The cryptocurrency market is about to experience a week of intense activity and potential volatility. According to the latest data, new tokens with a total value of more than $572 million will be released into circulation over the next seven days. These events, known as 'token unlocks', represent crucial moments for investors, as the increase in circulating supply can directly influence the prices and liquidity of the assets involved.
The spotlight is on three major ecosystems in particular: Hyperliquid (HYPE), RedStone (RED) and Ethena (ENA), whose supply releases are scheduled for the first week of March 2026.
Hyperliquid (HYPE): The Major Unlock for Core Collaborators
The undisputed star of this liquidity wave is Hyperliquid. The project, known to be an industry-leading decentralised perpetual futures exchange built on its own Layer-1 blockchain, offers high performance, low latency and on-chain order records.
On 6 March, Hyperliquid will unlock 9.92 million HYPE tokens. At current market value, this transaction is equivalent to an impressive $316.64 million. Although the figure is impressive, the tokens represent 2.72% of the already released supply (currently 405.41 million out of a total HYPE 1 billion). According to the distribution plans, the entire amount of unlocked tokens will go to 'core contributors', the key contributors who support the technical and strategic development of the platform.
RedStone (RED): A Diversified Distribution
March 6 will also be a key date for RedStone, a modular blockchain oracle protocol that provides reliable external real-time data to smart contracts and decentralised finance (DeFi) applications on multiple chains.
RedStone will release 40.85 million RED tokens, worth approximately $6.04 million. This release is particularly significant in percentage terms, as it constitutes 16.13% of the circulating supply (currently 253.25 million RED out of a total of 1 billion).
Unlike Hyperliquid, RedStone's distribution will be split between different stakeholders:
- Early backers (Early backers): 26.42 million tokens.
- Core contributors: 5.56 million tokens.
- Ecosystem and data providers: 5.54 million tokens.
- Protocol development: 3.33 million tokens.
Ethena (ENA): Focus on Foundation
The first event in chronological order concerns Ethena, the "synthetic dollar" protocol built on Ethereum, famous for its flagship product USDe. On 2 March, Ethena will release 40.63 million ENA tokens through its cliff vesting programme.
With an estimated value of USD 4.21 million, the unlock represents a small fraction (0.53%) of the circulating supply of ENA 7.62 billion (out of a total of ENA 15 billion). In this case, the team confirmed that the entire unlocked supply will be allocated to the Ethena Foundation to support the long-term growth of the protocol.
Other Projects To Monitor
Although HYPE, RED and ENA dominate the scene in terms of volume and strategic relevance, the week will also see new supply coming to market for other assets. Among these, analysts suggest closely monitoring the pricing dynamics of Staika (STIK), Spectral (SPEC) and IOTA (IOTA), which will complete the picture of releases in the first week of March.
Conclusion: What To Expect?
The release of over half a billion dollars in digital assets is an event that rarely goes unnoticed. While increased liquidity is a sign of maturity and adherence to project roadmaps, selling pressure from token beneficiaries could trigger price swings. Investors should closely monitor trading volumes and market sentiment in the days immediately before and after these key dates.
