The cryptocurrency market is preparing for a significant liquidity event as a concentrated schedule of token unlocks, valued at over $120 million, is set to occur between February 23 and March 1, 2026. According to data from Tokenomist, this wave involves major releases from several prominent altcoin projects, potentially introducing selling pressure as previously locked tokens enter the circulating supply.
The headline releases involve substantial unlocks for SUI and Jupiter (JUP). The SUI blockchain will see $39.9 million worth of tokens (1.13% of circulating supply) unlocked on March 1. Simultaneously, the Jupiter decentralized exchange aggregator on Solana will have 253 million JUP tokens, valued at $38.12 million (7.94% of supply), released on February 28. These represent two of the largest individual unlocks by dollar value.
The schedule, detailed across multiple sources, includes a diverse array of 23 altcoins. Notable unlocks include: a $17.32 million release for Humanity (H) on February 25; a $7.99 million unlock for Plasma (XPL) also on February 25; and a $9.73 million release for Grass (GRASS) on February 28, which at 13.15% of its circulating supply, constitutes the largest relative supply increase of the week.
Other projects with scheduled unlocks include Meteora (MET), Zora (ZORA), Spacecoin (SPACE), Avail (AVAIL), SoSoValue (SOSO), ChainOpera AI (COAI), Venom (VENOM), Irys (IRYS), GateToken (GT), Sahara AI (SAHARA), Huma Finance (HUMA), Optimism (OP), GUNZ (GUN), BSquared Network (B2), Sign, Treehouse (TREE), Open Campus (EDU), Kite (KITE), and EigenCloud (EIGEN). The collective value of these unlocks tests market depth and investor sentiment.
Analysts note that token unlocks can induce short-term volatility as early investors, team members, or advisors may look to realize profits. The impact often depends on the unlock's size relative to daily trading volume and the broader market context. Transparent communication from project teams regarding the purpose of the unlocked tokens—whether for ecosystem development, staking, or investor distribution—is considered crucial for managing market sentiment during these periods.
