April's Unlock Avalanche: $643M in Tokens Prepare to Rain Down on the Market

The first week of April is about to get spicy. Over $643 million in tokens are set to flood the market as Hyperliquid (HYPE), Sui (SUI), and Ethena (ENA) release significant new supplies. Here's what to watch.

1. Hyperliquid (HYPE) - April 6 The leading decentralized perpetual futures exchange built on its own Layer-1 blockchain is unlocking 9.92 million HYPE, worth approximately $375.84 million. This represents 2.66% of the released supply of 415.33 million HYPE out of a total supply of 1 billion. All unlocked tokens will go to core contributors. Worth noting: Hyperliquid has historically claimed far fewer tokens than projected unlock amounts.

2. Sui (SUI) - April 1 The high-performance Layer-1 blockchain utilizing the Move programming language is releasing 42.94 million SUI as part of its monthly schedule. That's about $36.36 million, representing 1.10% of the released supply of 3.9 billion SUI (total supply: 10 billion). Series B investors get 19.32 million SUI, community reserve receives 12.63 million, early contributors get 8.93 million, and Mysten Labs picks up 2.07 million.

3. Ethena (ENA) - April 2 The synthetic dollar protocol built on Ethereum is releasing 40.63 million ENA tokens worth approximately $3.64 million. This represents 0.52% of the released supply of 7.84 billion ENA (total supply: 15 billion). The entire unlock goes to the Foundation.

Bonus unlocks: Gunz (GUN), EigenCloud (EIGEN), and Opinion (OPN) will also see new supply enter the market during the first week of April.

With nearly a third of a billion dollars in HYPE alone hitting the market, traders may want to keep their seatbelts fastened.