3 Major Token Unlocks to Watch in Late April 2024

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Token unlocks significantly impact cryptocurrency markets by introducing new liquidity, creating volatility, and shaping investor sentiment. These events mark the release of previously restricted tokens into circulating supply—often affecting trading dynamics.

This week, three high-profile blockchain projects—Scroll (SCR), Plume Network (PLUME), and AltLayer (ALT)—will unlock substantial token allocations. Here’s what you need to know:


1. Scroll (SCR) – April 22 Unlock

Key Details:

Project Overview:
Scroll is an Ethereum Layer 2 scaling solution leveraging zkRollup technology to reduce transaction costs and improve throughput. Its approach addresses chronic issues like network congestion and high gas fees.

Market Impact:
The unlock may increase liquidity and trading activity. Investors should monitor for potential price fluctuations as new SCR enters the market.

👉 Explore how Layer 2 solutions are transforming Ethereum


2. Plume Network (PLUME) – April 21 Unlock

Key Details:

Project Overview:
Plume Network is a Layer 1 blockchain specializing in real-world asset (RWA) tokenization. It enables fractional ownership of assets like art, real estate, and renewable energy projects through decentralized infrastructure.

Unlock Allocation:

Why It Matters:
This unlock could intensify trading volume and attract RWA-focused investors seeking exposure to tokenized physical assets.


3. AltLayer (ALT) – April 25 Unlock

Key Details:

Project Overview:
AltLayer enhances blockchain scalability via Restaked Rollups, combining Optimistic and ZK-Rollup frameworks with EigenLayer’s security mechanisms.

Unlock Allocation:

Potential Effects:
The release may bolster liquidity and renew interest in AltLayer’s modular rollup solutions.

👉 Discover the future of blockchain scalability


Additional Unlocks This Week


FAQs About Token Unlocks

1. How do token unlocks affect prices?

Unlocks often increase selling pressure if recipients liquidate holdings. However, strategic unlocks (e.g., for ecosystem growth) can foster long-term confidence.

2. Are unlocked tokens always sold immediately?

No. Tokens may be retained for staking, development, or vesting schedules. Check project announcements for details.

3. Why do projects lock tokens initially?

Lock-ups prevent early dumping, stabilize prices post-launch, and align team/investor incentives with long-term success.

4. How can investors prepare for unlocks?


Disclaimer: This content is for informational purposes only. Cryptocurrency investments carry risks—conduct independent research and consult financial advisors before decisions. Updates to our Privacy Policy and Terms apply.


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