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3 Token Unlocks to Watch in the First Week of May 2026

The crypto market will welcome tokens price round $621.4 million in the first week of May 2025. Major tasks, together with Hyperliquid (HYPE), Ethena (ENA), and RedStone (RED), will launch vital new token provides. 

These unlocks may introduce market volatility and affect short-term value actions. So, right here’s a breakdown of what to watch.

1. Hyperliquid (HYPE)

  • Unlock Date: May 6
  • Number of Tokens to be Unlocked: 422,000 HYPE
  • Released Supply: 425.24 million HYPE
  • Total Supply: 1 billion HYPE

Hyperliquid is a leading decentralized perpetual futures alternate constructed by itself Layer-1 blockchain. It gives high-performance buying and selling with low latency, on-chain order books, and sub-second transaction finality.

On May 6, the staff will unlock 422,000 HYPE worth $17.5 million. The tokens account for 0.18% of the launched provide.

HYPE Crypto Token Unlock in May. Source: Tokenomist

The staff has allotted the unlocked provide to core contributors. Tokenomist identified that HYPE has traditionally claimed far fewer tokens than its projected unlock quantities.

2. Ethena (ENA)

  • Unlock Date: May 5
  • Number of Tokens to be Unlocked: 171.88 million ENA 
  • Released Supply: 8.09 billion ENA
  • Total Supply: 15 billion ENA

Ethena is an artificial greenback protocol built on Ethereum (ETH). The protocol’s flagship product is USDe, an artificial greenback stablecoin. Furthermore, ENA is the protocol’s governance token.

The staff will launch 171.88 million ENA tokens on May 5. The tokens, price $17.28 million, account for two.12% of the launched provide.

ENA Crypto Token Unlock in May. Source: Tokenomist

Ethena will award the 93.75 million tokens to core contributors. In addition, the buyers will obtain 78.13 million ENA. 

3. RedStone (RED)

  • Unlock Date: May 6
  • Number of Tokens to be Unlocked: 40.85 million RED
  • Released Supply: 334.94 million RED
  • Total Supply: 1 billion RED

RedStone is a modular blockchain(*3*), real-time exterior knowledge into good contracts and decentralized finance (DeFi) purposes throughout a number of blockchains.

The staff will launch 40.85 million tokens on May 6. The tokens are price $5.54 million. Furthermore, they account for 12.2% of the launched provide.

RED Crypto Token Unlock in May. Source: Tokenomist

The staff will break up the unlocked provide 4 methods. Early backers will get 26.42 million tokens. Core contributors will obtain 5.56 million RED. 

In addition, the staff will allocate 5.54 million altcoins to the ecosystem and knowledge suppliers. Lastly, it should direct 3.33 million tokens in direction of protocol improvement.

In addition to these three, Space and Time (SXT), Opinion (OPN), and BounceBit (BB) may also expertise a brand new provide getting into the market in the first week of May.

The publish 3 Token Unlocks to Watch in the First Week of May 2026 appeared first on BeInCrypto.

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