The next few days are set to witness notable token unlocks in the world of decentralized finance (DeFi). Hyperliquid ($HYPE), Official Trump ($TRUMP), and Superfortune ($GUA) are prominent among the upcoming token unlocks. As per the data from Phoenix Group, the other noteworthy projects unlocking tokens include Aster, EigenCloud, Kite AI, Sui, Falcon Finance, and Ethena. Such unlocks often indicate trading dynamic shifts and likely volatility.
Hyperliquid ($HYPE) Kickstarts Upcoming DeFi Token Unlocks with $9.20M
The earliest among the upcoming DeFi token unlocks is Hyperliquid ($HYPE). In this respect, Hyperliquid has scheduled the 27th of April as the date for the unlock of up to 216.58K $HYPE tokens. This figure accounts for a total value of $9.20M, while denoting 0.02% of the project’s supply. In addition to this, Official Trump ($TRUMP) is going to conduct the 2nd earliest token unlock over the next few days. Specifically, on April 27, Official Trump will unlock 904.00K $TRUMP tokens. This accounts for $2.30M and 0.09% of the cumulative supply.
Following that, Superfortune ($GUA) has also set the 27th of this month as the date for its unlock. It is going to unlock 21.99M $GUA, equaling $17.82M and 2.20% of the overall supply. Then, Aster’s ($ASTER) date to unlock 1.52% of its token supply is April 28. This will include 118.96M $ASTER (equaling $77.28M). Coming after that, EigenCloud’s ($EIGEN) unlock will occur on May 1st, including 36.82M $EIGEN tokens. Hence, this accounts for a cumulative amount of $6.62M, while also equaling 2.03% of the project’s token supply.
Ethena ($ENA) Comes Last with Token Unlock Scheduled for May 2nd
Moving on, on May 1st, Kite AI ($KITE) will unlock 373.25M $KITE tokens ($56.99M), This underscores 3.73% of Kite AI’s token supply. The next name on the list is Sui ($SUI), with 0.52% of the token supply to be unlocked on May 1st. This includes 52.03M $SUI ($48.33M). Additionally, on the same day, Falcon Finance will unlock 0.95% of the supply, denoting 95.00M $FF ($6.54M). Then, Athena ($ENA) concludes the list by scheduling the unlock of 0.63% of supply on May 2nd, equaling 94.18M $ENA ($10.05M).
Source: https://blockchainreporter.net/defi-markets-eye-volatility-as-token-unlocks-approach/