Early October Sees $1.11 Billion in Crypto Token Unlocks

A massive wave of crypto token unlocks is set to hit the market in early October 2026, with a total of $1.11 billion in freshly released tokens expected to flood the market. This influx of new supply comes from several major projects, with Hyperliquid, Ethena, and Aptos leading the way. On October 6, Hyperliquid will release 3.75 million HYPE tokens worth $340 million, with the entire unlocked batch going to a single institutional buyer. This is a significant development for the project, as it marks the largest token unlock to date. Ethena will also release 171.88 million ENA tokens, valued at $41.52 million, on October 5, with 93.75 million ENA going to core contributors and 78.13 million ENA going to investors. Aptos will unlock 11.31 million APT tokens worth $9.06 million on October 11, with the allocation splitting across four groups. This massive token unlock has the potential to inject volatility into markets and sway prices over the short term.