As February 2026 draws to a close, the crypto market is gearing up for a new round of liquidity challenges. According to on-chain analytics platform Tokenomist, the final week of February (February 23–March 1) will see several projects undergo major one-time token unlocks, collectively releasing over $120 million worth of tokens. Such concentrated unlocks typically intensify short-term market volatility and impact investor sentiment. For traders closely monitoring market dynamics, understanding the specifics of these key events is crucial. Based on the latest data as of February 24, 2026, this article highlights the three most significant token unlocks to watch this week.
Jupiter (JUP): Massive Community Airdrop Leads Unlock Wave
As a core liquidity aggregator in the Solana ecosystem, Jupiter has consistently dominated the DEX aggregation sector thanks to its optimized trade routing and low slippage experience. This week’s Jupiter unlock stands out as a major event.
Latest data shows Jupiter will unlock approximately 253 million JUP tokens on February 28, representing 7.94% of its current circulating supply and valued at around $38.12 million at current prices. Notably, this unlock far exceeds its typical monthly unlock of 53.47 million tokens, primarily due to the inclusion of the annual "Jupuary" airdrop program. Of the unlocked tokens, 200 million JUP will directly reward long-term community supporters, while the remaining 38.89 million will go to the team and 14.58 million to stakeholders.
JUP token unlock details. Source: Tokenomist
Gate market data shows that as of February 24, 2026, JUP is priced at $0.1413. The token declined 2.72% in the past 24 hours and dropped 14.52% over the past week. Despite potential selling pressure from the unlock, market sentiment remains "neutral." According to long-term price prediction models, JUP’s average price in 2026 is expected to hover around $0.1413, with a projected range between $0.1074 and $0.1484. This large-scale unlock directly tests the market’s absorption capacity, especially after a 28.67% drop in the past 30 days. The impact of this $38 million increase in circulating supply on the supply-demand balance warrants close attention.
Humanity (H): Critical Supply Test for Identity Protocol
Humanity Protocol is an innovative project that leverages biometric technologies (such as palm recognition verified by zero-knowledge proofs) to build a decentralized identity verification system. Its core mission is to ensure "proof of humanity" and prevent bot-driven Sybil attacks.
According to the schedule, Humanity will unlock 105 million H tokens on February 25, accounting for 4.37% of circulating supply and valued at approximately $17.19 million. The distribution plan is clear: 50 million tokens will go to the ecosystem fund, 42.86 million will reward identity verification users, and 12.5 million will support foundation operations.
H token unlock details. Source: Tokenomist
As of February 24, Gate data shows H is priced at $0.1303. The token has seen sharp volatility, dropping 18.37% in the past 24 hours and plunging 34.71% over the past seven days. While the imminent unlock introduces short-term uncertainty, price prediction data indicates the market remains optimistic about the project’s long-term outlook, forecasting an average price of $0.1303 in 2026 and a potential return of up to +88.00% by 2031. For Humanity, whether the ecosystem fund’s new supply will fuel sustained growth or trigger short-term sell-offs will be a key factor in this week’s price action.
Grass (GRASS): High-Proportion Unlock for Bandwidth Mining Pioneer
Grass is an innovative Depin project that enables users to earn token rewards by selling unused internet bandwidth, aiming to build a decentralized data scraping network.
Grass’s unlock is also scheduled for February 28, with 55 million GRASS tokens set to be released. While its absolute value (about $9.73 million) is lower than the previous two, it represents 13.15% of circulating supply—the highest unlock ratio this week. This means dilution effects for existing token holders could be most pronounced. All unlocked tokens will be allocated to project contributors.
GRASS token unlock details. Source: Tokenomist
Gate’s live market data shows GRASS currently trading at $0.1679. The token has been weak recently, falling 2.55% in the past 24 hours, 17.63% over seven days, and 37.31% in the past 30 days. With a circulating market cap of just $79.18 million, the new supply from this unlock is significant relative to its market size. Price predictions indicate a wide range for GRASS in 2026, with lows at $0.1225 and highs potentially reaching $0.1981. Although market sentiment is currently "bullish," such a large unlock poses a serious challenge to short-term price support.
Summary
In summary, the final week of February 2026 will see the crypto market undergo token unlocks totaling over $60 million (counting only JUP, H, and GRASS). Jupiter leads in absolute value, Grass has the strongest dilution effect, and Humanity is at a pivotal stage of ecosystem development. Historical trends show that token unlocks do not necessarily result in price declines—the ultimate impact depends on overall market sentiment, project fundamentals, and the actual use of unlocked tokens (whether for ecosystem rewards or immediate liquidation). As an investor, it is essential to closely monitor changes in trading volume and on-chain wallet activity before and after unlocks to make informed decisions.
