Crypto investors should pay close attention this week. Several major token unlocks are coming, and they’re going to shake things up across multiple projects.
HYPE Leads with Daily Releases
HYPE token has releases every single day from January 4 through January 9. Each day, 217,155 HYPE tokens will be released into circulation, worth around $5.48 million each. Each release is only 0.02% of the total supply, but these daily releases mean selling pressure throughout the week. HYPE runs Hyperliquid, a decentralized exchange where traders buy and sell crypto with leverage. People like the platform because transactions happen fast and fees don’t eat into profits.
ENA Makes the Biggest Splash
Ethena’s ENA token gets the week’s biggest unlock on January 5. A whopping 171.88 million tokens hit the market, which accounts for about 1.15% of the total supply. They are worth $41.39 million, which is 2.23% of ENA’s market cap.
Ethena built a digital dollar called USDe that’s supposed to stay worth about $1, like stablecoins such as USDT. The difference is that USDe doesn’t rely on banks or real dollars sitting in bank accounts. Instead, it remains stable via a hedging strategy: when an investor deposits crypto (like Bitcoin) to buy USDe, Ethena not only holds that crypto but also places an opposite bet in the futures market. Price changes (whether up or down) cancel each other out. This keeps the value steady, no matter how crazy the crypto market gets.
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XTER Faces Heavy Dilution
XTER token holders better get ready. The project unlocks 63.32 million tokens on January 8, which is 6.33% of the total supply. Here’s the scary part—this unlock is 44.35% of XTER’s current market cap, and the tokens are worth about $1.97 million. XTER is a social trading platform where people copy what successful traders do. They’ve combined social media with DeFi to help beginners figure out crypto trading.
MOVE Rounds Out the Week
Movement Labs’ MOVE token closes out the week on January 9 with 162.67 million tokens getting unlocked. That’s 1.63% of the total supply, worth roughly $6.07 million. Movement builds blockchain infrastructure using the Move programming language that Facebook created. They’re trying to make blockchain apps safer and simpler for developers.
Token unlocks let early investors and team members cash out. Smart traders usually sell before unlocks or wait for prices to drop so they can buy back cheaper. Watch these tokens closely this week.
