Token Unlock
A scheduled date when previously locked tokens become transferable and can be sold.
✦ Key Insight
Unlocks are one of the few supply shocks you can diarise in advance and size positions around.
✕ Common Misconceptions
Assuming price always drops on the day. Markets frequently front-run the event, and heavily anticipated unlocks sometimes mark a local bottom.
Detailed Explanation
In Practice
Dig Deeper
Wallet
Software or hardware that stores your private keys and lets you sign transactions.
Token
An asset created by a smart contract on an existing blockchain rather than being that blockchain's native currency.
Blockchain
A shared, append-only record of transactions maintained by many independent computers at once.
Transaction
A blockchain transaction is a signed or authorized instruction that changes blockchain state or transfers value when accepted by the network.