by Coinstrooper Crypto Articles
Quick Take
  • The crypto market will welcome tokens worth around $630.2 million in the first week of August 2026.
  • Major projects, including Hyperliquid (HYPE), Succinct (PROVE), and Ethena (ENA), will release significant new token supplies.
  • These unlocks could introduce market volatility and influence short-term price movements.
  • Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain.

What Happened

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

Succinct will split the supply five ways. The network will direct 83.33 million tokens towards the ecosystem and research and development. Contributors and investors will get 73.75 million tokens and 26.25 million tokens, respectively.

Market Context

The crypto market will welcome tokens worth around $630.2 million in the first week of August 2026. Major projects, including Hyperliquid (HYPE), Succinct (PROVE), 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.

The team will release 208.33 million tokens on August 5. The tokens are worth $34.7 million. The unlock exceeds the token’s entire released supply, representing 104.17% of tokens currently on the market.

Why It Matters

1. Hyperliquid (HYPE)

Unlock Date: August 6

Details

Number of Tokens to be Unlocked: 433,000 HYPE

Released Supply: 454.99 million HYPE

Total Supply: 1 billion HYPE

On August 6, the team will unlock 433,000 HYPE worth $22.74 million. The tokens account for 0.19% of the released supply.

The team has allocated the unlocked supply to core contributors. Tokenomist pointed out that HYPE has historically claimed far fewer tokens than its projected unlock amounts.

2. Succinct (PROVE)

Unlock Date: August 5

Number of Tokens to be Unlocked: 208.33 million PROVE

Released Supply: 200 million PROVE

Total Supply: 1 billion PROVE

Succinct is a zero-knowledge proof infrastructure project built around SP1, a zkVM that lets developers generate ZK proofs from ordinary Rust code without custom cryptography. The Ethereum-based PROVE token handles payments, staking, and governance.

In addition, the team will allocate 16.67 million PROVE to public allocation and incentives. Finally, the Succinct Foundation will get 8.33 million tokens.

3. Ethena (ENA)

Number of Tokens to be Unlocked: 171.88 million ENA

Released Supply: 8.73 billion ENA

Total Supply: 15 billion ENA