Hello everyone! Next week, the crypto market will face a wave of token unlocks involving multiple popular projects, with a total unlock value of tens of millions of dollars. These unlocking events may have significant impacts on market prices and investor sentiment, making them worth close attention. 📊

According to Token Unlocks data, tokens like Taiko (TAIKO), Cardano (ADA), Ethena (ENA), etc., will see large unlocks in the coming days. The differences in unlock scale and circulating supply ratio may lead to varying market reactions.

Taiko (TAIKO) unlocks are valued at approximately $20.9 million, accounting for 11.38% of the circulating supply.
The unlock scale of Taiko is the most significant in this event, with approximately 9.29 million tokens unlocked, valued at around $20.9 million, accounting for 11.38% of the current circulating supply. Such a high proportion of unlocking may create substantial selling pressure on market prices, especially for tokens with lower liquidity, where the risk of sell-off post-unlocking is higher. Investors need to pay attention to whether price fluctuations occur after the unlock and whether the project team has countermeasures.

Cardano (ADA) unlocks are valued at approximately $19.8 million, accounting for 0.05% of the circulating supply.
In contrast, although the unlock scale of Cardano is close to $20 million, its proportion of the circulating supply is only 0.05%, which may have a relatively small direct impact on the market. As a mainstream token ranked high by market capitalization, the unlocking of ADA is more a symbolic influence on market sentiment rather than substantial pressure. However, investors still need to monitor whether there will be short-term fluctuations post-unlock.

Ethena (ENA) unlocks are valued at approximately $10.5 million, accounting for 0.45% of the circulating supply.
Ethena's unlock scale is moderate, but the proportion of the circulating supply is 0.45%, indicating that its market impact may lie between Taiko and Cardano. As a new project, ENA has lower market liquidity, and the unlock may exert some pressure on its price. Investors should be aware of potential large sell-off actions post-unlock.

Everclear (NEXT) unlocks are valued at approximately $2.6 million, accounting for 18.82% of the circulating supply.
Everclear's unlock proportion reaches as high as 18.82%, making it one of the tokens with the highest share in this unlocking event. Although the total unlock value is only $2.6 million, such a high ratio may significantly impact market prices. For tokens with smaller circulating supplies, the market reaction post-unlock is often more intense, and investors should respond cautiously.

Summary and Thoughts
Next week's large unlocking events will have varying degrees of impact on the market performance of multiple tokens. Tokens with higher unlock ratios, such as Taiko and Everclear, may face greater selling pressure, while the impact of the mainstream token Cardano's unlock is relatively limited. Overall, unlocking events test the market's liquidity and reflect investors' confidence in the long-term value of the projects. In the future, as more tokens enter the circulating market, the impact of unlocking events may gradually diminish, but short-term price fluctuations should still be monitored.

Open Discussion Questions
1. Will high proportion unlocks negatively affect the long-term development of small market cap tokens?
2. How should project teams design mechanisms to alleviate market selling pressure brought by unlocks?