Preview of Token Unlocks in the Last Week of February 2026: Focus on Jupiter(JUP), Humanity(H), and Grass(GRASS)

As February 2026 comes to an end, the crypto market is about to face a new round of liquidity tests. According to data from the on-chain analysis platform Tokenomist, during the last week of February (February 23 to March 1), several projects will undergo large-scale token unlocks, releasing a total value of over $120 million. Such concentrated unlocks often intensify short-term market volatility and influence investor sentiment. For traders closely monitoring market dynamics, understanding these key events is crucial. This article, based on the latest data up to February 24, 2026, highlights the three most noteworthy token unlock events this week.

Jupiter (JUP): Massive Community Airdrop Leads the Unlock Wave

As a core liquidity aggregator within the Solana ecosystem, Jupiter has consistently held a top position in the DEX aggregation space thanks to its optimized trading routes and low slippage experience. This upcoming unlock is undoubtedly the highlight of the week.

According to the latest data, Jupiter will unlock approximately 253 million JUP tokens on February 28, representing 7.94% of its current circulating supply. At the current price, this is worth about $38.12 million. Notably, this unlock exceeds its usual monthly unlock of 53.47 million tokens, mainly due to an annual airdrop program called “Jupuary.” Of the tokens being unlocked, 200 million JUP will be directly used to reward long-term community supporters, with the remaining 38.89 million allocated to the team and 14.58 million to stakeholders.

JUP Token Unlock Details, Source: Tokenomist

As of February 24, Gate data shows JUP’s current price at $0.1413. The token has decreased by 2.72% in the past 24 hours and has fallen 14.52% over the past week. Despite potential selling pressure from the unlock, market sentiment remains “neutral.” Long-term price prediction models suggest that the average price of JUP in 2026 will hover around $0.1413, with a potential fluctuation range between $0.1074 and $0.1484. This large-scale unlock is a direct test of market absorption capacity, especially after a 28.67% decline over the past 30 days. How this $38 million increase in circulating supply will affect supply and demand warrants ongoing attention.

Humanity (H): Key Supply Test for Identity Protocol

Humanity Protocol is an innovative project that uses biometric technology (such as zero-knowledge proof-verified palm print recognition) to build a decentralized identity verification system. Its core goal is to ensure “proof of humanity” and prevent bot attacks.

The plan is for Humanity to unlock 105 million H tokens on February 25, representing 4.37% of its circulating supply, worth approximately $1.72 million. The token distribution is straightforward: 50 million will be injected into the ecosystem fund, 42.86 million will reward identity verification users, and the remaining 12.5 million will be used for foundation operations.

H Token Unlock Details, Source: Tokenomist

As of February 24, Gate data shows H’s price at $0.1303. The token has experienced recent volatility, with an 18.37% drop in 24 hours and a 34.71% decline over the past week. Although the upcoming unlock introduces short-term uncertainty, market forecasts remain optimistic about the project’s long-term prospects. The predicted average price in 2026 is $0.1303, with a potential upside of +88.00% by 2031. For Humanity, whether the additional supply from the ecosystem fund will be used to sustain growth or trigger short-term sell-offs is a key factor influencing this week’s price movement.

Grass (GRASS): A Relatively Large Unlock for Bandwidth Mining Pioneer

Grass is an innovative DePIN project that allows users to earn tokens by selling idle internet bandwidth, aiming to build a decentralized data scraping network.

The Grass unlock is scheduled for February 28, with 55 million GRASS tokens to be released. Although its absolute value (~$9.73 million) is lower than the previous two, it accounts for a high 13.15% of its circulating supply, making it the token with the highest unlock ratio this week. This suggests that existing token holders may experience significant dilution. All tokens from this unlock will be allocated to project contributors.

GRASS Token Unlock Details, Source: Tokenomist

According to real-time Gate data, GRASS is currently priced at $0.1679. The token has shown weak recent performance, down 2.55% in 24 hours, 17.63% over 7 days, and 37.31% over 30 days. Given its circulating market cap of only $79.18 million, this unlock represents a relatively sizable increase in supply. Price forecasts indicate a wide expected fluctuation range for 2026, from a low of $0.1225 to a high of $0.1981. While market sentiment is currently “bullish,” the large proportion of the unlock poses a serious challenge to short-term price support levels.

Summary

In conclusion, the last week of February 2026 will see over $60 million worth of token unlocks across the crypto market (based on JUP, H, and GRASS alone). Jupiter has the largest absolute amount, Grass presents the strongest dilution effect, and Humanity is at a critical supply phase for ecosystem development. Historical experience shows that token unlocks do not necessarily lead to price declines; their ultimate impact depends on overall market sentiment, project fundamentals, and the actual use of unlocked tokens (whether for rewarding development or immediate cash-out). Investors should closely monitor trading volume changes and on-chain wallet activity before and after unlock events to make prudent judgments.