The crypto market is bracing for a significant week of token unlocks, with 37 different projects scheduled to release vested tokens between February 9 and February 16, 2026. The combined value of these unlocks exceeds $88.37 million, a figure that could introduce notable selling pressure or buying opportunities depending on how the market absorbs the new supply. Here’s a comprehensive day-by-day breakdown of what’s coming and which tokens demand the most attention.
Why Token Unlocks Matter
Token unlocks occur when previously locked or vested tokens become available for trading. These events are critical for investors because a sudden increase in circulating supply can dilute existing holders and put downward pressure on price, especially when the unlock represents a large percentage of the token’s market cap. On the flip side, if demand is strong enough to absorb the new supply, prices can remain stable or even rally. The data for this week of Upcoming Token Unlocks in February 2026 shows unlock-to-market-cap ratios ranging from less than 0.01% to over 12%, meaning some tokens face far more dilution risk than others.
Top 3 Token Unlocks of the Week (Feb 9–16, 2026)
Top 3 Token Unlocks of the Week (Feb 9–16, 2026)
Before diving into the full daily breakdown, here are the three largest token unlocks by dollar value scheduled for this week:
1. Connex (CONX) – $15.72M Unlock on February 15
Connex will unlock approximately 1.32 million CONX tokens at 12:00 AM UTC on February 15, representing about 1.56% of the circulating supply. This is a cliff unlock distributed across two categories:
- Ecosystem: 822,500 CONX (~0.97% of released supply) – valued at ~$9.94M
- Community Treasury: 500,000 CONX (~0.59% of released supply) – valued at ~$6.05M
Despite the large dollar amount, the 1.56% ratio against its market cap keeps dilution risk moderate.
2. Avalanche (AVAX) – $15.15M Unlock on February 11
Avalanche will release 1.67 million AVAX tokens at 12:00 AM UTC on February 11. This cliff unlock is allocated entirely to the Foundation and represents just 0.32% of the circulating supply. With AVAX’s market cap sitting at approximately $3.93 billion, this is the most easily absorbed large unlock of the week.
3. Aptos (APT) – $12.09M Unlock on February 10
Aptos will unlock approximately 11.31 million APT tokens at 12:00 PM UTC on February 10, accounting for 0.69% of its circulating supply. The distribution breaks down across four recipient categories:
- Core Contributors: 3.96 million APT (~0.24% of released supply) – valued at ~$4.22M
- Community: 3.21 million APT (~0.20% of released supply) – valued at ~$3.43M
- Investors: 2.81 million APT (~0.17% of released supply) – valued at ~$3.00M
- Foundation: 1.33 million APT (~0.08% of released supply) – valued at ~$1.42M
With community members and investors accounting for over 50% of the unlocked supply (~$6.58M combined), short-term sell pressure is a real possibility, though Aptos’s TVL has actually risen by $14.04 million since February 6, suggesting longer-term capital commitment within the ecosystem.
Daily Breakdown of Token Unlocks
Daily Token Unlock Values (Feb 9–16, 2026)
February 9 – $5.57 Million Across 7 Tokens
The week kicks off with seven tokens unlocking on February 9. The largest unlock of the day belongs to MOVE at $3.75 million, representing 5.46% of its market cap – a substantial ratio that traders should monitor closely. ME follows with a $1.48 million unlock (2.32% of market cap). Smaller unlocks include GODS ($99.07K), SVL ($96.32K), WMTX ($71.23K), COPI ($52.51K), and TRUF ($21.73K). Notably, WMTX is one of the few tokens showing positive 24-hour momentum at +11.58%, while COPI is down -9.26%.
February 10 – The Week’s Biggest Day at $33.42 Million
February 10 is the most impactful day of the week, with seven tokens unlocking a combined $33.42 million. The heavyweights here are AVAX ($15.15M), APT ($12.09M), and LINEA ($4.38M). AVAX has the largest market cap of any token on this list at $3.93 billion, so its 0.32% unlock ratio is relatively modest. APT’s unlock of $12.09 million against an $819.52 million market cap (0.69%) is also manageable. However, PUFFER stands out with an unlock valued at $632.32K that represents a massive 12.36% of its market cap – the highest dilution ratio of the entire week. LINEA’s unlock of $4.38M at 5.96% of its $61.10M market cap also warrants attention.
February 11 – $5.33 Million Across 6 Tokens
Six tokens unlock on February 11, led by LAYER at $2.23 million (8.69% of market cap) and PEAQ at $1.69 million (4.68%). IO also sees a $1.39 million unlock representing 4.61% of its market cap. AERO, despite having a $293.67 million market cap, has a negligible unlock of just $29.73. DCB and HTM round out the day with modest unlocks of $16.93K and $5.30K respectively.
February 12 – $4.52 Million Across 6 Tokens
The mid-week unlocks total $4.52 million. CHEEL leads with $2.75 million, followed by CYBER at $1.65 million (3.37% of its $47.41 million market cap). CYBER also carries a notable 7-day unlock profile at $4.44M or 9.06% of market cap, making it one of the more vulnerable tokens this week. HOOK unlocks $110.82K (1.24%), while GSWIFT, NYAN, and MOVE2 contribute smaller amounts.
February 13 – Lightest Day at $142K
February 13 is the quietest day with only three tokens unlocking and a combined value of roughly $142,000. GAL accounts for nearly all of it at $141.73K (0.34% of its $30.86 million market cap). GAL is also the worst performer in terms of 24-hour price action, down -12.22%. TRIBL and VRTX have negligible unlocks of $428 and $97 respectively.
February 14 – Second-Largest Day at $24.32 Million
Valentine’s Day brings the week’s second-largest unlock wave at $24.32 million across five tokens. CONX leads with a massive $15.72 million unlock, though at 1.56% of market cap, the ratio is moderate. STRK (StarkNet) follows with $6.28 million unlocking, representing 4.61% of its $261.43 million market cap. XCN adds $1.57 million (0.79%), and WCT contributes $746.94K (3.65%). FORT’s unlock of $784 is negligible.
February 15–16 – $15.06 Million to Close the Week
The final two days see SEI unlocking $4.24 million (1.03% of its $504.11 million market cap) and CYPR releasing $22.72K on February 15. On February 16, ARB (Arbitrum) closes the week with a significant $10.80 million unlock, representing 1.82% of its $678.77 million market cap.
Tokens With the Highest Dilution Risk
Top 12 Token Unlocks by Dollar Value (Feb 9–16, 2026)
Not all unlocks are created equal. While raw dollar value matters, the unlock-to-market-cap ratio is often a better gauge of potential price impact. Here are the tokens facing the steepest dilution this week:
| Token | Unlock Value | % of Market Cap | Unlock Date |
|---|---|---|---|
| PUFFER | $632.32K | 12.36% | Feb 10 |
| LAYER | $2.23M | 8.69% | Feb 11 |
| LINEA | $4.38M | 5.96% | Feb 10 |
| MOVE | $3.75M | 5.46% | Feb 09 |
| PEAQ | $1.69M | 4.68% | Feb 11 |
| IO | $1.39M | 4.61% | Feb 11 |
| STRK | $6.28M | 4.61% | Feb 14 |
| WCT | $746.94K | 3.65% | Feb 14 |
| AGI | $821.62K | 3.42% | Feb 10 |
| CYBER | $1.65M | 3.37% | Feb 12 |
Data Source: Tokenomist
PUFFER’s 12.36% ratio is the clear outlier. With only 15.5% of its supply currently in circulation, this unlock significantly expands the tradeable float. LAYER at 8.69% and LINEA at 5.96% also face meaningful supply shocks relative to their market caps.
Key Takeaways for Traders
- High-alert tokens: PUFFER (12.36%), LAYER (8.69%), LINEA (5.96%), and MOVE (5.46%) face the most significant supply dilution relative to their current market caps.
- Large-cap resilience: AVAX and ARB have sizable dollar unlocks ($15.15M and $10.80M) but their large market caps ($3.93B and $678.77M) help absorb the impact, with ratios of just 0.32% and 1.82% respectively.
- Watch February 10 and 14: These two days account for over $57.7 million of the week’s total, or roughly 65% of all unlocking value.
- Low circulating supply tokens: PUFFER (15.5%), CYPR (9.38%), and STRK (27.58%) have the smallest portion of their total supply already in circulation, meaning unlocks represent a proportionally bigger shift in market dynamics.
Staying ahead of token unlock schedules remains one of the most practical edges in crypto trading. Whether you’re looking to avoid short-term volatility or position for potential dips, this week’s data makes it clear that informed timing is everything.
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