The cryptocurrency market is set to witness significant token unlocks in the first week of September 2026, with approximately ₹1,200 crore ($1.5 billion) worth of tokens entering circulation. According to reports from Tokenomist, major projects including Hyperliquid (HYPE), Sui (SUI), and Ethena (ENA) will release substantial new token supplies during this period. These unlocks are expected to introduce market volatility and influence short-term price movements across the affected cryptocurrencies.
Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain, offering high-performance trading with low latency, on-chain order books, and sub-second transaction finality. On September 6, the platform will unlock 9.92 million HYPE tokens worth ₹640 crore ($797 million). As reported by Tokenomist, these tokens represent 2.37% of the released supply and are allocated to core contributors. The exchange has historically claimed far fewer tokens than its projected unlock amounts, suggesting conservative token distribution practices.
Sui is a high-performance blockchain designed for scalability, low latency, and decentralized applications, featuring an object-centric data model and Move programming language. On September 1, the network will release 13.53 million SUI tokens worth ₹80 crore ($9.73 million), continuing its trend of cliff unlocks at the beginning of each month. According to Tokenomist, these tokens represent 0.33% of the current released supply. The unlock will be distributed among Early Contributors (7.47 million tokens), Community Reserve (4 million tokens), and Mysten Labs Treasury (2.07 million SUI).
Ethena is a synthetic-dollar protocol built on Ethereum, with its flagship product USDe being a synthetic-dollar stablecoin and ENA serving as the governance token. On September 2, the platform will release 40.63 million ENA tokens worth ₹48 crore ($6.05 million), representing 0.46% of the released supply. As reported by Tokenomist, the entire unlocked supply will be awarded to the Foundation, indicating concentrated token distribution among the project's governance structure.
Beyond these three major projects, several other cryptocurrencies will experience new token supply entering the market during the first week of September 2026. According to Tokenomist, EigenCloud (EIGEN), Gunz (GUN), and GoPlus Security (GPS) will also see new supply entering circulation. These additional unlocks will contribute to the overall market impact of the ₹1,200 crore ($1.5 billion) in total token releases during this period.
