Crypto▲ Bullish
Three Token Unlocks Worth $73M Hit Markets in Early August
Succinct, Hyperliquid, and Ethena unlock $73M in tokens starting Aug 5. Historical claim rates suggest actual supply impact may be lower than scheduled.
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Token unlocks from Succinct, Hyperliquid, and Ethena will inject roughly $73 million in new supply into the crypto market during the first week of August, according to Tokenomist data.
Succinct leads the batch. On August 5, the project releases 208.33 million PROVE tokens, worth about $34.7 million. That is 104% of the current circulating supply. The allocation splits into two main streams: 83.33 million tokens for ecosystem and research, and 100 million for core contributors and investors combined. The Succinct Foundation receives 8.33 million. The public allocation and incentives get 16.67 million.
Hyperliquid follows on August 6. The network will put 433,000 HYPE tokens into circulation, valued at $22.74 million. That is 0.19% of the existing supply. The entire unlock goes to core contributors. Tokenomist data shows that actual claim amounts on Hyperliquid have been significantly lower than projected on past release dates, which could limit the immediate market impact.