Crypto Token Unlocks Shaping the Market in November 2025
As we approach the end of November 2025, the cryptocurrency market is preparing for significant token unlocks from several major projects. This week alone, over $566 million worth of tokens will flood the market, potentially causing short-term volatility and impacting crypto prices.
From decentralized exchanges to blockchain platforms, these projects are making key moves. Below, we break down the most anticipated token unlocks from Hyperliquid (HYPE), Plasma (XPL), and Jupiter (JUP)—plus a few others worth noting.
1. Hyperliquid (HYPE): $327 Million Unlock Incoming
Hyperliquid, renowned for being a high-performance decentralized perpetual futures exchange, is set to release 9.92 million HYPE tokens on November 29. Valued at approximately $327.35 million, this unlock represents 2.66% of the current supply. All distributed tokens will go toward rewarding core contributors, aiming to drive further innovation within its Layer-1 blockchain.
Hyperliquid has gained traction for offering low latency, on-chain order books, and sub-second transaction finality. If you’re involved in futures trading, Hyperliquid’s cutting-edge platform might be worth exploring further. Learn more about their offering here.
2. Plasma (XPL): Boosting Ecosystem Growth
Plasma, a fast-growing Layer-1 blockchain focused on stablecoin transaction efficiency, will release 88.89 million XPL tokens worth $17.53 million on November 25. This unlock represents 4.74% of the total circulating supply and will be fully allocated to ecosystem growth initiatives, spurring global advancements in scalable blockchain solutions.
Plasma’s standout feature is its zero-fee USDT transfers and proprietary gas token system. Crypto enthusiasts who value confidential and seamless stablecoin transactions should keep Plasma on their radar.
3. Jupiter (JUP): Optimizing Liquidity on Solana
Jupiter, a decentralized liquidity aggregator operating on the Solana blockchain, will unlock 53.47 million JUP tokens valued at $12.83 million on November 28. This accounts for 1.69% of the total supply, with allocations divided between the development team and stakeholders.
Specializing in providing the best trade routes across multiple decentralized exchanges (DEXs), Jupiter ensures minimal slippage and competitive token swap prices. With Solana’s ecosystem growing, Jupiter plays a vital role in promoting seamless token liquidity.
Other Noteworthy Unlocks
Aside from HYPE, XPL, and JUP, the market will also see notable releases from projects like Artificial Superintelligence Alliance (FET), Aerodrome Finance (AERO), and IOTA (IOTA). These unlocks signal an exciting time for the crypto space as investors prepare to reassess their portfolios and strategies.
Key Takeaways
Token unlocks are a crucial factor to monitor if you’re keen on understanding market shifts. While these releases might affect short-term price stability, they also highlight the ongoing growth and development of crypto projects. As always, thorough research is essential before making any investment decisions.
To stay ahead of market changes, consider exploring investment opportunities or using secure crypto wallets like Ledger Nano X to safely store your assets. Whether you’re a seasoned crypto investor or a curious newcomer, keeping tabs on major events like token unlocks can empower you to make informed choices.
