Crypto Markets Face $100 Million Supply Shock This Week

The final days of March and the first week of April are shaping up to be important for crypto markets. More than $100 million worth of tokens are set to unlock between March 30 and April 5, 2026, spanning ten different projects and hitting the market across just six days.

Token unlocks matter because they release previously locked supply into circulation, which can create selling pressure if early investors, team members, or protocol treasuries decide to offload their holdings. Here is a breakdown of what is coming and when:

The Big One: Sui Leads the Week

The largest single unlock belongs to Sui, with $47.5 million worth of $SUI tokens set to release on April 1. That represents 53.4 million tokens, equal to 0.53% of total supply. As the dominant unlock of the week by a wide margin, $SUI traders will want to watch price action closely heading into Tuesday.

Definitive Brings the Second Largest

Definitive’s $EDGE token comes in second with $16.6 million unlocking on April 2. 138.3 million $EDGE tokens will be released, representing a substantial 13.8% of total supply. That is by far the highest percentage unlock of the week and could have an outsized impact on price if a significant portion enters the open market.

Mid-Tier Unlocks Worth Watching

Ethena’s ENA token sees $8.81 million unlock on April 2, releasing 94.1 million tokens representing 0.63% of supply. GUNZ follows with $7.03 million unlocking on March 31, representing 4.1% of its total supply across 410.3 million GUN tokens. EigenCloud rounds out the top five with $6.5 million in $EIGEN tokens unlocking on April 1, equal to 2.04% of supply.

Smaller Unlocks

The remaining five unlocks are smaller in dollar terms but still relevant for holders of those specific assets. Optimism releases $3.39 million in OP on March 31, while Bitway unlocks $2.91 million in BTW on April 2. Zama, Zora and Keeta each unlock between $2.47 million and $2.7 million, with Keeta’s KTA unlock landing slightly later on April 5.

What This Means for the Market

Collectively, these unlocks add new supply across multiple tokens in a compressed timeframe. The projects most likely to face selling pressure are those with the highest percentage unlocks relative to their circulating supply. By that measure, $EDGE at 13.8%, GUN at 4.1% and $EIGEN at 2.04% carry the most risk of short-term downward price movement if recipients choose to sell.