There are several notable token unlock events worth paying attention to in the past week.

Let's start with the situation this weekend. HYPE was the first to unlock on December 29th at 3:30 PM (Beijing time), with a scale of 9.92 million tokens, accounting for approximately 2.87% of the circulating supply, worth about $256 million USD. Immediately after, on the morning of the 30th, two projects, SVL and ZORA, simultaneously underwent large-scale unlocks—SVL prepared to release 234 million tokens (2.96% of circulating supply, valued at $6.8 million USD), while ZORA's 166 million tokens, with a larger scale, accounted for 4.17% and were worth about $6.7 million USD.

By 8 PM on the 30th, KMNO also planned to release 229 million tokens, representing 5.35% of the circulating supply, with a market value of around $11.8 million USD.

As we enter the New Year period, on the morning of the 31st, OP will unlock 31.34 million tokens (1.65%, valued at $8.6 million USD), followed by the unlocking of 43.69 million SUI tokens on the morning of January 1st, marking the start of the new year. Although this release accounts for the smallest proportion of the circulating supply (1.17%), with a value of $63.4 million USD, it remains an event not to be overlooked.

From the data, ZORA's unlock has the greatest impact on circulating supply, followed by KMNO, while other projects are relatively moderate. Market participants should pay attention to potential price fluctuations around these time points.