More than $657 million in crypto tokens will come to market in the next seven days. In addition, three major ecosystems, Hyperliquid (HYPE), Ethena (ENA), and Aptos (APT), will release new token supply in early January 2026.
The token unlocks provide extra liquidity in the market and can cause price movements and volatility. Below you will find an overview of what to watch for with each project.
1. Hyperliquid (HYPE)
Unlock date: January 6
Number of tokens to unlock: 12.46 million HYPE
Issued supply: 345.08 million HYPE
Total supply: ~1 billion HYPE
Hyperliquid is a fast, decentralized perpetual futures crypto exchange built on its own Layer 1 blockchain. It offers on-chain order books, fast executions, and non-custodial trading.
The project will release 12.46 million tokens on January 6, with an estimated value of approximately $330.51 million. This is 3.6% of the current issued supply.
Hyperliquid allocates all released tokens to the core contributors. This unlock follows the release of 9.92 million tokens last week.
2. Ethena (ENA)
Unlock date: January 5
Number of tokens to unlock: 171.88 million ENA
Issued supply: 7.24 billion ENA
Total supply: 15 billion ENA
Ethena is a synthetic dollar protocol built on Ethereum (ETH). The main product is USDe, a synthetic dollar stablecoin. Additionally, ENA is the governance token of the protocol.
Today, the team will release 171.88 million ENA tokens. These tokens are worth $42.91 million and represent 2.37% of the issued supply.
Core contributors will receive 93.75 million tokens from the unlock. Additionally, investors will receive 78.13 million ENA.
3. Aptos (APT)
Unlock date: January 11
Number of tokens to unlock: 11.31 million APT
Issued supply: 1.62 billion APT
Total supply: 2.6 billion APT
Aptos is a Layer 1 blockchain that focuses on high speed, scalability, and security. It uses the Move programming language and executes transactions in parallel for better performance. Aptos supports Web3 applications such as DeFi, NFTs, gaming, and regular apps.
Aptos will release 11.31 million tokens on January 11, according to the monthly unlock schedule. The tokens are worth $21.94 million and the package represents 0.70% of the issued supply.
The team allocates 3.96 million APT to core contributors. The community receives 3.21 million tokens and investors receive 2.81 million tokens. Furthermore, 1.33 million tokens are allocated to the foundation.
In addition to these three projects, new supply will also come to market this week for Linea (LINEA), Movement (MOVE), IOTA (IOTA), and others.