Next week (December 29 to January 2), the crypto market will enter a period of intensive unlocks. Several large unlock projects require close attention, as they may cause significant short-term market impact.

First, let's talk about Hyperliquid (HYPE), which is the target with the largest selling pressure next week. On December 29 at 15:30, approximately $256 million worth of tokens will be unlocked, corresponding to 9.92 million tokens. This unlock accounts for 2.87% of the circulating supply. While the percentage doesn't seem particularly high, the key issue is the enormous dollar value involved—such a large influx of funds into the market could pose a liquidity challenge.

The situation with EigenCloud (EIGEN) is even more concerning. On January 1 at 12:00, an unlock of only $14.4 million will occur, but it represents a staggering 9.74% of the circulating supply—nearly one-tenth of the total supply released at once. This could cause quite a sharp impact on the token price. Such proportionally large unlocks have historically triggered short-term volatility.

Additionally, attention should be paid to Sui (SUI). On January 1 at 08:00, $63.4 million worth of tokens will be unlocked. Although the amount is significant, it only accounts for 1.17% of the circulating supply, which is within the normal linear unlock range. However, overall liquidity might fluctuate during the New Year holiday period, which should not be overlooked.

In summary, next week is a peak period for token unlocks. Those holding related tokens should stay alert.