本週，加密市場正在為大量的令牌解鎖做準備

本週，幾個大項目將釋放其代幣供應的大部分。本週，加密市場正在為大量的令牌解鎖做準備。

This week, several crypto projects will see new tokens get unlocked, potentially setting the stage for some short-term price moves.

本週，一些加密項目將看到新的代幣被解鎖，有可能為一些短期價格轉移奠定基礎。

According to TokenUnlocks data, six projects have a combined total of over $316 million in tokens set to unlock this week. The unlocks often correspond to early investors, team members, or ecosystem incentives who might have been promised tokens as part of their compensation packages or participation in a token sale. Like vesting schedules, these events can also be tied to what might be significant short-term moves in the nascent token. The reason is simple: When a new token’s vesting schedule is up and it’s time for the token to be introduced to the market for buying and selling, those who receive the token at, say, a $0.1 price might be very happy to sell it at $0.2.

根據Tokenunlocks的數據，六個項目的總計超過3.66億美元的代幣將在本週解鎖。解鎖通常對應於早期投資者，團隊成員或生態系統激勵措施，這些激勵措施可能會被保證作為其薪酬套餐的一部分或參與令牌銷售的一部分。像歸屬計劃一樣，這些事件也可以與新生代幣中可能重大的短期移動相關聯。原因很簡單：當新的令牌歸屬時間表上升，現在該將令牌介紹給市場以買賣市場時，那些收到代幣的人（例如，0.1美元的價格）可能非常樂意以0.2美元的價格出售它。

Sui Leads the Week With Massive $259M Unlock

SUI領導本週，大量2.59億美元解鎖

The most substantial upcoming unlock is that of Sui. At 8:00 on May 1, 74 million SUI tokens will unlock, totaling roughly 259 million dollars and accounting for about 2.28 percent of the token’s current circulating supply.

最重要的即將到來的解鎖是Sui。 5月1日8:00，7400萬個SUI令牌將解鎖，總計約2.59億美元，約佔令牌當前循環供應的2.28％。

Layer 1 blockchain known for its high throughput and the Move-based smart contract programming model, Sui has been steadily developing and gaining traction through an ecosystem that is always growing.

SUI以其高吞吐量和基於移動的智能合同編程模型而聞名的第1層區塊鏈一直在穩步發展和通過始終增長的生態系統穩步發展和吸引。

Analysts predict that the size of the unlock that Sui is by now set to carry out will thoroughly test market sentiment. That’s because it’s going to flood the open market with a massive amount of tokens—at a super short time frame, no less. Sui traders will be on the lookout for indications that early backers are either pressuring the token to the downside or not.

分析師預測，SUI現在將要進行的解鎖的大小將徹底測試市場情緒。那是因為它將用大量的代幣淹沒公開市場，這是在超短的時間範圍內，而且不少。 SUI交易者將注意到早期支持者要么將令牌施加壓力或不犯下的跡象。

Other Notable Unlocks: Optimism, ZetaChain, and More

其他值得注意的解鎖：樂觀，Zetachain等

A significant unlock also awaits Optimism. At 8:00 on April 30, it will unlock 31.34 million OP tokens, valued at nearly $24.32 million. This unlock represents 1.89 percent of the circulating supply. As one of the leading scaling solutions for Ethereum Layer 2, Optimism has experienced price fluctuations after previous unlocks—fluctuations that have more often than not been in the direction of considerable increases—that some have directly attributable to the various market conditions surrounding decentralization.

一個重大的解鎖也在等待樂觀。在4月30日的8:00，它將解鎖3134萬個OP令牌，價值接近2432萬美元。該解鎖佔循環供應的1.89％。作為以太坊第2層的領先縮放解決方案之一，樂觀主義在以前的解鎖後經歷了價格波動 - 這種透射率更高，而這種透射率通常朝著大幅增加的方向發展 - 有些人直接歸因於分散化的各種市場條件。

On May 1 at 8:00, ZetaChain will unlock 44.26 million tokens worth approximately $11.1 million. This represents 5.67 percent of its circulating supply, one of the highest percentages among tokens unlocking this week. The significant increase in circulating supply may affect market behavior if not matched by strong demand.

5月1日，8:00，Zetachain將解鎖4426萬個令牌，價值約1,110萬美元。這佔其循環供應的5.67％，這是本週解鎖令牌中最高百分比之一。如果不符合強勁的需求，循環供應的顯著增加可能會影響市場行為。

This week, several other projects are set to release tokens, including IOTA, dydx, and Ethena. IOTA’s unlock is for a sizable amount; they’ll be releasing over 15 million tokens, worth around $3 million, on April 30 at 8 a.m. In a similar timeframe, dydx plans to release tokens that, paired with IOTA’s, make for a busy few days in terms of unlocked value. dydx’s release is for a comparably small amount of 8.33 million tokens, but in terms of value, it’s around $5 million. dydx plans to release its tokens on May 1 at 8 a.m.

本週，其他幾個項目將發布包括IOTA，DYDX和Ethena在內的代幣。 IOTA的解鎖是相當大的數量；他們將於4月30日上午8點在類似的時間範圍內發布超過1500萬個令牌，價值約300萬美元，DyDX計劃釋放與Iota的代幣，以繁忙的幾天，就未鎖定的價值而言。 DyDX的發布的數量相當少，有833萬個令牌，但就價值而言，約為500萬美元。 DYDX計劃於5月1日上午8點發布其令牌

Token Unlocks this week: Significant unlocks expected for $OP, $SUI, $ZETA, and more. $SUI ’s unlock is valued at $259M.

代幣本週解鎖：預計$ op，$ sui，$ zeta等的重大解鎖。 $ SUI的解鎖價值為2.59億美元。

According to @Tokenomist_ai data, the following tokens will be unlocked this week:

根據@tokenomist_ai數據，以下令牌將在本週解鎖：

🔹 IOTA ( $IOTA): 15.16M tokens, worth ~$3.28M (0.41% of circulating…

🔹iota（$ iota）：1516萬個令牌，價值約328萬美元（循環的0.41％…

— Followin (@followin_io) April 28, 2025

- 關注（@followin_io）2025年4月28日

What Token Unlocks Mean for the Market

令牌解鎖對市場意味著什麼

Crypto projects often have events in their life cycle when new tokens are created and made available to people. These are called “token unlocks.” They are mostly planned beforehand, like what you’d do for a surprise party when the guest of honor isn’t home. These “unlocks” are supposed to be good for the projects because they’re good for the people who are supposed to be holding the tokens: projects need their tokens to be held in order to grow, and holding is made easier (and thus much more probable) when you’re on the side of the smart money that’s been in the project for a long time. Got it?

加密項目在生命週期中通常會有事件，當時人們創建了新的令牌並提供給人們。這些稱為“令牌解鎖”。它們大多是事先計劃的，就像嘉賓不在家裡時，您要為一個驚喜聚會做的事情。這些“解鎖”應該對這些項目有益，因為它們對應該持有令牌的人有好處：項目需要保持令牌才能成長，並且當您站在項目中持續很長時間的智能貨幣方面時，持有變得更加容易（因此更有可能）。知道了？

Not all unlocks lead to sales, however. In many cases, tokens are staked, reinvested in the ecosystem, or simply held. The outcome often depends on several factors: the current market sentiment, the perceived value of the project, and the communication and management of the unlocks by

但是，並非所有解鎖都會導致銷售。在許多情況下，代幣被固定在生態系統中或簡單地持有。結果通常取決於幾個因素：當前的市場情緒，項目的感知價值以及解鎖的交流和管理