Holders of locked cryptocurrencies face losses as $40 billion worth of coins are set to launch! Investors holding locked cryptocurrencies have incurred significant losses over the past year, according to data published by Tarun Sabharwal, founder of STIX.

Locked cryptocurrencies refer to coins that have a portion of the total supply locked and will only unlock after a certain period specified in the project's white paper. For instance, Project X has a total supply of 100 billion coins, of which 50 billion are locked and will unlock in 2026.

Returning to the subject of our article, between May 2024 and April 2025, the average decline in the value of locked coins from off-exchange (OTC) trading valuations to current spot prices was about 50%.

Sabharwal's analysis indicated that many investors missed exit opportunities at double price levels during 2024, as ongoing market pressures continued to push cryptocurrency values down.

Although unissued coin deals are often made with long-term investment expectations,

most projects recorded notable declines, with the value of Scroll (SCR) and Blast (BLAST) dropping by 85% and 88% respectively, while Eigenlayer (EIGEN) fell by 75%.

Projects like ZKsync (ZK) experienced a decline of 64%, Wormhole (W) by 50%, and io.net (IO) by 48%.