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$585 Million in Crypto Token Unlocks This Week, Led by Hyperliquid’s $251 Million Cliff

Analysts say unlocks alter supply, not fundamentals.

Overview

  • Between December 29 and January 5, scheduled cliff and linear releases exceed $585 million, according to Tokenomist data shared by Wu Blockchain.
  • Hyperliquid (HYPE) has the largest event with roughly $251 million unlocking in a single cliff release, equal to about 2.59% of its adjusted released supply.
  • Other cliff unlocks over $5 million are listed for Sui (SUI), EigenCloud (EIGEN), Kamino (KMNO), Optimism (OP), Ethena (ENA), ZORA and SVL.
  • Large daily linear unlocks during the same window include RAIN, Solana (SOL), Official Trump (TRUMP), Worldcoin (WLD), Dogecoin (DOGE), Avalanche (AVAX) and Aster (ASTER), each exceeding $1 million per day.
  • Community responses flag potential selling pressure, while reports note that prior large unlocks, such as about $309 million on December 15, produced limited volatility and that actual impact depends on holder behavior and market conditions.