Next week, multiple tokens such as ftn, zro, and kaito will face significant unlocks, with a total value exceeding $200 million. The unlock ratio for zro and zk is as high as 8.53%, which may trigger a short-term sell-off.
Unlock events are always a double-edged sword; an increase in circulation can easily lead to a crash, but it also injects liquidity into the project.
Considering the recent market cap of stablecoins has broken 276.9 billion, and the market is well-funded, this round of unlocks may not be too severe.
From my perspective, if zro, as a layer zero project, can stabilize after the unlock, it may heat up the cross-chain sector, especially after Japan approved the jpy stablecoin, which could accelerate the inflow of Asian funds. Keep an eye on next week's prices and consider buying the dip.