3 Token Unlocks to Watch in the First Week of April 2026

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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. So, here’s a breakdown of what to watch.

1. Hyperliquid (HYPE)

Unlock Date: April 6
Number of Tokens to be Unlocked: 9.92 million HYPE
Released Supply: 415.33 million HYPE
Total Supply: 1 billion HYPE

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 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.

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.

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

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 protocol’s governance token.

The team will release 40.63 million ENA tokens on April 2. The tokens, worth $3.64 million, account for 0.52% of the released supply.

Ethena will award the entire unlocked supply to the Foundation. In addition to these three, Gunz (GUN), EigenCloud (EIGEN), and Opinion (OPN) will also experience new supply entering the market in the first week of April.

The post 3 Token Unlocks to Watch in the First Week of April 2026 appeared first on BeInCrypto.

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