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.
Scroll (SCR)
Unlock Date: April 22
Number of Tokens to be 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 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.
Plume Network (PLUME)
Unlock Date: April 21
Number of Tokens to be 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 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.
AltLayer (ALT)
Unlock Date: April 25
Number of Tokens to be 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 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.
Similarly, other token unlocks for this week include Orbiter Finance (OBT) and Hatom (HTM) on April 20 and ZND on April 24.
The post 3 Token Unlocks for the Fourth Week of April appeared first on BeInCrypto.
