Quick Take
  • The crypto market will welcome tokens worth around $1.5 billion in the first week of September 2026.
  • Major projects, including Hyperliquid (HYPE), Ethena (ENA), and Sui (SUI), 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.

Market Context

The crypto market will welcome tokens worth around $1.5 billion in the first week of September 2026. Major projects, including Hyperliquid (HYPE), Ethena (ENA), and Sui (SUI), 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.

On September 1, the network will release 13.53 million SUI into the market, continuing its trend of cliff unlocks at the beginning of the month. The tokens are worth $9.73 million. Moreover, they represent 0.33% of the current released supply.

Why It Matters

On September 6, the team could unlock 9.92 million tokens worth $797 million. Tokenomist noted that this is a long-range estimate. The tokens account for 2.37% of the released supply.

Details

1. Hyperliquid (HYPE)

Unlock Date: September 6

Number of Tokens to be Unlocked: 9.92 million HYPE

Released Supply: 464.91 million HYPE

Total Supply: 1 billion HYPE

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. Sui (SUI)

Unlock Date: September 1

Number of Tokens to be Unlocked: 13.53 million SUI

Released Supply: 4.08 billion SUI

Total supply: 10 billion SUI

Sui is a high-performance blockchain designed to provide scalability, low latency, and an architecture for decentralized applications (dApps). It also distinguishes itself with an object-centric data model and the Move programming language, which seeks to address inefficiencies in existing blockchain architectures.

The network will split the unlocked altcoins 3 ways. Early Contributors will gain 7.47 million tokens. In addition, Community Reserve will receive 4 million tokens. Lastly, Mysten Labs Treasury will get 2.07 million SUI.

3. Ethena (ENA)

Unlock Date: September 2

Number of Tokens to be Unlocked: 40.63 million ENA

Released Supply: 8.9 billion ENA

Total Supply: 15 billion ENA

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