by Coinstrooper Crypto Articles
Quick Take
  • The crypto market will welcome tokens worth more than $643 million in the first week of April 2025.
  • Major projects, including Hyperliquid (HYPE), Sui (SUI), and Ethena (ENA) will release significant new token supplies.
  • These unlocks could introduce market volatility and influence short-term price movements.
  • Number of Tokens to be Unlocked: 9.92 million HYPE

What Happened

These unlocks could introduce market volatility and influence short-term price movements. So, here’s a breakdown of what to watch.

Of the unlocked supply, 19.32 million SUI will go to Series B investors. Community reserve and early contributors will get 12.63 million and 8.93 million SUI, respectively. Lastly, Mysten Labs will receive 2.07 million altcoins.

Market Context

The crypto market will welcome tokens worth more than $643 million in the first week of April 2025. Major projects, including Hyperliquid (HYPE), Sui (SUI), and Ethena (ENA) will release significant new token supplies.

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 sub-second transaction finality.

Why It Matters

1. Hyperliquid (HYPE)

Unlock Date: April 6

Details

Number of Tokens to be Unlocked: 9.92 million HYPE

Released Supply: 415.33 million HYPE

Total Supply: 1 billion HYPE

On April 6, the team will unlock 9.92 million HYPE worth $375.84 million. The tokens account for 2.66% of the released supply.

Hyperliquid will direct all unlocked altcoins to core contributors. However, Tokenomist pointed out that HYPE has historically claimed far fewer tokens than its projected unlock amounts.

2. Sui (SUI)

Unlock Date: April 1

Number of Tokens to be Unlocked: 42.94 million SUI

Released Supply: 3.9 billion SUI

Total Supply: 10 billion SUI

Sui is a high-performance Layer-1 blockchain. It utilizes the Move programming language to enable scalable, secure, and efficient decentralized applications (dApps).

Moreover, the network focuses on parallel execution for high throughput, making it suitable for gaming, decentralized finance (DeFi), and Web3 ecosystems.

On April 1, Sui will unlock 42.94 million altcoins as part of its monthly schedule. This stack represents 1.10% of the released supply. Furthermore, it is worth approximately $36.36 million.

3. Ethena (ENA)

Unlock Date: April 2

Number of Tokens to be Unlocked: 40.63 million ENA

Released Supply: 7.84 billion ENA

Total Supply: 15 billion ENA