Token unlocks November 2 to 8: $1.05 billion due, led by HYPE, and Kite's float jumps 27%

What DeepSea's data shows

Traders were leaning long on HYPE going into the unlock. On November 2, DeepSea's long/short page showed $546.93 million of HYPE longs against $119.35 million of shorts among the wallets it tracks, the third-largest long book after ether and bitcoin.

Ethena's token was weaker. DeepSea's ENA page showed ENA down 16.6% over seven days, and the large holders it labels as whales were net sellers of about $3.66 million of ENA over the week, while its smart money wallets showed no net change.

For Kite, DeepSea's KITE page showed just $741,200 of on-chain liquidity on Ethereum and $56,000 of 24-hour volume there, a thin market next to a release CoinGecko values at about $78.5 million. Most KITE trading may happen on exchanges DeepSea does not count on that page.

Data: DeepSea (desea.io), checked November 2, 2026, 12:59 p.m. ET.

What unlocks this week

Five tokens have scheduled unlocks between November 2 and November 8, 2026, according to the unlock calendars on their CoinGecko pages, checked on November 2, 2026. At that day's prices the releases add up to about $1.05 billion, led by Hyperliquid's HYPE at about $830 million.

An unlock is the moment locked tokens, usually held for a team, investors or a treasury, become free to move. It adds to the supply that can trade, but it does not mean anyone sells. Our guide to token unlocks explains cliffs, vesting and why claims often lag the schedule.

The list below uses only unlocks we could match to a tracker figure from CoinGecko and, where available, the project's own documents. Dollar values are CoinGecko's, based on prices on November 2, 2026, and will move with the market.

Token by token

Measured in dollars, one token dominates. Measured against circulating supply, the picture changes: Kite's release is more than six times larger, in relative terms, than HYPE's.

• Bitway (BTW), November 2: 101.63 million BTW, about $109.5 million, split between community (60.17 million) and ecosystem (41.46 million) allocations, per CoinGecko. That is 1% of the 10 billion total supply and about 6.7% of the 1.506 billion BTW CoinGecko counts as circulating.
• Kite (KITE), November 3: 640 million KITE, about $78.5 million: 400 million for the team, advisors and early contributors and 240 million for investors, per CoinGecko. That is 6.4% of total supply and about 27% of the 2.391 billion KITE circulating.
• Ethena (ENA), November 5: 93.75 million ENA for core contributors, about $16.5 million, per CoinGecko. About 0.7% of the 13.406 billion ENA circulating.
• Hyperliquid (HYPE), November 6: 9.92 million HYPE for core contributors, about $830.2 million at a price of $83.71, per CoinGecko. About 4.1% of the 239.4 million HYPE circulating.
• Avalanche (AVAX), November 8: 1.67 million AVAX for the foundation, about $14.2 million, per CoinGecko. About 0.4% of the 444.1 million AVAX circulating.

Hyperliquid: the biggest number, the least certain sale

HYPE's November 6 tranche is the week's headline at about $830 million. CoinGecko lists it as 9.92 million HYPE, or 1% of total supply, going to core contributors.

A scheduled unlock is a tracker's model, not a record of what moves. Whether core contributors claim and transfer the full 9.92 million can only be seen on-chain after November 6. LC Insight could not find an official Hyperliquid post stating how much of the November tranche the team will claim, so this article uses the scheduled amount.

For more on how the exchange and its token work, see our guide to Hyperliquid.

Kite: a first cliff for team and investors

Kite's release is small in dollars but large for its float. The 640 million KITE equal about 27% of what CoinGecko counts as circulating.

Kite's MiCA whitepaper, the disclosure document required in the EU, says the team and investors are subject to a 1-year cliff with a 4-year unlock. A cliff means nothing unlocks for a set period, then a tranche releases at once. The whitepaper caps total supply at 10 billion KITE, the same figure CoinGecko shows. It does not give a calendar date for the cliff, so the November 3 timing rests on CoinGecko's tracker.

Ethena, Bitway and Avalanche

Ethena's figure can be checked against the project's own rules. Ethena's tokenomics docs give core contributors 30% of supply, locked on a 1-year 25% cliff, then vesting linearly each month for 3 years. With the 15 billion ENA total supply shown on CoinGecko, that is 4.5 billion tokens, and the monthly linear part works out to exactly 93.75 million, the amount CoinGecko lists for November 5.

Bitway's relative size depends on the circulating figure used. CoinGecko shows 1.506 billion BTW circulating out of 10 billion in total. On that count, the November 2 release is about 6.7% of circulating supply.

Avalanche's 1.67 million AVAX, listed for the foundation on November 8, is the smallest of the five in both dollar and relative terms.

Why the dollar total can mislead

A $1.05 billion week sounds heavy, but nearly four-fifths of it is one token, and a scheduled release is not the same as tokens actually moving. The more useful measure is the unlock as a share of circulating supply, and who receives it. Team and investor tranches, like KITE's, are the ones most often watched. Community and ecosystem tranches, like BTW's, may be spent over time on grants and incentives. Our guide to FDV and market cap explains how to read that gap.

None of this predicts a price. It shows how much new supply each market has to absorb.

What's next

• Any official Hyperliquid statement on how much of the November tranche is claimed
• On-chain movements of the KITE team and investor allocations after November 3
• Whether Bitway publishes its own circulating supply figure
• The next ENA core contributor tranche, due on the same monthly schedule