compared to the dollar value.

GUN’s supply-intensive cliff release of 26.58% and OPN’s supply-intensive cliff release of 13.91% are the most supply-intensive events from a percentage perspective for the smaller assets. Therefore, these are the most likely cliff unlocks to have a short-term selling pressure effect on existing supply.

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