Next week, the crypto market will be quite eventful. Starting from January 13th, popular tokens like CHEEL, CONX, ARB, and TRUMP will undergo large-scale unlocks one after another. The most noteworthy is TRUMP — on January 18th at 8:00 AM, 50 million tokens will be unlocked, accounting for nearly 12% of its circulating supply, with a value of up to $271 million. Meme tokens are inherently known for their volatility, and such a large unlock and release can be expected to exert short-term selling pressure. Historical experience shows that many similar tokens have experienced significant technical corrections after major unlocks.

Another detail that is easily overlooked is that the unlock scale of DBR on the 17th is actually more aggressive, with 618 million tokens released, accounting for 14.81% of the circulating supply, even exceeding TRUMP’s dilution. Although the per-token value is low, this concentrated release at such a scale could still trigger chain reactions of selling. In comparison, tokens like ARB and SEI have unlock proportions that are less eye-catching, but simultaneous unlocks by multiple large holders can also have a significant impact on market liquidity.

However, unlocks themselves do not necessarily mean negative signals. The key lies in who holds these tokens — if they are mainly long-term holders, the market impact will be limited; but if early investors are releasing large quantities, short-term pressure is unavoidable. My advice is to focus on tokens with unlock proportions exceeding 5% and plan risk management strategies in advance. After all, this wave of unlocks next week will reveal which tokens can withstand liquidity tests and which may follow the trend for adjustments. Let’s wait and see.