The craziest unlocking week is coming! These 19 currencies will soon be unlocked in large amounts, so be careful of the pressure of 470 million pounds.

Why must token unlocking be followed?

Are you unfamiliar with the term 'unlock' in the cryptocurrency market? If you are an investor intending to delve into the market, unlocking is an event that you must closely follow, as it may have an impact on token prices. Please provide the Chinese Traditional text to be translated. What is token unlocking? When each project issues native tokens, they are usually distributed to developers, early investors, etc. in proportion. This is the token distribution model. In order to avoid the huge selling pressure on tokens at the start of the project, many projects will set a 'lock-up period' to lock the tokens held by relevant parties for a period of time, making them unable to trade immediately. Subsequently, at a specific time, some of these tokens will be unlocked, allowing holders to trade freely.

This is a mechanism to protect the price for the project, but for investors, a large amount of token unlocking may put pressure on the coin price. For example, at the end of last year (2023), $DYDX unlocked tokens worth about $485 million, which led to a nearly 5% single-day price plunge, and the decline continued for several days. However, there are also cases where the price did not fall as expected after the unlocking ended, but instead rose. Therefore, investors need to conduct their own research to determine whether it will rise or fall.

After understanding the possible impact of understanding unlocks, it is inevitable to introduce a useful tool - 'Tokenomist (formerly Token Unlocks)', which is a practical data provider website that allows you to see the schedule for the unlocking of various tokens as well as the circulation and unlocking amounts.

So let's take a look at which tokens are about to be unlocked this week!

Beldex（$BDX）

Market Cap: $540 million

Unlock time: December 30th 08:00

Unlock Token Quantity: 330 million, worth approximately $26.1 million, accounting for 4.78% of the circulating supply.

Optimism（$OP）

Market Cap: $24.72 billion

Unlock time: December 31st, 08:00

Token unlock amount: 31.34 million, worth about $58.6 million, accounting for 2.32% of the circulating supply

Sui（$SUI）

Total Market Cap: $12.034 billion

Unlock time: January 1st, 08:00

Unlocked Token Amount: 64.19 million, worth about 270 million US dollars, accounting for 2.19% of the circulating supply

ZetaChain（$ZETA）

Total Market Cap: $335 million

Unlock time: January 1st 08:00

Token unlocked: 53.89 million, worth about 32 million US dollars, accounting for 9.35% of the circulating supply

Sleepless AI（$AI）

Market Cap: $79.1 million

Unlock Time: January 1st, 08:00

Token unlocked amount: 23.21 million, worth about $14.6 million, accounting for 17.85% of the circulating supply.

dYdX（$DYDX）

Total Market Cap: $10.75 billion

Unlock time: January 1st 08:00

Token unlock amount: 8.33 million, worth approximately $12.8 million, accounting for 1.17% of the circulating supply

Maverick Protocol（$MAV）

Market Cap: $96.85 million

Unlock time: January 1st 08:00

Token unlocked: 36.2 million, worth about 7.8 million U.S. dollars, accounting for 7.86% of the circulating supply

Ethena（$ENA）

Total Market Cap: 28.04 billion US dollars

Unlock time: January 1st 15:00

Unlock Token Amount: 12.86 million, worth approximately $12.1 million, accounting for 0.44% of the circulating supply.

In addition to the large unlocking mentioned above, the following tokens are also scheduled to be unlocked this week:

Tribal Token ($TRIBL): On December 30th, 08:00, approximately 22.07 million tokens will be unlocked, worth about $6.3 million, accounting for 15.38%.

Slash Vision Labs（$SVL）: At 08:00 on December 30th, approximately 605 million tokens will be unlocked, worth about 3.9 million US dollars, with a ratio of 12.25%.

Delysium ($AGI): On December 31, 08:00, approximately 34.38 million tokens will be unlocked, worth about $5 million, accounting for 2.57%.

Eigenlayer（$EIGEN）: At 03:00 on January 1st, about 1.29 million tokens were unlocked, worth about 4.4 million US dollars, accounting for 0.61%.

Manta Network（$MANTA）: At 07:59 on January 1st, about 1.87 million tokens were unlocked, worth about 1.6 million US dollars, with a ratio of 0.49%.

Sidus（$SIDUS）: At 08:00 on January 1st, approximately 448 million tokens will be unlocked, worth about 2.1 million US dollars, with a ratio of 4.05%.

DODO ($DODO): Unlock about 10 million tokens worth about $1.6 million at 08:00 on January 1, with a ratio of 1.38%.

Staika（$STIK）: Unlocking approximately 1.57 million tokens worth about $2.2 million at 08:00 on January 3rd.

Alephium（$ALPH）: At 08:00 on January 4th, about 1.88 million tokens will be unlocked, worth about 2.5 million US dollars, with a ratio of 1.95%.

Cetus Protocol ($CETUS): On January 5th, 08:00, approximately 8.33 million tokens will be unlocked, with a value of about $2.7 million, accounting for 1.32%.

Everclear ($NEXT): At 08:00 on January 5th, approximately 20.11 million tokens worth about $2 million were unlocked, accounting for 18.82% of the total.

This week, a total of 19 tokens were unlocked, with a staggering amount of 470 million US dollars, making it the largest unlocking week in recent times.

【Disclaimer】Trading carries risks. Investment should be cautious. Analyst opinions are for reference only. Users should consider a more diverse set of indicators to determine whether to invest and evaluate whether any opinions, views, or conclusions in this article are suitable for their specific situation. Investment based on this is at your own risk.

"The craziest unlocking week is coming! These 19 kinds of coins will be unlocked in large quantities, and 470 million RMB will be thrown out to suppress, be careful." This article was first published in "Crypto City"