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Several mid-caps have $5M+ cliff unlocks scheduled over the next few days ([HYPE](https://coinmarketcap.com/currencies/hyperliquid/), ENA, RED etc. In thinner liquidity conditions, unlocks tend to hit price through simple supply mechanics: new circulating supply → sell pressure / early investor exits → order book imbalance Markets often price this in before the actual unlock, so weakness can show up ahead of the event rather than on the day itself. Came across a clear breakdown of how clustered unlocks affect altcoin liquidity: [https://btcusa.com/5m-token-unlock-wave-incoming-hype-ena-red-and-the-short-term-altcoin-supply-shock/]() …
— ORIGINAL POST ·
Large token unlocks coming this week (HYPE, ENA, RED)
· r/altcoin
· Mar 2, 2026