Three token unlocks sit on the calendar this week. According to Tokenomist data reported by BeInCrypto, Bitway unlocks 101.63 million tokens on 2 November, Kite unlocks 640 million on 3 November, and Hyperliquid unlocks 180,000 on 6 November. The reported shares of released supply are 3.37%, 17.41% and 0.08%. The article notes that the Bitway and Kite figures are projected and still awaiting verification, and that the Hyperliquid figure is on-chain data that differs from the earlier projected schedule.
The three numbers are a useful lesson in how to read an unlock, and in what a founder should prepare.
Three numbers to look at
- Size relative to released supply. 0.08% and 17.41% are very different events. Check which supply the percentage refers to. The article above reports it against released supply, not circulating supply, and the two are not the same.
- Who receives the tokens. An unlock to a team, an investor group or a community pool carries different intent. The schedule should say.
- Whether the figure is a schedule or a fact. Projected schedules and on-chain results can differ, as the Hyperliquid case shows. Anyone writing about an unlock should say which one they are quoting.
What we look at before an investment
We read a project's unlock schedule early in diligence. We look for cliffs that land close together, large unlocks soon after TGE, and gaps between the published schedule and what the team tells us. The question is simple: can the team explain every date and every recipient in one page?
What founders should prepare
- A published vesting and unlock schedule that matches the contracts.
- A one-page summary: total supply, allocation by group, cliff and vesting for each group.
- A plan for communication before large unlocks, so the community hears the date from the team.
- A review of the first 12 months after TGE, since that is when most unlock questions arrive.
None of this predicts price. The effect of an unlock depends on the market, the recipients and what they choose to do. The preparation is about credibility, and credibility is easier to build before the date than after it.
How we help
Our Free Stage includes a tokenomics review before any investment. If you are building a token and raising, apply at vanneck.xyz.
Unlock data is as reported on 2 November 2026 and may change. This article is not investment advice.