Investors Holding Locked Tokens Incur Significant Losses with $40B in Altcoins Poised to Unlock: STIX Study

STIX founder Taran Sabharwal's research reveals that investors with locked tokens have experienced substantial losses in the past year. From May 2024 to April 2025, token values dropped by approximately 50% on average, from over-the-counter (OTC) valuations to present prices.

Notably, projects like Scroll (SCR), Blast (BLAST), and Eigenlayer (EIGEN) recorded drastic declines in value. In comparison to the general crypto market's average 40.7% decline, early-stage token investors with locked positions suffered even higher losses. Additionally, with $40B in locked altcoins set to unlock soon, investors are bracing for another 50% decrease when selling in OTC markets.

This, coupled with the cost of missed opportunities due to liquidity value, has resulted in substantial value losses for locked token holders.