山寨幣銷售壓力迫在眉睫，本週將有 5 億美元的代幣解鎖

解鎖增加了某種代幣的總可用供應量，但不一定會立即進入公開市場。

Nearly $500 million in tokens are set to be unlocked this week, potentially putting downward pressure on prices for some cryptocurrencies.

近 5 億美元的代幣將於本週解鎖，這可能會對某些加密貨幣的價格造成下行壓力。

According to data from TokenUnlocks, a platform that tracks the scheduled release of tokens from various projects, a total of $463 million in tokens will be freed to investors, teams and ecosystem advisors.

根據追蹤各個專案代幣計畫發行的平台 TokenUnlocks 的數據，總計 4.63 億美元的代幣將免費提供給投資者、團隊和生態系統顧問。

The largest unlock will be 37 million WLD tokens, valued at over $80 million at the current market price. This emission will increase the token supply by 7%.

最大的解鎖量將是 3700 萬個 WLD 代幣，以當前市場價格計算，價值超過 8000 萬美元。此次發行將使代幣供應量增加 7%。

Layer 2 network Taiko will have the largest unlock by supply at 15% of its total.

第 2 層網路 Taiko 將擁有最大的供應量解鎖量，佔其總量的 15%。

Of the total, tokens with a market value of $200 million will be released as a "cliff" - a colloquial term for a large number of tokens released in one go.

其中，市值2億美元的代幣將以「懸崖」的形式釋放——這是一次大量釋放代幣的通俗術語。

Solana's SOL will see $80 million unlocked as part of an ongoing "linear" plan, where tokens are emitted and absorbed by the market.

Solana 的 SOL 將解鎖 8000 萬美元，作為正在進行的「線性」計劃的一部分，其中代幣由市場發行和吸收。

Unlocks typically increase the total available supply of a certain token, but they don't necessarily hit the open market immediately.

解鎖通常會增加某種代幣的可用總供應量，但它們不一定會立即進入公開市場。

However, the anticipation of investors or traders expecting token receivers to sell their newly unlocked tokens can lead to a preemptive sell-off, reducing the token price before or as the tokens are unlocked.

然而，投資者或交易者預期代幣接收者出售其新解鎖的代幣的預期可能會導致先發製人的拋售，從而在代幣解鎖之前或解鎖時降低代幣價格。

According to a 2023 research from TheTie, most losses from unlocks typically arise after an average of two weeks from the event.

根據 TheTie 2023 年的一項研究，解鎖造成的大部分損失通常發生在事件發生後平均兩週後。

On the other hand, if the market perceives the unlock as a sign of project progress or the tokens are expected to be used for staking governance or other utility purposes that do not involve immediate selling, the price might remain stable or increase due to positive sentiment.

另一方面，如果市場將解鎖視為項目進度的標誌，或者預計代幣將用於質押治理或其他不涉及立即出售的公用事業目的，則價格可能會因積極情緒而保持穩定或上漲。

Moreover, some projects might choose to re-lock a portion of the tokens to be released, adjusting the unlock schedules based on market conditions or community feedback.

此外，一些項目可能會選擇重新鎖定部分待釋放的代幣，根據市場狀況或社群回饋調整解鎖時間表。