本周，加密市场正在为大量的令牌解锁做准备

本周，几个大项目将释放其代币供应的大部分。本周，加密市场正在为大量的令牌解锁做准备。

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

本周，一些加密项目将看到新的代币被解锁，有可能为一些短期价格转移奠定基础。

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.

根据Tokenunlocks的数据，六个项目的总计超过3.66亿美元的代币将在本周解锁。解锁通常对应于早期投资者，团队成员或生态系统激励措施，这些激励措施可能会被保证作为其薪酬套餐的一部分或参与令牌销售的一部分。像归属计划一样，这些事件也可以与新生代币中可能重大的短期移动相关联。原因很简单：当新的令牌归属时间表上升，现在该将令牌介绍给市场以买卖市场时，那些收到代币的人（例如，0.1美元的价格）可能非常乐意以0.2美元的价格出售它。

Sui Leads the Week With Massive $259M Unlock

SUI领导本周，大量2.59亿美元解锁

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.

最重要的即将到来的解锁是Sui。 5月1日8:00，7400万个SUI令牌将解锁，总计约2.59亿美元，约占令牌当前循环供应的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以其高吞吐量和基于移动的智能合同编程模型而闻名的第1层区块链一直在稳步发展和通过始终增长的生态系统稳步发展和吸引。

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.

分析师预测，SUI现在将要进行的解锁的大小将彻底测试市场情绪。那是因为它将用大量的代币淹没公开市场，这是在超短的时间范围内，而且不少。 SUI交易者将注意到早期支持者要么将令牌施加压力或不犯下的迹象。

Other Notable Unlocks: Optimism, ZetaChain, and More

其他值得注意的解锁：乐观，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.

一个重大的解锁也在等待乐观。在4月30日的8:00，它将解锁3134万个OP令牌，价值接近2432万美元。该解锁占循环供应的1.89％。作为以太坊第2层的领先缩放解决方案之一，乐观主义在以前的解锁后经历了价格波动 - 这种透射率更高，而这种透射率通常朝着大幅增加的方向发展 - 有些人直接归因于分散化的各种市场条件。

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将解锁4426万个令牌，价值约1,110万美元。这占其循环供应的5.67％，这是本周解锁令牌中最高百分比之一。如果不符合强劲的需求，循环供应的显着增加可能会影响市场行为。

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.

本周，其他几个项目将发布包括IOTA，DYDX和Ethena在内的代币。 IOTA的解锁是相当大的数量；他们将于4月30日上午8点在类似的时间范围内发布超过1500万个令牌，价值约300万美元，DyDX计划释放与Iota的代币，以繁忙的几天，就未锁定的价值而言。 DyDX的发布的数量相当少，有833万个令牌，但就价值而言，约为500万美元。 DYDX计划于5月1日上午8点发布其令牌

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

代币本周解锁：预计$ op，$ sui，$ zeta等的重大解锁。 $ SUI的解锁价值为2.59亿美元。

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

根据@tokenomist_ai数据，以下令牌将在本周解锁：

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

🔹iota（$ iota）：1516万个令牌，价值约328万美元（循环的0.41％…

— Followin (@followin_io) April 28, 2025

- 关注（@followin_io）2025年4月28日

What Token Unlocks Mean for the Market

令牌解锁对市场意味着什么

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?

加密项目通常会在其生命周期中发生新的代币并提供给人们的事件。这些称为“令牌解锁”。它们大多是事先计划的，就像嘉宾不在家里时，您要为一个惊喜聚会做的事情。这些“解锁”应该对这些项目有益，因为它们对应该持有令牌的人有好处：项目需要保持令牌才能成长，并且当您站在项目中持续很长时间的智能货币方面时，持有变得更加容易（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，并非所有解锁都会导致销售。在许多情况下，代币被固定在生态系统中或简单地持有。结果通常取决于几个因素：当前的市场情绪，项目的感知价值以及解锁的交流和管理