HYPE and ENA lead $621.6M weekly token unlock wave

Token unlocks worth $621.66 million are scheduled for the May 4 to May 11 period, according to CoinGecko data.

Total cliff unlocks for the window stand at $473.29 million. As per the data, Hyperliquid and Ethena account for the major share of that number.

Token unlocks this week dominated by Hyperliquid

The biggest release of the week goes to Hyperliquid (HYPE), which unlocks a cliff worth $416.01 million at 4.16% of the adjusted released supply. It alone constitutes around 67% of the entire week’s releases of $621.66 million.

$621.66 Million in Token Unlocks This Week

Total cliff unlock, unlocked immediately after a set period, is $178.29M this week:

• $HYPE $416.01M
• $ENA $18.11M
• $SXT $6.13M
• $RED $5.76M
• $OPN $5.56M

Linear unlocks, slow release over time: $LINEA, $BABY, $LAYER,… pic.twitter.com/ayNaqnptQT

— Cryptopolitan (@CPOfficialtx) May 4, 2026

Second in terms of cliff release is Ethena (ENA), which will have a cliff unlock worth $18.11 million, equivalent to 1.96% of adjusted released supply. Third in line is Space and Time (SXT), which will unlock $6.13 million at 14.92%, which happens to be the highest percentage among mid-sized cliff unlocks for the week. Next up is RedStone (RED), releasing $5.76 million at 10.92%. Opinion (OPN) is also slated to release $5.56 million at 22.59%.

Linea (LINEA) releases $4.98 million at 5.54%, Babylon (BABY) schedules $2.80 million at 3.52%, and Solayer (LAYER) adds $2.30 million at 12.87%. io.net (IO) contributes $1.61 million at 4.02%, and Magic Eden (ME) rounds out the named cliff events at $1.12 million and 2.13% of adjusted released supply.

Smaller projects with vesting events in the same window

Beyond the headline releases, several lower-profile projects have token unlocks scheduled during the May 4 to May 11 period, according to CoinMarketCap data. REVOX (REX) has a next unlock of 34.38 million tokens valued at $1,712.66, equal to 1.15% of total locked supply. Unlock progress stands at 68.44%.

Drift (DRIFT) has a next unlock of 13.16 million tokens valued at $516,502.81, or 1.32% of total locked supply. DRIFT’s unlock progress stands at 18.58%.

Token unlocks include SLIMEX, Sipher, and MattleFun

SLIMEX (SLX) schedules a next unlock of 145.83 million tokens valued at $250,170.18, equal to 1.46% of total locked supply. SLX has an unlock progress stands at 24.90%.

SIPHER has a next unlock of 15,070,000 tokens with a value of $110,921.37, or 1.51% of the total locked tokens. SIPHER’s unlock progress is currently 46.96%. MATTLE has an unlock of 1,110,000 tokens with a value of $11,163.58, or 2.22% of the total locked tokens.

When looking at all categories, this week’s token unlocks span many different projects and unlocking styles. On the cliff side, there is a notable imbalance, with HYPE accounting for almost seven times more than all other cliff unlock events put together at $473.29 million.

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