Several tokens have unlock events scheduled for different days this week, with Avalanche, Lido DAO, and Space ID featuring among the most voluminous.
AVAX, LDO, ID to unleash $126 million in token unlocksare set to increase. The event will be a cliff token unlocks, where a specified amount of tokens are unlocked immediately after a specified period or vesting phase. For the Lido DAO ecosystem, the tokens will go to investors.
As token unlocks add to the circulating supply, they are bearish in nature. The unleashed tokens come into the circulating supply, causing an increase in selling pressure leading to the value of existing tokens depreciating. For Space ID, the tokens going toward the ecosystem fund, community airdrop, and the foundation will likely not be sold immediately for a profit. Nevertheless, the marketing and airdrop chunk will likely add to the selling headwinds for ID tokens. On the other hand,could indicate a price slump, with tokens going to partners and the airdrop, but those allocated to the foundation and the team may be held for a while.
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