Polyhedra Network（ZKJ） - 5月19日

当大量先前锁定的令牌被释放到流通中时，它会触发销售压力并增加市场波动。

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

计划下周（5月19日至25日）进行几个重要的令牌解锁，这可能会影响市场价格和投资者的情绪。

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

当大量先前锁定的令牌被释放到流通中时，它会触发销售压力并增加市场波动。

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

建议商人，尤其是长期投资者，密切监视此关键开放，以评估可能的价格变动和市场动态。

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将解锁1550万个ZKJ令牌，以目前的价格为3300万美元。

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.

虽然不如Pyth代币解锁大，但对于这个相对较新的项目来说，这仍然是一个重大的供应活动，该项目于2024年12月推出了其主网。

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

5月19日的解锁包括各种战略类别的分布良好。

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％或约847万个令牌，被指定为生态系统和网络激励措施，以支持协议的长期实用性以及用户参与。

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

社区，空投和营销计划将获得1.74％或约261万个令牌，以推动品牌增长和用户参与度。

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

同时，基金会储备将增加2.41％（约361万个令牌），以确保项目的可持续性。

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（代币生成活动）之前的代币买家将解锁4％或约80万个令牌。如果早期投资者选择实现利润，这可能是一个短期风险因素。

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

这项新的代币发行可能会鼓励早期的支持者和内部各方出售其令牌，这可能会给价格下降压力。

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互操作性的零知识证明（ZK-PROFFARE）基础架构引起了人们的关注，并且这种解锁将是对项目长期价值的市场信心。

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

建议短期持有人谨慎，因为这种解锁可能会导致暂时的价格不稳定。

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.

萨罗斯（Saros）将于5月19日解锁2.139亿萨罗斯（Saros）令牌，相当于总销售总额的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.

这些解锁的总价值约为2800万美元，将为市场带来大量流动性，并有可能在短期内显着影响价格变动。

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

令牌分布包括核心贡献者和生态系统增长的分配，分别为5406万和4054万个代币。

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

萨罗斯（Saros）可能会面临销售活动的增加，具体取决于投资者的情绪和市场流动性的深度。

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.

该项目是Solana生态系统的一部分，该系统最近发现兴趣增加。整个生态系统的强度可能有助于缓解这种解锁的影响。

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

但是，预计波动率将在解锁日期之前和之后不久提高。

Pyth Network (PYTH) – May 20th

Pyth网络（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网络（PYTH）计划于5月20日进行大型令牌解锁，总计21.3亿个Pyth令牌，相当于当前循环供应的约58.3％。

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

这种主要的解锁价值超过3.3亿美元，预计将极大地影响Pyth代币的市场动态。

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

令牌分布反映了项目的增长计划，并涵盖了几个战略领域：

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

*分配给令牌销售的8.63％将解锁，从而为早期支持者提供流动性。

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

* 30％的代币由Pyth Core团队和贡献者持有，并认识到它们在项目开发中不可或缺的作用。

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

* 40％的令牌用于生态系统的增长和社区计划，展示了该项目对更广泛采用和用户参与的承诺。

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

* 20％的代币保留供Pyth Foundation将来使用，以确保该项目的长期可持续性和弹性。

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

这种解锁会带来很大的市场风险，因为它是到目前为止最大的市场风险之一。

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

随着如此大量的令牌进入市场，可能会有巨大的销售压力，尤其是在对令牌需求有限的情况下。

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

在此期间，贸易商和投资者需要为高波动率做好准备。

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

从历史上看，这种大小的关键开口通常会导致价格校正，除非有足够强大的催化剂足以稳定市场。

Subsquid (SQD) – May 25th

亚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将解锁约3810万平方米的令牌，约占总供应量的2.86％，价值约10020万美元。

This unlocking is part of the project’s vesting schedule

这种解锁是项目归属时间表的一部分