This week's unlocking preview, ZK, ZKJ, ARB, etc. will face significant unlocks. Coinank data shows:
ZKsync (
#ZK ) will unlock approximately 768 million tokens at 4 PM on June 17, accounting for 20.91% of the current circulation, valued at about 39 million USD;
Polyhedra Network (
#ZKJ ) will unlock approximately 15.53 million tokens at 8 AM on June 19, accounting for 5.04% of the current circulation, valued at about 30.3 million USD;
Arbitrum (
#ARB ) will unlock approximately 92.65 million tokens at 9 PM on June 16, accounting for 1.91% of the current circulation, valued at about 30.2 million USD;
Sonic (S) will unlock approximately 47.63 million tokens at 8 AM on June 18, accounting for 1.65% of the current circulation, valued at about 15.8 million USD;
ID will unlock approximately 72.65 million tokens at 8 AM on June 22, accounting for 16.88% of the current circulation, valued at about 12 million USD;
#APE will unlock approximately 15.6 million tokens at 8:30 PM on June 17, accounting for 1.95% of the current circulation, valued at about 10.6 million USD;
LISTA will unlock approximately 33.44 million tokens at 5 PM on June 20, accounting for 19.36% of the current circulation, valued at about 7 million USD;
MELANIA will unlock approximately 26.25 million tokens at 8 AM on June 18, accounting for 6.58% of the current circulation, valued at about 6.9 million USD.
The concentration of multiple token unlocks this week may have some impact on the market, requiring close attention to the scale of unlocks and circulation shocks. The ZK unlock ratio reaches 20.91%, far exceeding the typical monthly unlock ratio of conventional projects (usually below 1%), which may trigger short-term selling pressure. Similar high ratio projects like LISTA and ID also face liquidity shock risks.
Additionally, market sentiment and historical references indicate that the ZK token previously dropped by 40% after going live, and the number of active addresses halved, reflecting the market's sensitivity to tokens with high circulation. Although ARB has a lower unlock ratio, historically, its significant unlocks have often been accompanied by price volatility, warranting caution regarding chain reactions.
Furthermore, the current geopolitical conflicts in the Middle East have pushed up gold prices, putting overall pressure on the cryptocurrency market, and concentrated unlocks at this time may amplify selling sentiment. Especially for mid-to-small market cap tokens like ZKJ and MELANIA, insufficient liquidity may exacerbate price volatility.
Investors are advised to distinguish the nature of unlocks (team/investor release vs. ecosystem incentives), prioritize attention to high circulation ratio projects, and monitor whale movements in conjunction with on-chain data. History shows that if there is a lack of ecosystem support after unlocking, the probability of a short-term pullback is relatively high.