Why is it important to pay attention to token unlocks?

Are you unfamiliar with the term 'unlock' in the cryptocurrency market? If you plan to delve deeper into the market, the potential impact of unlocks on token prices is an event you must closely monitor.

What is a token unlock? When each project issues its native tokens, they are usually allocated to developers, early investors, etc., according to a ratio. This is the token distribution model. To avoid significant selling pressure on tokens when the project starts, many projects set a 'lock-up period' to lock the tokens held by relevant parties for a period of time, preventing immediate trading. Subsequently, at specific time points, these tokens will be partially unlocked, allowing holders to trade freely.

This is a price protection mechanism for projects, but for investors, a large number of token unlocks may put pressure on token prices. For example, at the end of last year (2023), $DYDX unlocked tokens worth about 485 million dollars, which led to a nearly 5% drop in price within a day, and the decline continued for several days. However, there are also cases where prices rose after the unlocking ended, contrary to expectations, so investors should conduct their own research on potential rises or falls.

After understanding the potential impact of the unlock, we must introduce a useful tool—'Tokenomist (formerly Token Unlocks)', which is a practical data provision website that allows you to see various tokens' upcoming unlock schedules, as well as circulating supply and unlock amounts.

Now, let's take a look at which tokens are about to unlock this week!

Beldex ($BDX)

  • Total Market Value: 540 million dollars

  • Unlock Time: December 30, 08:00

  • Unlock Token Amount: 33 million, valued at about 2.61 million dollars, accounting for 4.78% of the circulating supply

Optimism ($OP)

  • Total Market Value: 2.472 billion dollars

  • Unlock Time: December 31, 08:00

  • Unlock Token Amount: 31.34 million, valued at about 58.6 million dollars, accounting for 2.32% of the circulating supply

Sui ($SUI)

  • Total Market Value: 12.034 billion dollars

  • Unlock Time: January 1, 08:00

  • Unlock Token Amount: 64.19 million, valued at about 27 million dollars, accounting for 2.19% of the circulating supply

ZetaChain ($ZETA)

  • Total Market Value: 335 million dollars

  • Unlock Time: January 1, 08:00

  • Unlock Token Amount: 53.89 million, valued at about 32 million dollars, accounting for 9.35% of the circulating supply

Sleepless AI ($AI)

  • Total Market Value: 79.1 million dollars

  • Unlock Time: January 1, 08:00

  • Unlock Token Amount: 23.21 million, valued at about 14.6 million dollars, accounting for 17.85% of the circulating supply

dYdX ($DYDX)

  • Total Market Value: 1.075 billion dollars

  • Unlock Time: January 1, 08:00

  • Unlock Token Amount: 8.33 million, valued at about 12.8 million dollars, accounting for 1.17% of the circulating supply

Maverick Protocol ($MAV)

  • Total Market Value: 96.85 million dollars

  • Unlock Time: January 1, 08:00

  • Unlock Token Amount: 36.20 million, valued at about 7.8 million dollars, accounting for 7.86% of the circulating supply

Ethena ($ENA)

  • Total Market Value: 2.804 billion dollars

  • Unlock Time: January 1, 15:00

  • Unlock Token Amount: 12.86 million, valued at about 12.1 million dollars, accounting for 0.44% of the circulating supply

In addition to the large unlocks mentioned above, the following tokens are also preparing to unlock this week:

  1. Tribal Token ($TRIBL): December 30, 08:00, unlocking approximately 22.07 million tokens, valued at about 6.3 million dollars, ratio 15.38%.

  2. Slash Vision Labs ($SVL): December 30, 08:00, unlocking approximately 605 million tokens, valued at about 3.9 million dollars, ratio 12.25%.

  3. Delysium ($AGI): December 31, 08:00, unlocking approximately 34.38 million tokens, valued at about 5 million dollars, ratio 2.57%.

  4. Eigenlayer ($EIGEN): January 1, 03:00, unlocking approximately 1.29 million tokens, valued at about 4.4 million dollars, ratio 0.61%.

  5. Manta Network ($MANTA): January 1, 07:59, unlocking approximately 1.87 million tokens, valued at about 1.6 million dollars, ratio 0.49%.

  6. Sidus ($SIDUS): January 1, 08:00, unlocking approximately 44.8 million tokens, valued at about 2.1 million dollars, ratio 4.05%.

  7. DODO ($DODO): January 1, 08:00, unlocking approximately 10 million tokens, valued at about 1.6 million dollars, ratio 1.38%.

  8. Staika ($STIK): January 3, 08:00, unlocking approximately 1.57 million tokens, valued at about 2.2 million dollars.

  9. Alephium ($ALPH): January 4, 08:00, unlocking approximately 1.88 million tokens, valued at about 2.5 million dollars, ratio 1.95%.

  10. Cetus Protocol ($CETUS): January 5, 08:00, unlocking approximately 8.33 million tokens, valued at about 2.7 million dollars, ratio 1.32%.

  11. Everclear ($NEXT): January 5, 08:00, unlocking approximately 20.11 million tokens, valued at about 2 million dollars, ratio 18.82%.

This week, a total of 19 tokens are unlocking, amounting to 470 million dollars, marking it as the largest unlocking week in recent times.

[Disclaimer] The market has risks, and investments should be made cautiously. Analyst views are for reference only; users should consider more diverse indicators to determine whether to invest and assess whether any opinions, views, or conclusions in this article align with their specific circumstances. Invest accordingly, and you bear the responsibility.

'The Wild Unlock Week is Coming! 'These 19 Tokens' are about to unlock massively, be cautious of the 470 million dollars selling pressure' This article was first published on 'Crypto City'