As the year comes to an end and the beginning of a new year, multiple mainstream and emerging public chain ecosystem tokens will enter a concentrated unlocking period. In the coming days, investors need to closely monitor these unlocking events, as large token inflows often exert short-term pressure on prices.

Let's first look at some key dates in December. On the afternoon of the 29th at 3:30 PM, HYPE will unlock nearly 10 million tokens, worth approximately $251 million, accounting for 2.87% of its circulating supply. On the same evening at 8:00 PM, ZORA will unlock 166 million tokens, roughly $6.7 million in value, representing 4.17%. On the evening of the 30th, KMNO will unlock 229 million tokens, which, although only $1.171 million in USD terms, makes up 5.35% of its circulating supply—a relatively high proportion.

After entering the new year, unlocking events become even more frequent. At 8:00 AM on January 1st, SUI will unlock 43.69 million tokens ($63.36 million), accounting for 1.17% of circulating supply. At 12:00 PM on the same day, EIGEN will unlock 36.82 million tokens, worth only $14.44 million, but representing 9.74% of circulating supply, indicating greater short-term pressure. On the morning of the 31st, OP will also participate, unlocking 31.34 million tokens ($8.60 million), accounting for 1.65%.

In the first week of January, the unlocking of ENA and other tokens will also occur gradually. On the 2nd at 3:00 PM, ENA will unlock 40.63 million tokens, equivalent to $8.60 million, representing 0.56% of circulating supply.

Although the scale of this wave of unlockings is relatively dispersed, combined with the market sentiment and liquidity changes at the end and beginning of the year, short-term volatility risks are worth noting. Traders are advised to adjust their strategies flexibly based on their own holdings.