3 Token Unlocks to Watch This Week
Over $585 million worth of tokens from Hyperliquid (HYPE), Sui (SUI), and EigenCloud (EIGEN) are scheduled for release this week.Summary
The crypto market is anticipating token unlocks totaling over $585 million in the coming week, potentially introducing supply pressures and volatility. The three major projects involved are Hyperliquid (HYPE), Sui (SUI), and EigenCloud (EIGEN).
Hyperliquid (HYPE) will unlock 9.92 million tokens, valued at approximately $258.03 million, on December 29, all designated for core contributors. Sui (SUI) has a scheduled unlock on January 1 for 43.69 million tokens (worth about $65.10 million), distributed among Series B investors, the community reserve, early contributors, and Mysten Labs.
EigenCloud (EIGEN) will also unlock tokens on January 1, releasing 36.82 million tokens valued around $14.69 million, split between investors and early contributors. Additionally, Ethena (ENA), Kamino (KMNO), and Renzo (REZ) are noted as having other supply entries this week.
(Source：BeInCrypto)