by Coinstrooper Crypto Articles
Quick Take
  • The crypto market will welcome tokens worth more than $566 million in the final week of November 2025.
  • Several major projects, including Hyperliquid (HYPE), Plasma (XPL), and Jupiter (JUP), will release significant new token supplies.
  • These unlocks might lead to market volatility and influence price movements in the short term.
  • Here’s a breakdown of what to watch for each project.

What Happened

1. Hyperliquid (HYPE)

Unlock Date: November 29

Number of Tokens to be Unlocked: 9.92 million HYPE (0.992% of Total Supply)

Market Context

The crypto market will welcome tokens worth more than $566 million in the final week of November 2025. Several major projects, including Hyperliquid (HYPE), Plasma (XPL), and Jupiter (JUP), will release significant new token supplies.

These unlocks might lead to market volatility and influence price movements in the short term. Here’s a breakdown of what to watch for each project.

Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and also sub-second transaction finality.

Jupiter is a decentralized liquidity aggregator on the Solana (SOL) blockchain. It optimizes trade routes across multiple decentralized exchanges (DEXs) to provide users with the best prices for token swaps with minimal slippage.

Why It Matters

Current Circulating Supply: 270.77 million HYPE

Total supply: 1 billion HYPE

Details

On November 29, the project will release 9.92 million tokens valued at approximately $327.35 million. This accounts for 2.66% of the current released supply.

Hyperliquid will distribute all the unlocked tokens among core contributors.

2. Plasma (XPL)

Unlock Date: November 25

Number of Tokens to be Unlocked: 88.89 million XPL (0.89% of Total Supply)

Current Circulating Supply: 1.88 billion XPL

Total supply: 10 billion XPL

Plasma is a Layer 1 blockchain platform built to enhance the efficiency and scalability of stablecoin transactions. It enables zero-fee USDT transfers, allows the use of custom gas tokens, supports confidential payments, and delivers the throughput required for global-scale adoption.

Plasma will unlock 88.89 million XPL on November 25. The tokens are worth $17.53 million. Moreover, they account for 4.74% of the current circulating supply.

The team will direct all of the 88.89 million XPL to the ecosystem and growth.

3. Jupiter (JUP)

Unlock Date: November 28

Number of Tokens to be Unlocked: 53.47 million JUP (0.53% of Total Supply)

Current Circulating Supply: 3.2 billion JUP

Total supply: 10 billion JUP