Token Unlocks to Watch in the First Week of April 2026: SUI, EIGEN, OPN Lead With $65M in Total Value

Over $65 million worth of crypto tok ens will unlock in the first week of April 2026, with Sui (SUI), EigenCloud (EIGEN), and Opinion (OPN) leading the releases in terms of total value and percentage of circulating supply.

Major projects including SUI, EIGEN, and OPN will release significant new token supplies between March 30 and April 5. These unlocks could introduce market volatility and influence short-term price movements, particularly for tokens with high relative supply increases such as OPN (13.91% of circulating supply) and EIGEN (7.54%).

Here is a breakdown of what to watch.

1. Sui (SUI) Leads the Week With $37.2 Million Unlock

• Unlock Date: April 1, 8:00 AM Beijing Time

• Number of Tokens to be Unlocked: 42.94 million SUI

• Percentage of Circulating Supply: 1.10%

• Estimated Value: $37.2 million

Sui is a high-performance Layer 1 blockchain designed to provide instant settlement and high throughput for decentralized applications. Developed by Mysten Labs, the network uses a novel object-centric data model and the Move programming language to enable parallel transaction execution.

The team will unlock 42.94 million SUI on April 1, representing 1.10% of the circulating supply. While the percentage is relatively modest, the total value of $37.2 million makes this the largest unlock by dollar value this week. Tokens are typically allocated to early contributors, investors, and the ecosystem fund.

2. EigenCloud (EIGEN) Unlock Represents 7.54% of Circulating Supply

• Unlock Date: April 1, 12:00 PM Beijing Time

• Number of Tokens to be Unlocked: 36.82 million EIGEN

• Percentage of Circulating Supply: 7.54%

• Estimated Value: $6.3 million

EigenCloud is a decentralized cloud computing platform that leverages blockchain technology to create a distributed infrastructure network. The project aims to provide scalable and secure cloud services through a decentralized network of nodes.

The unlock of 36.82 million EIGEN tokens represents a significant 7.54% of the circulating supply. Such a high percentage could introduce notable selling pressure depending on recipient behavior. The distribution is likely allocated to ecosystem development, community incentives, and core contributors.

3. Opinion (OPN) Unlock Hits 13.91% of Circulating Supply

• Unlock Date: April 5, 8:00 PM Beijing Time

• Number of Tokens to be Unlocked: 32.09 million OPN

• Percentage of Circulating Supply: 13.91%

• Estimated Value: $6.1 million

Opinion is a decentralized governance and prediction market platform that enables users to participate in decision-making processes and forecast real-world events. The protocol leverages token-weighted voting and market-based mechanisms to surface collective intelligence.

The 13.91% supply increase is the largest relative unlock of the week. This significant percentage could create heightened volatility depending on how recipients manage their newly accessible tokens. Investors should monitor trading volume and order book depth around the unlock time.

4. Kamino (KMNO) Unlock Adds 3.37% to Circulating Supply

• Unlock Date: March 30, 8:00 PM Beijing Time

• Number of Tokens to be Unlocked: 229 million KMNO

• Percentage of Circulating Supply: 3.37%

• Estimated Value: $4.0 million

Kamino is a decentralized finance (DeFi) protocol focused on lending and liquidity solutions on the Solana blockchain. The platform offers automated yield strategies and lending markets for various digital assets.

The unlock of 229 million KMNO tokens will add 3.37% to the circulating supply. The distribution is likely tied to ecosystem incentives and community rewards.

5. Optimism (OP) Unlock Worth $3.2 Million

• Unlock Date: March 31, 8:00 AM Beijing Time

• Number of Tokens to be Unlocked: 31.34 million OP

• Percentage of Circulating Supply: 1.55%

• Estimated Value: $3.2 million

Optimism is a Layer 2 scaling solution for Ethereum that uses optimistic rollup technology to enable faster and cheaper transactions while maintaining security. The protocol has become one of the leading Ethereum scaling solutions, hosting numerous DeFi applications and NFT projects.

The team will unlock 31.34 million OP on March 31, representing 1.55% of the circulating supply. The tokens are typically allocated to project contributors, investors, and the ecosystem fund.

6. Ethena (ENA) Unlock Represents 0.52% of Supply

• Unlock Date: April 2, 8:00 AM Beijing Time

• Number of Tokens to be Unlocked: 40.63 million ENA

• Percentage of Circulating Supply: 0.52%

• Estimated Value: $3.7 million

Ethena is a synthetic dollar protocol that offers a crypto-native solution for stable value transfer. The platform’s USDe token is designed to provide a scalable, censorship-resistant stablecoin backed by delta-hedged collateral.

The 40.63 million ENA unlock represents a modest 0.52% of circulating supply, likely limiting immediate price impact. The distribution is expected to go toward ecosystem development and liquidity incentives.

7. Zora (ZORA) Unlock Adds 3.70% to Circulating Supply

• Unlock Date: March 30, 8:00 AM Beijing Time

• Number of Tokens to be Unlocked: 167 million ZORA

• Percentage of Circulating Supply: 3.70%

• Estimated Value: $2.5 million

Zora is a decentralized protocol for creating, owning, and trading NFTs and digital media. The platform enables creators to mint and sell content while maintaining ownership rights and earning royalties.

The 167 million ZORA unlock represents 3.70% of the circulating supply. The tokens are likely allocated to community incentives and ecosystem growth initiatives.

8. ZetaChain (ZETA) Unlock Worth $2.2 Million

• Unlock Date: April 1, 8:00 AM Beijing Time

• Number of Tokens to be Unlocked: 44.26 million ZETA

• Percentage of Circulating Supply: 3.37%

• Estimated Value: $2.2 million

ZetaChain is a Layer 1 blockchain focused on cross-chain interoperability, enabling developers to build omnichain applications that can manage data and value across multiple blockchains without bridging or wrapping assets.

The unlock of 44.26 million ZETA adds 3.37% to the circulating supply. The distribution is expected to support ecosystem development and community initiatives.

Frequently Asked Questions

Which token unlock is largest by value this week?

Sui (SUI) has the highest total U.S. dollar value at approximately $37.2 million, making it the most significant unlock by market value for the week of March 30-April 5.

Which unlock represents the highest percentage of circulating supply?

Opinion (OPN) has the largest relative supply increase at 13.91%, followed by EigenCloud (EIGEN) at 7.54%. These high-percentage unlocks have greater potential to dilute existing supply and impact token prices depending on market absorption capacity.

What is a token unlock and why does it matter?

A token unlock is the scheduled release of previously locked or vested cryptocurrency tokens into circulating supply. These tokens are often allocated to project founders, early investors, team members, or community treasuries. Unlocks matter because they can increase selling pressure if recipients choose to liquidate their holdings, potentially affecting token prices and market volatility.