The decentralized finance (DeFi) sector is preparing for a period of heightened volatility as a series of substantial token unlocks are scheduled between April 27 and May 4, 2026. Data from analytics platforms Phoenix Group and Tokenomist indicates that the total value of tokens entering circulation during this period could exceed $330 million, potentially impacting trading dynamics for multiple projects.
Cliff Unlocks: SUI and JUP Lead the Pack
In the cliff unlock category, where a large number of tokens are released at once, Sui ($SUI) records the highest value with a scheduled unlock of $39.56 million, representing 44.81 million coins or 1.08% of its adjusted supply. Jupiter ($JUP) follows with a release of 53.47 million tokens valued at $10.14 million, equivalent to 1.53% of its adjusted supply. Other notable cliff unlocks include SIGN, which plans to release 401.11 million units worth $7.05 million—representing a significant 20.78% of its adjusted supply—and OMNI, which will distribute 7.99 million coins valued at $5.38 million, accounting for 23.25% of its adjusted supply, the highest percentage of the week.
Linear Unlocks: RAIN and SOL Dominates
In the linear unlock segment, where tokens are released gradually over time, RAIN leads with $71.65 million distributed across 9.5 billion coins, representing 1.99% of its circulating supply. Solana ($SOL) takes second place with 465,700 units worth $40.55 million, a relatively modest 0.08% of its circulating supply. The Official Trump ($TRUMP) token also features prominently, with approximately 6.33 million units estimated at $16.58 million, representing 2.72% of its circulating supply. Worldcoin ($WLD) closes the top group with 37.23 million units worth $9.70 million.
Hyperliquid, Superfortune, and Others Follow Suit
According to Phoenix Group data, Hyperliquid ($HYPE) kickstarts the unlock period on April 27 with 216.58K tokens worth $9.20 million, representing just 0.02% of the project's supply. On the same day, Official Trump ($TRUMP) will unlock 904,000 tokens worth $2.30 million (0.09% of supply), and Superfortune ($GUA) will release 21.99 million tokens valued at $17.82 million, accounting for 2.20% of supply. Following on April 28, Aster ($ASTER) unlocks 118.96 million tokens worth $77.28 million (1.52% of supply). May 1st sees multiple unlocks: EigenCloud ($EIGEN) with 36.82 million tokens ($6.62 million, 2.03% of supply), Kite AI ($KITE) with 373.25 million tokens ($56.99 million, 3.73% of supply), and Falcon Finance ($FF) with 95 million tokens ($6.54 million, 0.95% of supply). Ethena ($ENA) concludes the event on May 2nd with 94.18 million tokens worth $10.05 million (0.63% of supply).
Among smaller-scale projects, REVOX, Drift, GOAT Network, Bitlayer, and Puffverse also have vesting events scheduled, with percentages ranging between 1.12% and 1.92% of their respective total locked supplies. Market participants are closely monitoring these unlocks, as they historically signal shifts in trading dynamics and often lead to increased price volatility.
