The largest unlocks of April 2026: where to expect pressure on the market

April 2026 is characterized by a series of large token unlocks in key L1/L2 projects, which may create short-term pressure on prices.

The most significant event is the unlock of Wormhole ($W ) on April 3rd. Approximately 28.39% of the supply is expected to be unlocked, making it one of the largest cliff unlocks of the month and potentially creating significant sell pressure.

At the beginning of the month, there will also be an unlock of Sui ($SUI ) (April 1st), related to community allocation. Such unlocks are usually less aggressive but still add liquidity to the market.

The unlock of Hyperliquid (HYPE) is scheduled for April 6th — about 2.65% of circulating supply, which is classified as medium in scale and may cause local volatility.

In the second half of the month, attention will shift to Arbitrum ($ARB ) — the unlock on April 16th, related to the DAO Treasury and cliff mechanics, which traditionally creates uneven pressure on the price.

Overall, April demonstrates a typical structure: large cliff unlocks create risks for the market, while gradual unlocks reduce the shock effect. The key factor is not only the volume but also who exactly receives the tokens.