山寨币销售压力迫在眉睫，本周将有 5 亿美元的代币解锁

解锁增加了某种代币的总可用供应量，但不一定会立即进入公开市场。

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

近 5 亿美元的代币将于本周解锁，这可能会给某些加密货币的价格带来下行压力。

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.

根据追踪各个项目代币计划发行的平台 TokenUnlocks 的数据，总计 4.63 亿美元的代币将免费提供给投资者、团队和生态系统顾问。

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%.

最大的解锁量将是 3700 万个 WLD 代币，按当前市场价格计算，价值超过 8000 万美元。此次发行将使代币供应量增加 7%。

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

第 2 层网络 Taiko 将拥有最大的供应量解锁量，占其总量的 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2亿美元的代币将以“悬崖”的形式释放——这是一次大量释放代币的通俗术语。

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 将解锁 8000 万美元，作为正在进行的“线性”计划的一部分，其中代币由市场发行和吸收。

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

解锁通常会增加某种代币的可用总供应量，但它们不一定会立即进入公开市场。

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，投资者或交易者预期代币接收者出售其新解锁的代币的预期可能会导致先发制人的抛售，从而在代币解锁之前或解锁时降低代币价格。

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

根据 TheTie 2023 年的一项研究，解锁造成的大部分损失通常发生在事件发生后平均两周后。

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，如果市场将解锁视为项目进展的标志，或者预计代币将用于质押治理或其他不涉及立即出售的公用事业目的，则价格可能会因积极情绪而保持稳定或上涨。

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，一些项目可能会选择重新锁定部分待释放的代币，根据市场情况或社区反馈调整解锁时间表。