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Weekly token unlock calendar points to about $630.2 million in releases in first week of August

Weekly token unlock calendar points to about $630.2 million in releases in first week of August

Hyperliquid, Succinct and Ethena lead a heavier schedule of new token supply, with PROVE alone set to unlock more than the token's current released supply.

HYPE
ENA
CORE

Fact Check
The body of the claim ('four major unlocks for Aug. 5-9, led by PROVE at $34.96 million and ENA at $15.36 million') is strongly corroborated by the coinness.com Tokenomist-sourced data, which lists exactly those four unlocks with identical figures, and by PANews/Token Unlocks data showing PROVE (~$35M) and ENA (~$15M) as leading unlocks. However, the headline claim 'up to $48.47 million through August 9' is inconsistent with the body's own data: in the four-unlock Tokenomist set the largest is PROVE at $34.96M, so $48.47M is not the ceiling of that set. The $48.47M figure instead comes from a separate schedule (cryptonews) as the NAME token unlock. The claim thus mixes figures from two different unlock lists, making the headline number unsupported by the body's cited data.
    Reference: 123
Summary

Crypto markets are set to absorb about $630.2 million of token unlocks in the first week of August, led by releases from Hyperliquid, Succinct and Ethena. Hyperliquid will unlock 433,000 HYPE worth $22.74 million on Aug. 6 for core contributors, a tranche equal to 0.19% of released supply, while Tokenomist said HYPE has historically seen fewer claimed tokens than projected unlock amounts. Succinct is scheduled to release 208.33 million PROVE worth $34.7 million on Aug. 5, exceeding the token's entire released supply at 104.17% of tokens currently on the market. Ethena will unlock 171.88 million ENA worth $15.36 million on Aug. 5, with tokens allocated to core contributors and investors. Opinion, BounceBit and Momentum are also due to add supply during the week, underscoring the potential for short-term volatility as more tokens enter circulation.

Terms & Concepts
  • token unlocks: Scheduled releases of previously restricted tokens that increase the amount available to the market.
  • zero-knowledge proof: A cryptographic method that lets one party prove a statement is true without revealing the underlying data.
  • zkVM: A virtual machine designed to generate zero-knowledge proofs for program execution.