A significant wave of digital asset liquidity is set to impact cryptocurrency markets this week, with over $120 million worth of tokens scheduled for release across multiple altcoin projects. The headline event is a massive $60.9 million SUI token unlock on February 1, 2026, representing 1.15% of its circulating supply. This event is part of a broader schedule of seven major unlocks occurring between January 28 and February 1, 2026.
According to data from Tokenomist, the week's unlocks present a diverse range by value and percentage of supply. The schedule begins on January 28 with SIGN releasing 290 million tokens valued at $11.61 million, constituting a substantial 17.68% of its circulating supply. Jupiter (JUP) follows with a 53.47 million token unlock worth $9.94 million, representing 1.70% of its supply.
Mid-week activity intensifies with notable releases. TREE will unlock 85.73 million tokens worth $8.34 million, which equates to a significant 39.41% of its circulating supply—the largest relative increase of the week. KMNO will release 230 million tokens valued at $10.07 million, representing 3.68% of supply.
The latter part of the week features unlocks from established layer-1 and layer-2 networks. Optimism (OP) will release 31.34 million tokens valued at $8.97 million on January 31, representing 1.62% of its circulating supply. The week concludes on February 1 with the major SUI unlock and a simultaneous EIGEN release of 36.82 million tokens worth $11.56 million, accounting for 8.88% of its circulating supply.
Market analysts emphasize that the impact of these unlocks depends on multiple factors. Unlocks representing a small fraction of circulating supply (like JUP's 1.70% or SUI's 1.15%) historically show less pronounced price movement, while those with large percentage increases like TREE's 39.41% have higher correlation with volatility. The overall market condition, recipient profiles (early investors vs. community rewards), and whether unlocked tokens are immediately sold or put to productive use within ecosystems are crucial determinants of net selling pressure.
This concentrated period of unlocks provides a real-time case study in tokenomics and supply dynamics, testing market depth and investor sentiment during a period when Bitcoin has already faced downward pressure, recently falling to around $86,000 amid concerns about a potential US government shutdown.
