Major Token Unlocks: OP, ZETA, CHEEL Surpass $10M Each – Coincu

OP, ZETA, and CHEEL tokens will undergo substantial unlocks between April 28 and May 4, each releasing over $10 million.

The events are anticipated to influence token liquidity and potential market volatility, drawing attention to how investors may react strategically.

$10 Million Token Unlocks Stirring Liquidity Concerns

From April 28 to May 4, 29 tokens, including notable projects such as Optimism (OP), ZetaChain (ZETA), and Cheelee (CHEEL), will unlock significant token values. ChainCatcher news and RootData report the total exceeds $10 million for each token.

These unlocks are expected to impact the circulating supply, with OP releasing 32.21 million tokens valued at $25.85 million, accounting for 0.75% of its supply. ZETA and CHEEL follow closely with similar influences on their own circulating supplies.

Market observers note the absence of direct leadership statements from their official channels regarding these unlocks. “The market is on its toes,” remarked an analyst, highlighting the unpredictable outcomes of such significant token movements. Community reaction remains attentive, as such events typically lead to shifts in liquidity levels, prompting discussions among stakeholders.

Token Unlock Volatility: Historical Patterns and Market Reaction

Did you know? Historically, scheduled token unlocks can lead to increased volatility, as evidenced by past events where market responses included heightened trading volumes and price fluctuations.

CoinMarketCap data shows Optimism (OP) currently priced at $0.79, with a market cap of $1.31 billion and a 24-hour trading volume of $109.67 million. The token has observed a 24-hour price change of -5.01%, while the 90-day change indicates a decline of 44.97% as of April 27, 2025.

The Coincu research team highlights that scheduled unlocks like these typically contribute to temporary price shifts, often monitored by stakeholders preparing for adjustments in trading strategies. Long-term market implications require further analysis of shifting liquidity and investor sentiment trends.