by Coinstrooper Crypto Articles
Quick Take
  • Crypto tokens worth more than $657 million will enter the market over the next seven days.
  • Notably, three major ecosystems, Hyperliquid (HYPE), Ethena (ENA), and Aptos (APT) will release new token supply into circulation in early January 2026.
  • The token unlocks will inject fresh liquidity into the market and can also trigger price swings and volatility.
  • So, here is a breakdown of what to watch for in each project.

What Happened

Core contributors will get 93.75 million tokens from the unlocked supply. Moreover, investors will receive 78.13 million ENA.

Market Context

Crypto tokens worth more than $657 million will enter the market over the next seven days. Notably, three major ecosystems, Hyperliquid (HYPE), Ethena (ENA), and Aptos (APT) will release new token supply into circulation in early January 2026.

The token unlocks will inject fresh liquidity into the market and can also trigger price swings and volatility. So, here is a breakdown of what to watch for in each project.

Hyperliquid is a high-performance decentralized perpetual futures exchange built on its own Layer 1 blockchain. It offers on-chain order books, fast execution, and non-custodial trading.

Why It Matters

1. Hyperliquid (HYPE)

Unlock Date: January 6

Details

Number of Tokens to be Unlocked: 12.46 million HYPE

Released Supply: 345.08 million HYPE

Total supply: ~1 billion HYPE

The project will release 12.46 million tokens, valued at approximately $330.51 million, on January 6. This accounts for 3.6% of the current released supply.

Hyperliquid will award all the unlocked tokens to the core contributors. This unlock follows the project’s release of 9.92 million tokens last week.

2. Ethena (ENA)

Unlock Date: January 5

Number of Tokens to be Unlocked: 171.88 million ENA

Released Supply: 7.24 billion ENA

Total Supply: 15 billion ENA

Ethena is a synthetic dollar protocol built on Ethereum (ETH). The protocol’s flagship product is USDe, a synthetic dollar stablecoin. Furthermore, ENA is the governance token of the protocol.

The team will release 171.88 million ENA tokens today. The tokens, worth $42.91 million, account for 2.37% of the released supply.

3. Aptos (APT)

Unlock Date: January 11

Number of Tokens to be Unlocked: 11.31 million APT

Released Supply: 1.62 billion APT

Total supply: 2.6 billion APT

Aptos is a Layer 1 blockchain that focuses on high speed, scalability, and security. It uses the Move programming language and executes transactions in parallel to improve performance. Aptos supports Web3 applications such as DeFi, NFTs, gaming, and consumer apps.