The crypto market is set to receive tokens worth around $1.5 billion during the first week of September 2026. Three major projects—Hyperliquid (HYPE), Sui (SUI), and Ethena (ENA)—will release substantial new token supplies that could introduce market volatility and influence short-term price movements.
Hyperliquid (HYPE)
Unlock Date: September 6
Hyperliquid, a decentralized perpetual futures exchange built on its own Layer-1 blockchain, will unlock 9.92 million HYPE tokens on September 6. The tokens are estimated to be worth $797 million and represent 2.37% of the currently released supply of 464.91 million tokens out of a total supply of 1 billion HYPE.
The unlocked tokens are allocated to core contributors. Historical data shows that HYPE has released significantly fewer tokens than projected unlock amounts.
Sui (SUI)
Unlock Date: September 1
Sui, a high-performance blockchain designed for scalability and low latency, will release 13.53 million SUI tokens on September 1. These tokens are valued at $9.73 million and represent 0.33% of the current released supply of 4.08 billion tokens out of a total supply of 10 billion SUI.
The unlocked supply will be distributed across three categories: Early Contributors will receive 7.47 million tokens, the Community Reserve will get 4 million tokens, and Mysten Labs Treasury will obtain 2.07 million SUI.
Ethena (ENA)
Unlock Date: September 2
Ethena, a synthetic-dollar protocol built on Ethereum, will unlock 40.63 million ENA governance tokens on September 2. The tokens are valued at $6.05 million and account for 0.46% of the released supply of 8.9 billion tokens out of a total supply of 15 billion ENA. The entire unlocked supply will be awarded to the Foundation.
Additional token unlocks during the first week of September will include EigenCloud (EIGEN), Gunz (GUN), and GoPlus Security (GPS).
