New supply could increase liquidity and short-term price volatility.
Crypto tokens worth more than $572 million will enter the market over the next seven days. Notably, three major ecosystems, Hyperliquid (HYPE), Ethena (ENA), and RedStone (RED) will release new token supply into circulation in early March 2026.
The token unlocks will inject fresh liquidity into the market and can also trigger price swings and volatility. So, here is a breakdown of what to watch for in each project.
Hyperliquid is a leading decentralized perpetual futures exchange built on its own Layer-1 blockchain. It offers high-performance trading with low latency, on-chain order books, and sub-second transaction finality.
On March 6, the team will unlock 9.92 million HYPE worth $316.64 million. The tokens account for 2.72% of the released supply.
Hyperliquid will direct all unlocked altcoins to core contributors.
RedStone is a modular blockchain oracle protocol that feeds trusted, real-time external data into smart contracts and decentralized finance (DeFi) applications across multiple blockchains.
The team will release 40.85 million tokens on March 6. The tokens are worth $6.04 million. Furthermore, they account for 16.13% of the released supply.
The team will split the unlocked supply four ways. Early backers will get 26.42 million tokens. Core contributors will receive 5.56 million RED.
In addition, the team will allocate 5.54 million altcoins to the ecosystem and data providers. Lastly, it will direct 3.33 million tokens towards protocol development.
Ethena is a synthetic dollar protocol built on Ethereum (ETH). The protocol’s flagship product is USDe, a synthetic dollar stablecoin. Furthermore, ENA is the protocol’s governance token.
The team will release 40.63 million ENA tokens on March 2 via its cliff vesting schedule. The tokens, worth $4.21 million, account for 0.53% of the released supply.
Ethena will award the entire unlocked supply to the Foundation. In addition to these three, Staika (STIK), Spectral (SPEC), and IOTA (IOTA) will also experience new supply entering the market in the first week of March.
