The cryptocurrency market is bracing for a substantial influx of tokens exceeding $638 million during the first week of February 2026. Key projects such as Hyperliquid (HYPE), XDC Network (XDC), and Berachain (BERA) are set to release significant supplies that could lead to increased market volatility and impact short-term price fluctuations. Below is a detailed analysis of the upcoming token unlocks.
Hyperliquid (HYPE) has scheduled its token unlock for February 6, with a total of 9.92 million HYPE tokens valued at approximately $303.55 million. This represents about 2.79% of the released supply. Hyperliquid operates as a decentralized perpetual futures exchange built on its proprietary Layer-1 blockchain, offering low-latency trading and sub-second transaction finality. Notably, the project has decreased its monthly team token unlocks to 140,000 HYPE for February, down from 1.2 million in January. All unlocked tokens will be allocated to core contributors.
XDC Network will unlock 841.18 million XDC tokens on February 5, which are valued at around $29.55 million and account for 5% of the released supply. This enterprise-grade, EVM-compatible blockchain protocol is designed to enhance trade finance through the tokenization of real-world assets. Of the unlocked tokens, 441.18 million will go to founders, advisors, and the team, while 400 million XDC will be reserved for ecosystem development.
Berachain is set to unlock 63.75 million BERA tokens on February 6, valued at approximately $28.8 million, marking 41.70% of its released supply. This project focuses on optimizing liquidity and decentralized finance activity through a novel Proof-of-Liquidity consensus mechanism. The unlocked supply will be distributed among investors, core contributors, future community initiatives, and ecosystem development, with a portion also reserved for airdrop purposes.
In addition to these major players, other tokens like Ethena (ENA), COCA (COCA), and Tribal Token (TRIBL) will also experience new supply entering the market this week, further adding to the potential for market volatility.
