The cryptocurrency market is preparing for a significant liquidity event over the next week as over $585 million worth of new tokens enter circulation. These scheduled releases from prominent projects could trigger short-term price volatility and increased sell-side pressure.
1. Hyperliquid (HYPE)
- Unlock Date: December 29
- Amount: 9.92 million HYPE (~$258.03 million)
- Allocation: 100% to core contributors.
Hyperliquid, a decentralized Layer-1 exchange known for its high-speed perpetual futures trading, is releasing nearly 3% of its current circulating supply. This “cliff unlock” will be followed shortly by another distribution of 1.2 million tokens to team members on January 6.
2. Sui (SUI)
- Unlock Date: January 1
- Amount: 43.69 million SUI (~$65.10 million)
- Allocation: Distributed among Series B investors, early contributors, the community reserve, and Mysten Labs.
As a high-throughput Layer-1 blockchain utilizing the Move language, Sui continues its monthly vesting schedule on New Year’s Day. The release represents 1.17% of the current circulating supply, with the largest portion (over 19 million tokens) designated for Series B investors.
3. EigenCloud (EIGEN)
- Unlock Date: January 1
- Amount: 36.82 million EIGEN (~$14.69 million)
- Allocation: Shared between investors (19.75M) and early contributors (17.07M).
EigenCloud, the verifiable cloud platform built on the EigenLayer protocol, will see a substantial 9.74% increase in its circulating supply. This release is split almost evenly between the project’s backers and its initial development team.
Note: Investors should also keep an eye on Ethena (ENA), Kamino (KMNO), and Renzo (REZ), which are scheduled to release additional supply during this same period, further contributing to the week’s market-wide token inflation.
