This week, a $657 million token unlock wave is coming, with HYPE, ENA, and APT initiating large-scale releases.

[Crypto World] This week, the crypto market faces a wave of token unlocks totaling over $657 million, with several leading projects simultaneously initiating large-scale release plans.

Hyperliquid’s situation is the most notable. On January 6, the project will unlock 12.46 million HYPE tokens for core contributors, estimated at approximately $330.51 million at current prices. This unlock accounts for more than half of the total amount this week.

Ethena follows closely. On January 5, 171.88 million ENA tokens will be gradually released, totaling $42.91 million, distributed to core builders and early investors.

Aptos, although with a relatively smaller unlock amount, is also worth noting. On January 11, 11.31 million APT tokens will be distributed, involving $21.94 million, with recipients including ecosystem contributors, community participants, investment institutions, and the project foundation.

These series of unlock events may have a certain impact on market liquidity and short-term price trends, so traders should conduct risk assessments in advance.