More than $585 million in tokens are scheduled to unlock between late December 2025 and early January 2026. The largest single events involve Hyperliquid (HYPE) on December 29, 2025, and two January 1, 2026 unlocks for Sui (SUI) and EigenCloud (EIGEN), each with distribution mechanics that could shape short-term price action.
Hyperliquid (HYPE) — December 29, 2025 features a cliff unlock of 9.92 million HYPE, valued at approximately $258.03 million and representing 2.87% of the released supply; primary recipients are core contributors, with an additional 1.2 million HYPE scheduled for team members on January 6, 2026, according to Yahoo Finance.
Sui (SUI) — January 1, 2026 proceeds via linear monthly vesting of 43.69 million SUI, estimated at $65.10 million and equal to 1.17% of released supply; allocations include Series B investors (19.32M), community reserve (12.63M), early contributors (9.98M) and Mysten Labs (2.07M), per BeinCrypto.
EigenCloud (EIGEN) — January 1, 2026 executes a cliff unlock of 36.82 million EIGEN, worth about $14.69 million and representing 9.74% of the released supply; recipients are investors (19.75M) and early contributors (17.07M), as reported by BeinCrypto.
Market context, mechanics and risk for traders and treasuries
The aggregate value and timing matter because year-end liquidity tends to thin and tax-loss harvesting can add selling pressure. Unlock structure is the primary mechanical driver of immediate supply shock: cliff unlocks concentrate sellable inventory on one date while linear vesting spreads the supply increase over time.
Hyperliquid’s concentrated cliff and the earmarking to core contributors raise the probability of rapid sell-side flow if recipients seek liquidity, while Sui’s linear schedule and diversified recipient base dilute that risk.
EigenCloud’s unlock stands out for its relative percentage impact on released supply, increasing vulnerability to price erosion absent strong demand.
These unlocks are concentrated around December 29, 2025 and January 1, 2026, with an additional HYPE distribution on January 6, 2026. Market participants should treat the events as opportunities to reassess liquidity, hedging and execution plans rather than isolated price forecasts.
