TLDR
This weeks notable token unlocks are Hyperliquid (HYPE), Jupiter (JUP), and ethereum/">Optimism (OP).
- Hyperliquid (HYPE): 9.92 million unlock on 29 Nov (UTC), mainly for contributors, about 2.95% of float per current supply data, per a report.
- Jupiter (JUP): 53.47 million unlock on 28 Nov (UTC), roughly 1.66% of float, per a report.
- Optimism (OP): 32.21 million unlock on 30 Nov (UTC), widely watched among L2s, per a weekly roundup.
Deep Dive
1. Hyperliquid Scale
Hyperliquid (HYPE) unlocks 9.92 million tokens on 29 Nov, with allocations to core contributors per a market roundup. Using current circulating supply of 336.69 million on the CoinsKid page, this weeks unlock is about 2.95% of float.
A separate writeup notes this is the first major contributor unlock since TGE and has fueled debate about near term distribution paths, though long dated vesting remains in place per a community brief.
Contributor unlocks can add near term sell pressure. Watch order book depth around 29 Nov and any wallet movements tied to core teams.
2. Jupiter Monthly Cliff
Jupiter (JUP) unlocks 53.47 million tokens on 28 Nov as part of its monthly schedule, with splits to team and Mercurial stakeholders per a report. With a circulating supply of 3.22 billion on the CoinsKid page, this is roughly 1.66% of float.
Monthly cliffs tend to be absorbed better when Solana liquidity is healthy, but spillover volatility can occur if volumes thin into the weekend.
If you track Solana ecosystem flows, monitor JUPs 24 hour volumes and spreads around the event window for any transient dislocations.
3. Optimism L2 Watch
Optimism (OP) is slated to unlock 32.21 million tokens on 30 Nov (UTC), highlighted in a weekly roundup. Using a circulating supply of 1.90 billion on the CoinsKid page, this equates to about 1.70% of float.
Prior OP unlocks have sometimes produced brief price reactions when coinciding with thinner weekend liquidity, according to the roundup above.
For L2 exposure, watch OPs liquidity on top venues and funding conditions around the date. Size versus float suggests a manageable shock under normal volumes.
Also this week, several other unlocks appear on calendars: Plasma (XPL) on 25 Nov, WalletConnect (WCT) on 26 Nov, and Kamino (KMNO) plus ZORA on 30 Nov, summarized in a single weekly list.
Conclusion
Unlocks increase circulating supply, so the impact depends on size versus float, market depth, and timing. HYPE, JUP, and OP have meaningful but not outsized unlocks relative to float, with the calendar clustering later in the week. If liquidity is thin, short lived volatility is more likely around 28 to 30 Nov.
Confidence: moderate because unlock schedules are sourced from media roundups and contributor allocations can change. Quick check: confirm dates on each assets CoinsKid page linked above and watch for last minute project notices.
CoinsKid.Com