This week's token unlock interpretation:

Tokens such as BLAST, VENOM, SOON, etc. will see significant unlocks this week (the following is in UTC+8 time). Coinank data shows:

Blast (#BLAST ) will unlock approximately 10.5 billion tokens at 10 PM on June 26, accounting for 34.98% of the current circulating supply, valued at approximately 22.5 million USD;

Venom (#venom ) will unlock approximately 5.926 million tokens at 4 PM on June 25, accounting for 2.84% of the current circulating supply, valued at approximately 10 million USD;

SOON (#Soon ) will unlock approximately 4.188 million tokens at 4:30 PM on June 23, accounting for 22.41% of the current circulating supply, valued at approximately 8.4 million USD;

AltLayer (#ALT ) will unlock approximately 240 million tokens at 6 PM on June 25, accounting for 6.83% of the current circulating supply, valued at approximately 6.7 million USD;

Undeads Games (UDS) will unlock approximately 2.15 million tokens at 8 AM on June 26, accounting for 2.13% of the current circulating supply, valued at approximately 2.3 million USD;

IOTA (#IOTA ) will unlock approximately 15.16 million tokens at 8 AM on June 25, accounting for 0.39% of the current circulating supply, valued at approximately 2.3 million USD;

VELO will unlock approximately 18.2 million tokens at 8 AM on June 26, accounting for 2.47% of the current circulating supply, valued at approximately 2.1 million USD;

YGG will unlock approximately 14.08 million tokens at 10 PM on June 27, accounting for 2.68% of the current circulating supply, valued at approximately 1.9 million USD;

AGIX will unlock approximately 7.15 million tokens at 8 AM on June 28, accounting for 2.38% of the current circulating supply, valued at approximately 1.9 million USD;

FET will unlock approximately 3.1 million tokens at 8 AM on June 28, accounting for 0.12% of the current circulating supply, valued at approximately 1.9 million USD.

Unlock events will significantly increase market supply, potentially triggering short-term price volatility, especially when the unlock ratio is high, exacerbating the risk of supply-demand imbalance. According to dynamic valuation models, token value is primarily driven by user trading demand rather than traditional cash flow discounting; after unlocking, the influx of new tokens into the market may depress prices, but if it can accelerate platform adoption (such as by lowering transaction costs), it may instead strengthen network effects and stabilize long-term value. Historical data shows that similar events are often accompanied by downward price pressure, and investors need to be cautious of the spread of market panic, especially for high-ratio projects. The design of tradable tokens may amplify secondary market volatility, as users tend to cash out quickly after unlocking, further exacerbating sell-off risks.