Three crypto tokens are about to flood the market with new coins — and traders are nervous about what happens next.
On August 1, three projects are releasing huge amounts of tokens that were locked up. That means a lot of new supply is about to hit the market at the same time.
BEAT is getting hit the hardest. About 67.78 million BEAT tokens are about to unlock — that’s worth roughly $67.78 million. Think of it like this: imagine a company promises to release new shares to investors on a specific date. That’s what’s happening here, except with crypto tokens. Right now, BEAT makes up about 6.87% of all the coins in circulation. When these unlock, it’s going to add a significant amount.
Here’s the catch: BEAT has been on a hot streak. It went up 32.1% over the past week. But that’s partly because traders think the price will keep going up before the unlock happens. After the unlock? Nobody knows if people will sell or hold.
EIGEN and ZETA are also unlocking tokens, but smaller amounts. EIGEN is releasing about 7.87 million tokens, and ZETA is releasing 44.43 million. Both of these tokens have actually been falling before their unlock dates — down 12.6% and 9% respectively over the past week.
The timing is interesting. All three unlocks happen on August 1 in Beijing time, which means August 31 evening for US traders. That’s when the new tokens can actually be traded on exchanges.
Here’s what worries people: When you suddenly add millions of new tokens to the market, you need buyers ready to buy them. Otherwise, the price crashes. Right now, daily trading volume for BEAT is only about 37.84 million — the incoming unlock is almost twice that. That’s a lot of potential selling pressure.
BEAT is trading around $3.16 right now, but it’s already lost about 14% from its high. The big question is whether the price can hold above $2.45, which is a key support level. If it falls below that, watch out — it could drop all the way to $2.30 or lower.
The real unknown: Will the people who receive these unlocked tokens actually sell them? Or will they hold onto them? If they dump all at once, prices will crash. If they hold or sell slowly, the market can absorb it better. Right now, nobody knows what they’ll do.
