HYPE, ENA, RED Face Over $15M in Combined Token Unlocks

Edgen Crypto

·Mar 02 2026, 17:54

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Key Takeaways

A report from Tokenomist highlights significant upcoming token unlocks for HYPE, ENA, and RED. The introduction of millions of dollars worth of new supply for each asset is expected to create bearish pressure and potential price volatility in the coming week.

Three cryptocurrencies—HYPE, ENA, and RED—are scheduled for large, one-time token unlocks within the next seven days.
Each unlock is valued at more than $5 million, introducing a combined total of over $15 million in new supply to the market.
This substantial increase in circulating tokens is expected to generate significant selling pressure, posing a short-term risk to the assets' prices.

Over $15M in New Supply Scheduled for HYPE, ENA, RED

According to a March 2 report from Tokenomist, the cryptocurrencies HYPE, ENA, and RED are each scheduled for a one-time token unlock valued at over $5 million. The events, set to occur within the next seven days, will introduce a combined total of more than $15 million in newly liquid assets to the market. The data, shared by blockchain analyst Wu Blockchain, signals a significant increase in the circulating supply for these three tokens.

Unlocks Poise Significant Downside Risk for Prices

The sudden influx of tokens is a classic bearish catalyst, as it enables early investors and project insiders to sell holdings that were previously locked. This surge in available supply can overwhelm existing buy-side demand, creating substantial downward pressure on prices. Investors are now closely monitoring these assets for potential price depreciation, as the event could also attract short-sellers looking to capitalize on the expected volatility.