Token Lockup can change the market. They provide new liquidity, cause price volatility, and affect investor sentiment about a project. In these events, projects will release previously locked tokens, making them available for public trading.
This week, three major projects are in the spotlight—Scroll (SCR), Plume Network (PLUME), and Altlayer (ALT)—as they prepare to release a large number of tokens into circulation.
Scroll (SCR)
Unlock Date: 22/04
Number of Tokens Unlocked: 40 million SCR (4% of total supply)
Current Circulating Supply: 190 million
Total Supply: 1 billion SCR
Scroll is a Layer 2 solution that enhances Ethereum's scalability and performance. It uses zkRollup technology to reduce transaction gas fees and increase throughput, helping to address issues like high gas fees and congestion.
On 22/04, 40 million SCR tokens, valued at approximately $9.2 million, will be unlocked. This unlocking could bring additional liquidity to the market and potentially create new interest in Scroll.
Scroll Token Unlock. Source: CryptorankPlume Network (PLUME)
Unlock Date: 21/04
Number of Tokens Unlocked: 108.34 million PLUME (1.08% of total supply)
Current Circulating Supply: 2 billion
Total Supply: 10 billion Plume
Plume Network is a Layer 1 blockchain bringing real-world assets on-chain. From art to green energy, it enables diverse asset-based investments with fast and low-cost transactions. The network seamlessly integrates these assets into the RWAfi ecosystem, enhancing their utility and allowing broader financial interaction.
The unlocking on 21/04 will include over 108 million PLUME tokens valued at approximately $17.82 million at the time of writing. Initial investors and contributors will receive most of these tokens, while the team will allocate 7% for community airdrop.
Plume Token Unlock. Source: CryptorankAltLayer (ALT)
Unlock Date: 25/04
Number of Tokens Unlocked: 240.80 million ALT (2.41% of total supply)
Current Circulating Supply: 3.03 billion
Total Supply: 10 billion ALT
AltLayer is a project focused on improving blockchain scalability through Restaked Rollups. It uses "Restaked Rollups," integrating existing rollup stacks like OP Stack and Arbitrum Orbit with EigenLayer's restaking mechanism to improve security and decentralization.
On 25/04, AltLayer will unlock 240 million ALT tokens, releasing approximately $6.5 million into the market. This unlocking could bring additional liquidity to the market and potentially create new interest in Altlayer. The network will allocate most of these tokens to the Fund and protocol development.
Altlayer Token Unlock. Source: CryptorankSimilarly, other token unlocks this week include Orbiter Finance (OBT) and Hatom (HTM) on 20/04 and ZND on 24/04.
