Report: 90% of token unlocks will have a negative impact on prices, and the decline began a month ago

ChainCatcher message, according to a report by CryptoSlate, Keyrock's report indicates that 90% of token unlocks will have a negative impact on prices, although this effect typically takes 30 days to manifest. Approximately $600 million worth of tokens will be unlocked periodically, allocated to teams, investors, and ecosystem funds. The report emphasizes that traders need to track these unlock schedules, as under-compensated investors may sell off or hedge early, leading to downward price pressure.

Events with large unlock volumes (over 5%) will trigger volatility immediately, but their impact is more gradual. Frequent small-scale unlocks, while having a smaller cumulative impact, will continue to exert pressure. In most cases, prices begin to decline 30 days before the unlock, primarily driven by retail expectations and institutional investors' hedging strategies.

The category of recipients for the unlocks also affects prices, with team unlocks being the most disruptive due to a lack of coordination, leading to significant drops from individual sell-offs. Ecosystem unlocks, on the other hand, contribute to long-term stability and promote network development, while investor unlocks are usually more controllable, as they employ complex hedging strategies.