The biggest standout on this week’s unlock list is here: KITE is releasing 670 million tokens at once, worth about $76.84 million—equivalent to 27.9% of its circulating supply.

There are two more unlocks on the list this week: 100 million Bitway tokens, worth about $110 million, and 140 million Ethena tokens, worth about $25.64 million. Together, the three unlocks are worth about $212.48 million. The 27.9% figure on the list compares the unlock amount with the circulating supply; it doesn’t mean the circulating supply will increase by 27.9%. KITE builds infrastructure for AI agents.

I think the key thing to watch this week isn’t the size of any single unlock, but how much new supply the market will have to absorb all at once when these three are combined. KITE’s share is also the easiest one to single out and calculate.

Would you focus first on KITE’s 27.9% share, or on the overall impact of the three unlocks, worth a combined $212.48 million?

Follow me, and when the next batch of unlock amounts is announced, I’ll be the first to convert them into a percentage of circulating supply for you.

$KITE