Polyhedra Network（ZKJ） - 5月19日

當大量先前鎖定的令牌被釋放到流通中時，它會觸發銷售壓力並增加市場波動。

Several significant token unlocks are scheduled to take place next week (May 19-25), which could affect market prices and investor sentiment.

計劃下週（5月19日至25日）進行幾個重要的令牌解鎖，這可能會影響市場價格和投資者的情緒。

When a large number of previously locked tokens are released into circulation, it can trigger selling pressure and increase market volatility.

當大量先前鎖定的令牌被釋放到流通中時，它會觸發銷售壓力並增加市場波動。

Traders, especially long-term investors, are advised to closely monitor this key opening to assess possible price movements and market dynamics.

建議商人，尤其是長期投資者，密切監視此關鍵開放，以評估可能的價格變動和市場動態。

Polyhedra Network (ZKJ) – May 19

Polyhedra Network（ZKJ） - 5月19日

On May 19, Polyhedra Network will unlock 15.5 million ZKJ tokens, which amounts to about $33 million at current prices.

5月19日，Polyhedra Network將解鎖1550萬個ZKJ令牌，以目前的價格為3300萬美元。

While not as large as the PYTH token unlock, this is still a significant supply event for this relatively new project, which launched its mainnet in December 2024.

雖然不如Pyth代幣解鎖大，但對於這個相對較新的項目來說，這仍然是一個重大的供應活動，該項目於2024年12月推出了其主網。

The May 19 unlock includes a well-diversified distribution across various strategic categories.

5月19日的解鎖包括各種戰略類別的分佈良好。

The largest allocation, 2.65% or approximately 8.47 million tokens, is designated for Ecosystem and Network Incentives to support the long-term utility of the protocol as well as user participation.

最大的分配，2.65％或約847萬個令牌，被指定為生態系統和網絡激勵措施，以支持協議的長期實用性以及用戶參與。

Community, Airdrop, and Marketing initiatives will receive 1.74% or approximately 2.61 million tokens to drive brand growth and user engagement.

社區，空投和營銷計劃將獲得1.74％或約261萬個令牌，以推動品牌增長和用戶參與度。

Meanwhile, Foundation Reserves will increase by 2.41% (approximately 3.61 million tokens), as a measure to ensure the sustainability of the project.

同時，基金會儲備將增加2.41％（約361萬個令牌），以確保項目的可持續性。

Notably, token buyers before the TGE (Token Generation Event) will unlock 4% or approximately 800,000 tokens. This could be a short-term risk factor if early investors choose to realize profits.

值得注意的是，在TGE（代幣生成活動）之前的代幣買家將解鎖4％或約80萬個令牌。如果早期投資者選擇實現利潤，這可能是一個短期風險因素。

This new token issuance could potentially encourage early backers and internal parties to sell their tokens, which could put downward pressure on the price.

這項新的代幣發行可能會鼓勵早期的支持者和內部各方出售其令牌，這可能會給價格下降壓力。

ZKJ has attracted attention for its zero-knowledge proof (ZK-proof) infrastructure that supports Web3 interoperability, and this unlock will be a test of market confidence in the long-term value of the project.

ZKJ因其支持Web3互操作性的零知識證明（ZK-PROFFARE）基礎架構引起了人們的關注，並且這種解鎖將是對項目長期價值的市場信心。

Short-term holders are advised to be cautious, as this kind of unlocking may cause temporary price instability.

建議短期持有人謹慎，因為這種解鎖可能會導致暫時的價格不穩定。

Saros (SAROS) – May 19

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Saros is set to unlock 213.93 million SAROS tokens on May 19, which equates to about 8.15% of the total outstanding supply.

薩羅斯（Saros）將於5月19日解鎖2.139億薩羅斯（Saros）令牌，相當於總銷售總額的8.15％。

These unlockings, with a total value of about $28 million, will bring considerable liquidity to the market and have the potential to significantly influence price movements in the short term.

這些解鎖的總價值約為2800萬美元，將為市場帶來大量流動性，並有可能在短期內顯著影響價格變動。

The token distribution includes allocations for Core Contributors and Ecosystem Growth, amounting to 54.06 million and 40.54 million tokens respectively.

令牌分佈包括核心貢獻者和生態系統增長的分配，分別為5406萬和4054萬個代幣。

SAROS is likely to face increased selling activity, depending on investor sentiment and the depth of market liquidity.

薩羅斯（Saros）可能會面臨銷售活動的增加，具體取決於投資者的情緒和市場流動性的深度。

This project is part of the Solana ecosystem, which has recently seen increased interest. The strength of the ecosystem as a whole may help cushion the impact of this unlocking.

該項目是Solana生態系統的一部分，該系統最近發現興趣增加。整個生態系統的強度可能有助於緩解這種解鎖的影響。

However, volatility is expected to increase ahead of and shortly after the unlock date.

但是，預計波動率將在解鎖日期之前和之後不久提高。

Pyth Network (PYTH) – May 20th

Pyth網絡（PYTH） - 5月20日

Pyth Network (PYTH) is scheduled to conduct a large token unlock on May 20, totaling 2.13 billion PYTH tokens—equivalent to about 58.3% of the current circulating supply.

Pyth網絡（PYTH）計劃於5月20日進行大型令牌解鎖，總計21.3億個Pyth令牌，相當於當前循環供應的約58.3％。

This major unlocking, valued at over $330 million, is expected to greatly affect the market dynamics of the PYTH token.

這種主要的解鎖價值超過3.3億美元，預計將極大地影響Pyth代幣的市場動態。

The token distribution reflects the project’s growth plans and covers several strategic areas:

令牌分佈反映了項目的增長計劃，並涵蓋了幾個戰略領域：

* 8.63% allocated for token sales will unlock, delivering liquidity to early backers.

*分配給令牌銷售的8.63％將解鎖，從而為早期支持者提供流動性。

* 30% of the tokens are held by the Pyth core team and contributors, recognizing their integral role in the project’s development.

* 30％的代幣由Pyth Core團隊和貢獻者持有，並認識到它們在項目開發中不可或缺的作用。

* 40% of the tokens are used for ecosystem growth and community initiatives, showcasing the project’s commitment to broader adoption and user engagement.

* 40％的令牌用於生態系統的增長和社區計劃，展示了該項目對更廣泛採用和用戶參與的承諾。

* 20% of the tokens are reserved for future use by the Pyth Foundation, ensuring the long-term sustainability and resilience of the project.

* 20％的代幣保留供Pyth Foundation將來使用，以確保該項目的長期可持續性和彈性。

This unlocking carries significant market risks as it is one of the biggest to occur in 2025 so far.

這種解鎖會帶來很大的市場風險，因為它是到目前為止最大的市場風險之一。

With such a large amount of tokens entering the market, there could be massive selling pressure, especially if demand for the token is limited.

隨著如此大量的令牌進入市場，可能會有巨大的銷售壓力，尤其是在對令牌需求有限的情況下。

Traders and investors need to be prepared for high volatility during this period.

在此期間，貿易商和投資者需要為高波動率做好準備。

Historically, key openings of this magnitude often lead to price corrections, unless there is a positive catalyst strong enough to stabilize the market.

從歷史上看，這種大小的關鍵開口通常會導致價格校正，除非有足夠強大的催化劑足以穩定市場。

Subsquid (SQD) – May 25th

亞quid（SQD） - 5月25日

Subsquid will unlock about 38.1 million SQD tokens on May 25, which represents about 2.86% of the total supply and is worth about $10.2 million.

5月25日，Subsquid將解鎖約3810萬平方米的令牌，約佔總供應量的2.86％，價值約10020萬美元。

This unlocking is part of the project’s vesting schedule

這種解鎖是項目歸屬時間表的一部分