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Token unlocks have the power to move markets. They inject fresh liquidity, trigger price swings, and influence investors’ feelings about a project. During these events, projects release previously locked tokens, making them available for public trading.

This week, three major projects are stepping into the spotlight—Scroll (SCR), Plume Network (PLUME), and Altlayer (ALT)—as they prepare to release a wave of tokens into circulation.

Ask Aime: How do these token releases impact the market?

Scroll (SCR) is a Layer 2 solution that boosts Ethereum’s scalability and efficiency. It uses zkRollup technology to lower transaction costs and increase throughput, helping ease issues like high gas fees and congestion. On April 22, 40 million SCR tokens, valued at about $9.2 million, will be unlocked. This unlock could introduce added liquidity to the market and maybe renewed interest in Scroll. The current circulating supply is 190 million SCR, with a total supply of 1 billion SCR.

Plume Network (PLUME) is a Layer 1 blockchain that brings real-world assets onto the chain. From fine art to green energy, it enables diverse asset-backed investments with fast, low-cost transactions. The network seamlessly integrates these assets into a composable RWAfi ecosystem, enhancing their utility and enabling broader financial interactions. The April 21 unlock will consist of over 108 million PLUME tokens valued at about $17.82 million at press time. Early backers and contributors will receive the majority of these tokens, while the team will allocate 7% for a community airdrop. The current circulating supply is 2 billion PLUME, with a total supply of 10 billion PLUME.

AltLayer (ALT) is a project focusing on enhancing blockchain scalability through Restaked Rollups. It uses “Restaked Rollups,” integrating existing rollup stacks like OP Stack and Arbitrum Orbit with EigenLayer’s restaking mechanism for improved security and decentralization. On April 25, AltLayer will unlock 240 million ALT tokens, releasing approximately $6.5 million worth into the market. This unlock could introduce added liquidity to the market and maybe renewed interest in Altlayer. The network will allocate the majority of these tokens to the Foundation, and for protocol development. The current circulating supply is 3.03 billion ALT, with a total supply of 10 billion ALT.

Ask Aime: What do the unlocks mean for Scroll, Plume Network, and AltLayer?

Similarly, other token unlocks for this week include Orbiter Finance (OBT) and Hatom (HTM) on April 20 and ZND on April 24.

Token unlocks can significantly impact the market dynamics of the respective projects. The influx of new tokens can lead to increased liquidity, which may attract more investors and traders. However, it can also dilute the value of existing tokens, potentially leading to price fluctuations. Investors and traders should closely monitor these events and consider the potential implications on their portfolios.

For Scroll, the unlock of 40 million SCR tokens represents 4% of the total supply. This significant release could lead to renewed interest in the project, especially given its focus on enhancing Ethereum’s scalability. The unlock could also provide an opportunity for early investors to realize gains or for new investors to enter the market.

For Plume Network, the unlock of over 108 million PLUME tokens represents 1.08% of the total supply. This unlock is particularly noteworthy as it includes a community airdrop, which could further engage the community and attract new users to the platform. The integration of real-world assets into the blockchain ecosystem is a unique value proposition that could drive long-term growth for the project.

For AltLayer, the unlock of 240 million ALT tokens represents 2.41% of the total supply. This unlock is significant as it will primarily benefit the Foundation and protocol development, indicating a strong commitment to the project’s growth and sustainability. The use of Restaked Rollups for enhanced scalability and security is a key differentiator for AltLayer in the competitive blockchain landscape.

In summary, the upcoming token unlocks for Scroll, Plume Network, and AltLayer present both opportunities and challenges for investors and traders. The influx of new tokens could lead to increased liquidity and renewed interest in these projects, but it could also result in price fluctuations and dilution of existing tokens. Investors should carefully consider these factors and stay informed about the latest developments in the market.