This week, multiple tokens will be unlocked, sorted by unlocking value as follows:
#uds will unlock approximately 21.94 million tokens at 8 AM on April 27, with a ratio of 30.54% to the current circulation, worth about 14.9 million USD;
#venom will unlock approximately 59.26 million tokens at 4 PM on April 25, with a ratio of 2.86% to the current circulation, worth about 7.9 million USD;
#ALT will unlock approximately 240 million tokens at 6 PM on April 25, with a ratio of 7.92% to the current circulation, worth about 6.9 million USD;
#murad will unlock approximately 10 million tokens at 8 AM on April 23, with a ratio of 1.00% to the current circulation, worth about 4 million USD;
#ID will unlock approximately 12.65 million tokens at 8 AM on April 22, with a ratio of 2.94% to the current circulation, worth about 2.4 million USD.
The unlocking situation of these projects may have varying degrees of impact on the related market. The above is in UTC+8 time, this week pay attention to UDS and ALT tokens for the negative effects brought by unlocking, avoid the spot market, and seek short arbitrage opportunities in contracts. The chart shows data from coinank.
We believe that from the perspective of market supply and demand, the concentrated unlocking of multiple tokens this week will significantly increase circulation, possibly creating short-term selling pressure in the secondary market. Among them, the unlocking scale of Undeads Games (UDS) is particularly noteworthy, as its release accounts for 30.54% of the current circulation, far exceeding the industry warning line of 5%, which may trigger panic selling by holders. Although Venom (VENOM) and AltLayer (ALT) have relatively low unlocking ratios (2.86% and 7.92%), their absolute values reach 7.9 million and 6.9 million USD respectively, which may impact the liquidity of small and mid-cap coins.
It is worth noting that the unlocking structure of different projects varies widely. For example, SPACE ID (ID) has an unlocking amount that accounts for 2.94% of the circulation, but combined with its continuous linear unlocking plan over the past six months, the market may have partially digested this expectation. In contrast, Murasaki (MURA), although the unlocking ratio is only 1%, is in the early stages of the project, and community consensus has not yet stabilized, small unlocks may also amplify price volatility.
Historical data shows (such as the 12.66% circulation unlocking of VENOM in September 2024 leading to an 18% drop on the same day) that a high ratio of unlocking often accompanies price corrections. The current market is experiencing heightened expectations for a shift in Federal Reserve policy, and investors' risk appetite is fluctuating significantly. It is recommended to closely monitor the lock-up policies and capital trends of various project parties and be wary of the sector rotation risks caused by liquidity siphoning effects.