#ENA The impact of unlocks on the price of a token at the moment

First you need to understand what unlocks are. Unlocking is the unlocking of coins that were purchased by investors at an early stage, long before listings on exchanges. Primary investors receive a certain number of coins for their contribution to the project, which they cannot sell until a certain point.

There are several different options and systems by which coins are unlocked, there is a classic one when investors are simply allowed to sell some part of the coin received for an investment, there is an option, such as in Aptos and Flow, when the total number of coins remains blocked for example for 2-3 years without the possibility sales, but at the same time, approximately once every 1-3 months, the interest that was accrued to investors for the total amount being staked occurs. There are many more options and systems you can and SHOULD familiarize yourself with; all this is usually indicated in the project’s tokenomics in advance and can be easily found in the public domain.

You can often hear the fairy tale “tomorrow there will be unlocks and the price will fall” or vice versa “tomorrow there will be unlocks for this coin and the price will rise” - it doesn’t work like that