The week starting April 21 does not have many significant unlocks lined up, with the only ones standing out being from three ecosystems.
Space ID, Cartesi, and Yield Guild Games have some of the most voluminous token unlocks scheduled for next week. ID,CTSI, and YGG worth millions of dollars are set to flood markets in a cliff unlock. Increased token supply could create massive sell pressure. Investors should expect volatility around the calendar dates of the token unlocks and maintain cognizance that this event is often a bearish catalyst.
The recipients determine whether selling pressure should be expected or not, depending on their assumed selling appetite. Traders tend to keep an eye out for such events because of their nature to cause price volatility. Proactive traders know how to make a profit by trading around these events. The other lot is often rekt as part of exit liquidity.
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