$657M Unlock Rattles Market: HYPE, Ethena & Aptos Lead

More than $657 million in newly tradable tokens is scheduled to hit the market between Jan. 5 and Jan. 12, a calendar that tends to test thin holiday liquidity even when prices are bouncing. Token unlock data compiled by Tokenomist shows the biggest single release belongs to Hyperliquid’s HYPE, with roughly $333 million set to unlock in one shot—about 3.25% of total supply becoming available to trade at once. Unlocks don’t guarantee a sell-off, but they do create a moment where the market’s bid has to prove it can absorb fresh inventory without slipping. Huge Supply Events Most Likely

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