The Middle East is on fire right now—U.S. and Israeli strikes on Iran have disrupted global markets, oil prices are swinging, and gold is up as investors look for safer ground. The crisis has also affected the crypto markets. And if all this was not enough to keep traders on their toes, three big token unlocks are lined up this week that could shake things up further.
For the uninitiated, a token unlock is when coins that were previously locked away (think early backers, team members, or project insiders) get released and can now be freely sold. Depending on how many hits the market and how quickly, it can get messy.
March 2 is the big date—44.25 million SUI tokens, roughly $41.23 million worth, are getting unlocked in one shot by the team behind Sui, a blockchain network built by ex-Meta engineers that has made a name for itself in gaming and DeFi by being fast and cheap to use. The unlock is 0.44% of the total supply and 1.15% of the market cap, dropping at once. Smaller daily unlocks of around 378,000 SUI (about $352,000 a day) follow from March 3 to March 6, but those are background noise compared to what is coming on March 2.
TRUMP Is Another Significant One
Every day from March 2 to March 6, 909,465 TRUMP tokens worth around $3.24 million will be released. The TRUMP token is a meme coin that was launched in January 2025, and it is tied to the personal brand of U.S. President Donald Trump, with no underlying utility beyond speculation and sentiment. Each daily drop looks manageable on its own, but add them up, and you are looking at over $19 million hitting the market across the week. While it may not be a crisis, it is certainly worth monitoring.
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ENA, Two Shots of it in a Week
Ethena—the DeFi protocol behind ENA—lets users earn returns on crypto without using a bank, through a synthetic dollar called USDe that runs entirely on the blockchain. This week, it has two unlocks to deal with: 94.19 million tokens, worth around $10 million, on March 2, and then a larger drop of 171.88 million tokens, worth roughly $18.25 million, on March 5, equal to 1.15% of the total supply. That second unlock is the one that could actually move the needle—over two percent of the market cap in a single release is not something the market absorbs quietly, especially when sentiment is already fragile.
With global nerves frayed and millions of dollars worth of tokens scheduled to hit the market across SUI, TRUMP, and ENA, this week demands attention. Keep your eyes on the dates, watch how volume reacts, and if you are holding any of these, know what is coming before it arrives.
