1,1 Md$ de tokens débloqués cette semaine : lesquels diluent vraiment les détenteurs ?

Nisto39 · 2026-10-07T10:42:26.000Z

Alors que tout le monde suivra ce soir le compte rendu de la Fed, une autre forme de pression s’exerce sur le marché cette semaine : une nouvelle offre. Entre le 5 et le 11 octobre, des tokens d’une valeur d’environ 1,11 milliard de dollars doivent être débloqués (estimation de BeInCrypto), alors que le marché est dans le rouge et que le BTC se situe autour de 84 000 $. Voici quels projets débloquent des tokens, et lesquels comptent vraiment. 1) Le plus important : Hyperliquid, le 6 octobre • 3,75 M de $HYPE tokens libérés, soit environ 336 M$ au cours actuel d’environ 89,50 $. • Cela ne représente qu’environ 0,8 % des 474,83 M de HYPE déjà libérés. • Détail important : l’équipe a indiqué que la totalité du lot serait vendue à un seul acheteur institutionnel. Il ne s’agit donc pas d’une nouvelle offre déversée sur le carnet d’ordres, mais d’une vente convenue à l’avance.

While everyone watches the Fed minutes tonight, another kind of pressure is hitting the market this week: new supply. Between October 5 and 11, about $1.11 billion of tokens are scheduled to unlock (BeInCrypto estimate), in the middle of a red day where BTC sits near $84K. Here's who unlocks what, and which ones actually matter.
1) The big one: Hyperliquid, Oct 6
• 3.75M $HYPE released, about $336M at today's ~$89.50.
• That's only ~0.8% of the 474.83M HYPE already released.
• Key detail: the team said the whole batch goes to one institutional buyer. So it isn't fresh supply dumped on the order book, it's a pre-arranged sale.
• HYPE today: -4.4% in 24h, -1.6% over 7 days.
2) Ethena, Oct 5 (already done)
• 171.88M $ENA unlocked, about $40M at ~$0.233.
• 93.75M to core contributors, 78.13M to investors, about 1.88% of released supply.
• ENA: -3.7% in 24h, about -12% over 7 days. The weakest chart of the group.
3) The ones that look small but aren't
• STABLE, Oct 8: 888.89M tokens, only ~$24M at ~$0.027, but that's about 3.3% of its circulating supply in one day (circulating goes to ~27.73B).
• MOVE, Oct 9: 162.67M tokens, ~$1.5M at ~$0.0092, yet about 3.6% of circulating (to ~4.66B).
• APT, Oct 11: 11.31M tokens, ~$8.6M, only ~0.64% of released supply.
• AERO and BABY also add supply this week.
4) How to read an unlock
• The dollar value is the headline. The % of circulating supply is what moves the price.
• Who receives matters: team and investor tranches can be sold, a pre-sold block to one buyer usually can't hit the market the same way.
• Markets often price the unlock in advance. A coin that already dropped before the date sometimes bounces after it.
Why it matters
On a day with $546M of liquidations and ETF outflows, extra supply is one more reason alts lag BTC. The biggest number this week (HYPE) may be the least dangerous one, while small-cap unlocks of 3%+ of supply are the ones to watch.
Do you check the unlock calendar before buying an alt, or only the chart? 👇
Sources: BeInCrypto via Gate News, Digital Asset calendar, Binance spot and CoinGecko prices (~13:40 Moscow time). Not financial advice.
#TokenUnlocks #Altcoins #Hyperliquid #CryptoNews #WriteToEarn