The current amount of token unlocks cannot be described as small; the pressure of cashing out still looms large over the altcoin season.
On July 18, $TRUMP will unlock $455 million in tokens, accounting for 5.05% of circulation, directed to early investors & community incentives.
$GT will unlock $103 million on July 26, directed to community development & R&D custody.
$ZRO will unlock $46.45 million on July 20, directed to the team & strategic partners.
$SOL has just unlocked approximately $100 million, coming from the bankruptcy liquidation of FTX.
$APT will soon unlock $55.56 million, directed to the foundation, core contributors, and investors.
$SUI has just unlocked $150 million in tokens, directed to the foundation & ecosystem incentives.
$ARB, as an L2 blue chip, will soon unlock 92.6 million tokens on the 16th, worth $390 million, directed to the team and investors.
$ENA has just unlocked $470 million in tokens, approximately 172 million tokens, directed to market-making funds and incentives.
It still feels like the previous scenario where the speculators frantically plundered retail wallets.