即將解鎖的代幣：市場影響和投資者考慮因素

即將解鎖的待觀察代幣：選定下週要監控的重要解鎖。 Optimism、Echelon Prime、Sui、Manta Network、dYdX、Acala 和 Galxe 等項目都已預定解鎖，可能會影響市場動態。了解解鎖的代幣數量、流通供應和分配目標對於評估潛在的價格影響和投資者情緒至關重要。

Upcoming Token Unlocks: Potential Market Implications for Investors

即將解鎖的代幣：對投資者的潛在市場影響

Unlocking: A Primer

解鎖：入門指南

The unlocking of tokens refers to the release of previously frozen tokens that were acquired through investment rounds or other financing mechanisms. Typically, project teams meticulously craft tokenomics to minimize selling pressure during the unlock process, thereby preserving token value. However, external factors such as liquidity constraints or opportunistic profit-taking by early investors can significantly impact asset prices.

代幣解鎖是指釋放先前透過投資輪次或其他融資機制獲得的凍結代幣。通常，專案團隊會精心設計代幣經濟學，以最大程度地減少解鎖過程中的拋售壓力，從而保留代幣價值。然而，流動性限製或早期投資者的機會主義獲利回吐等外部因素可能會對資產價格產生重大影響。

Key Token Unlocks to Monitor

要監控的密鑰令牌解鎖

To assist investors in navigating the upcoming token release landscape, our editorial team has compiled a list of seven significant unlocks scheduled for the coming week:

為了幫助投資者應對即將到來的代幣發行環境，我們的編輯團隊編制了一份計劃在下週進行的七項重大解鎖的清單：

1. Optimism (OP)

1. 樂觀（OP）

• Unlock Date: April 29
• Tokens Unlocked: 24,160,000 OP
• Current Circulating Supply: 1,045,379,867 OP

Optimism, a layer-two solution designed to enhance the speed and scalability of the Ethereum network, is among the leading L2 protocols in terms of active protocols and total value locked (TVL). The OP token serves as a governance token, enabling holders to vote on project decisions and participate in the Optimism Collective community. The unlocked tokens will be distributed to investors and key project participants.

解鎖日期：4 月29 日已解鎖代幣：24,160,000 OP 當前流通量：1,045,379,867 OPOptimism 是一種旨在增強以太坊網絡速度和可擴展性的第二層解決方案，在活躍協議和鎖定總價值(TVL ) 方面處於領先的L2 協定之一。 OP 代幣充當治理代幣，使持有者能夠對專案決策進行投票並參與 Optimism Collective 社群。解鎖的代幣將分發給投資者和主要項目參與者。

2. Echelon Prime (PRIME)

2.梯隊Prime（PRIME）

• Unlock Date: April 30
• Tokens Unlocked: 1,660,000 PRIME
• Current Circulating Supply: 37,523,322 PRIME

Echelon Prime, an open and decentralized ecosystem for P2E gaming, utilizes the PRIME token for rewarding developers and users, voting on project development, and staking. The tokens unlocked during this round are designated for Parallel Studios reserves and investors.

解鎖日期：4 月30 日解鎖代幣：1,660,000 PRIMEC 目前流通量：37,523,322 PRIMEEchelon Prime 是一個開放、去中心化的P2E 遊戲生態系統，利用PRIME 代幣獎勵開發者和用戶、對項目開發進行投票以及質押。本輪解鎖的代幣指定給 Parallel Studios 儲備金和投資者。

3. Sui (SUI)

3. 隋（SUI）

• Unlock Date: March 31st
• Tokens Unlocked: 4,000,000 SUI
• Current Circulating Supply: 1,295,901,469 SUI

Sui is a high-performance layer-one (L1) blockchain employing the Proof-of-Stake consensus algorithm. Developed by Mysten Labs, a company founded by former Diem blockchain and Move programming language architects, Sui has garnered significant investment from industry giants such as Binance Labs, Franklin Templeton, and a16z Crypto. The upcoming SUI unlock, scheduled for March 31st, will allocate the released tokens to the community reserve.

解鎖日期：3 月 31 日 已解鎖代幣：4,000,000 SUIC 目前流通量：1,295,901,469 SUISui 是採用權益證明共識演算法的高效能第一層 (L1) 區塊鏈。 Sui 由 Mysten Labs（由前 Diem 區塊鏈和 Move 程式語言架構師創立的公司）開發，已獲得 Binance Labs、Franklin Templeton 和 a16z Crypto 等行業巨頭的大量投資。即將於 3 月 31 日進行的 SUI 解鎖，將把釋放的代幣分配給社區儲備。

4. Manta Network (MANTA)

4.曼塔網絡（MANTA）

• Unlock Date: April 30
• Tokens Unlocked: 1,870,000 MANTA
• Current Circulating Supply: 250,036,078 MANTA

Manta Network, a modular blockchain specializing in zero-knowledge (ZK) applications, comprises two distinct networks: Manta Pacific, an L2 ecosystem for EVM-native ZK applications, and Manta Atlantic, a high-speed L1 blockchain on Polkadot. The MANTA tokens set for release at the end of April are intended for project advisors.

解鎖日期：4 月30 日已解鎖代幣：1,870,000 MANTAC 目前流通量：250,036,078 MANTAManta 網路是專門從事零知識(ZK) 應用程式的模組化區塊鏈，由兩個不同的網路組成：Manta Pacific（EVM原生ZK 應用程式的L2 生態系統）和Manta Atlantic ，Polkadot 上的高速 L1 區塊鏈。 MANTA 代幣將於 4 月底發布，對象為專案顧問。

5. dYdX (DYDX)

5. dYdX (DYDX)

• Unlock Date: May 1st
• Tokens Unlocked: 33,330,000 DYDX
• Current Circulating Supply: 311,081,918 DYDX

dYdX, a leading decentralized derivatives trading protocol, recently implemented revisions to its tokenomics. As per the new structure, 27.7% of the total DYDX supply will be allocated to early investors, 26.1% to a treasury, and 15.3% to the team. The remaining tokens are reserved for liquidity pools, user rewards, and future employees and consultants. Approximately half of the 1 billion DYDX total supply is currently in circulation, with the remainder to be unlocked in incremental tranches over the next three years.

解鎖日期：5 月 1 日 解鎖代幣數量：33,330,000 DYDX 目前流通供應量：311,081,918 DYDXdYdX 是領先的去中心化衍生性商品交易協議，最近對其代幣經濟進行了修訂。根據新的架構，DYDX 總供應量的 27.7% 將分配給早期投資者，26.1% 分配給財務部門，15.3% 分配給團隊。剩餘的代幣保留用於流動性池、用戶獎勵以及未來的員工和顧問。 10 億枚 DYDX 總供應量中約有一半目前正在流通，其餘部分將在未來三年內分批解鎖。

6. Acala (ACA)

6.阿卡拉（ACA）

• Unlock Date: May 1st
• Tokens Unlocked: 27,430,000 ACA
• Current Circulating Supply: 962,499,997 ACA

Established in 2019, Acala Network is a DeFi consortium compatible with external blockchains. The project's ACA token, set for release on May 1st, will be distributed to strategic partners and the project team.

解鎖日期：5 月 1 日 解鎖代幣數量：27,430,000 AAC 目前流通量：962,499,997 ACAE Acala Network 成立於 2019 年，是一個兼容外部區塊鏈的 DeFi 聯盟。該專案的ACA代幣將於5月1日發布，將分發給戰略合作夥伴和專案團隊。

7. Galxe (GAL)

7. 加爾克斯 (GAL)

• Unlock Date: May 5
• Tokens Unlocked: 5,180,000 GAL
• Current Circulating Supply: 89,922,000 GAL

Formerly known as Project Galaxy, Galxe is a prominent web3 credentials network assisting organizations in developing trustworthy decentralized solutions. The GAL token is employed for various purposes, including access to the Galaxy Oracle Engine and Credential API, and governance privileges within the Project Galaxy DAO. The tokens unlocked during this round will be utilized by the project team, the Galxe Foundation, and the community.

解鎖日期：5 月 5 已解鎖代幣：5,180,000 GAL 目前流通量：89,922,000 GAL Galxe 以前稱為 Project Galaxy，是著名的 web3 憑證網絡，幫助組織開發值得信賴的去中心化解決方案。 GAL 代幣用於多種目的，包括存取 Galaxy Oracle Engine 和 Credential API，以及 Project Galaxy DAO 內的治理權限。本輪解鎖的代幣將由專案團隊、Galxe 基金會和社群使用。

Potential Market Impact

潛在的市場影響

The release of substantial quantities of tokens into circulation can impact market dynamics in several ways:

大量代幣進入流通可以透過多種方式影響市場動態：

• Increased Supply: The sudden increase in the circulating supply can dilute the value of existing tokens, potentially leading to price fluctuations.
• Selling Pressure: Early investors or project insiders may take advantage of the unlocked tokens to recoup their investments or realize quick profits, creating downward pressure on prices.
• Liquidity: The unlocking of large volumes of tokens could temporarily decrease the liquidity of the asset, leading to wider bid-ask spreads and increased volatility.
• Sentiment: Positive or negative news about a token unlock can influence investor sentiment and drive price movements in the short term.

However, it is crucial to emphasize that the effects of an unlock on the market depend on various project-specific factors:

供應量增加：流通供應量的突然增加會稀釋現有代幣的價值，可能導致價格波動。造成下行壓力價格壓力。推動價格然而，需要強調的是，解鎖對市場的影響取決於各種特定於項目的因素：

• Project Fundamentals: Strong projects with a clear value proposition and a growing user base tend to be more resilient to unlock-related volatility.
• Tokenomics Design: Projects that have meticulously designed their tokenomics to minimize selling pressure or deploy vesting mechanisms may experience less dramatic price fluctuations.
• Market Conditions: Overall market sentiment and liquidity conditions can also influence the impact of token unlocks.

Due Diligence and Investor Strategy

專案基本面：具有明確價值主張和不斷增長的用戶群的強大專案往往更能適應解鎖相關的波動性。項目可能會經歷較不劇烈的價格波動.市場狀況：整體市場情緒和流動性狀況也會影響代幣解鎖的影響。

Investors should conduct thorough due diligence before making any investment decisions related to token unlocks. This includes assessing the project's fundamentals, examining tokenomics, and understanding the potential risks and rewards associated with the unlock event.

在做出任何與代幣解鎖相關的投資決策之前，投資者應進行徹底的盡職調查。這包括評估項目的基本面、檢查代幣經濟學以及了解與解鎖事件相關的潛在風險和回報。

Furthermore, investors should consider adopting a diversified investment strategy, spreading their assets across various tokens and projects to mitigate risk. In periods of high unlock activity, it may be prudent to exercise caution and avoid making hasty investment decisions.

此外，投資者應考慮採取多元化投資策略，將資產分散到各種代幣和項目以降低風險。在解鎖活動高峰期，謹慎行事並避免倉促做出投資決定可能是謹慎的做法。