Several token unlocks are happening this week that you’ll want to keep tabs on. When locked tokens hit the market, there’s suddenly more supply around, and prices can get wobbly.
HYPE: Daily Unlocks All Week
HYPE is the token for Hyperliquid, a decentralized exchange where traders can bet on crypto price movements using leverage. The platform launched recently and got attention for being fast and having minimal fees. Traders can open leveraged positions without going through traditional exchanges.
The good news is that each unlock represents only 0.02% of the total supply and about 0.08% of the market cap. These are small amounts, so the impact on price should be minimal. Think of it like adding a few drops of water to a swimming pool.
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JUP: The Biggest Unlock of the Week
Jupiter is the main exchange aggregator on Solana. Need to swap tokens? Jupiter hunts through different exchanges to score you the best rate. It handles massive volume—billions worth—and it has become the main infrastructure for Solana trading.
Jupiter will unlock 52.85 million tokens on December 28, worth about $10.23 million. This is the largest unlock in dollar value this week. It accounts for 0.53% of the total supply and 1.68% of the market cap. This release is more important than HYPE’s daily unlock because it could cause some selling pressure if the people who get the unlocked tokens decide to sell them.
AVAIL: The Most Important of All?
Avail works on blockchain infrastructure, helping other blockchains manage their data better. When blockchains need to store lots of information and access it quickly, that’s where Avail comes in. It focuses on making networks faster and more capable of handling a larger number of users, particularly for Layer 2 projects.
AVAIL will unlock 229.12 million tokens on December 23rd, valued at around $1.55 million. While the dollar amount is the smallest of the three projects, this unlock represents 6.33% of AVAIL’s market cap—the highest percentage this week. When a large chunk of the market cap unlocks at once, it can shake things up more than a bigger dollar amount on a larger coin.
What Should You Do?
Unlocks don’t automatically mean prices crater. Often, people already anticipate unlocks, or the individuals receiving the tokens simply hold onto them. However, it would be wise to monitor these unlock if you hold positions in any of these three tokens or are considering investing this week.
Keep your eyes on volume and how prices move near these dates. AVAIL and JUP especially.
