在 Ondo Finance 发行价值 22.3 亿美元的 ONDO 代币的带动下，加密货币市场迎来了历史性的代币解锁

本周加密货币市场将发生多事，历史性的代币解锁额估计达到 30 亿美元，这是自 2023 年 11 月以来最大的一次。

The week promises to be eventful in the crypto market with a historic unlocking of tokens estimated at 3 billion dollars, the largest since November 2023. At the heart of this event, Ondo Finance is set to release 1.94 billion ONDO tokens on January 18, representing more than 130% of its current circulating supply.

本周加密市场将迎来多事之秋，历史性的解锁代币价值估计达 30 亿美元，是 2023 年 11 月以来最大的一次。作为本次活动的核心，Ondo Finance 将于 1 月 18 日发行 19.4 亿枚 ONDO 代币，代表超过当前流通供应量的130%。

A massive unlocking that worries the market

大规模解锁令市场担忧

The crypto market is preparing for a crucial week starting January 13, 2024. According to data from Tokenomist, several major projects including ONDO, ARB, STRK, and SEI will participate in this massive unlocking.

加密市场正在为2024年1月13日开始的关键一周做准备。根据Tokenomist的数据，ONDO、ARB、STRK、SEI等几大项目将参与本次大规模解锁。

Ondo Finance, a platform specialized in asset tokenization, is leading the way with a planned release of 1.94 billion ONDO tokens, valued at 2.23 billion dollars. This colossal amount greatly exceeds the daily trading volume of the token, which currently fluctuates between 250 and 300 million dollars.

专门从事资产代币化的平台 Ondo Finance 处于领先地位，计划发行 19.4 亿个 ONDO 代币，价值 22.3 亿美元。这一巨额大大超过了该代币的每日交易量，目前该代币的交易量在 250 至 3 亿美元之间波动。

In the face of this potential selling pressure, the price of ONDO is already showing signs of weakness. The token is trading at 1.14 dollars, its lowest level since early December, down 5% over the last 24 hours and 15% since the beginning of the month. This downward trend began after reaching an all-time high of 2.10 dollars in mid-December.

面对这种潜在的抛售压力，ONDO的价格已经显示出疲软的迹象。该代币的交易价格为 1.14 美元，为 12 月初以来的最低水平，过去 24 小时内下跌 5%，自本月初以来下跌 15%。这种下降趋势是在 12 月中旬达到 2.10 美元的历史高点后开始的。

Impact and Outlook on the Crypto Ecosystem

对加密生态系统的影响和展望

The unlocks of tokens are an essential mechanism in the crypto ecosystem, enabling a gradual distribution of tokens to early investors and development teams. This approach traditionally aims to prevent massive dumps and maintain some price stability. However, the exceptional scale of the unlocking scheduled for this week raises legitimate concerns.

代币的解锁是加密生态系统中的一个重要机制，可以将代币逐步分配给早期投资者和开发团队。传统上，这种方法旨在防止大规模抛售并保持一定的价格稳定。然而，本周计划的解锁规模之大引起了合理的担忧。

A recent study by The Tie highlights that tokens facing unlocks exceeding 100% of their average daily volume generally experience high volatility before and after the event. In the case of ONDO, the ratio between the unlocked volume and the daily trading volume suggests a particularly turbulent period ahead.

The Tie 最近的一项研究强调，解锁量超过日均交易量 100% 的代币通常会在活动前后经历较高的波动性。就 ONDO 而言，解锁量与每日交易量之间的比率表明未来将经历一个特别动荡的时期。

The impact of this mega-unlocking could reverberate throughout the altcoin market, creating opportunities for savvy traders, but also increased risks for less experienced investors. The coming days will be crucial in assessing the market’s capacity to absorb this massive offer of tokens.

这种大规模解锁的影响可能会在整个山寨币市场产生反响，为精明的交易者创造机会，但也增加了经验不足的投资者的风险。未来几天对于评估市场吸收大量代币的能力至关重要。