3 Token Unlocks for the Fourth Week of April
This week, three major projects—Scroll, Plume Network, and AltLayer—are unlocking millions of tokens, which could impact market liquidity and investor sentiment.
Token unlocks have the power to move markets. They inject fresh liquidity, trigger price swings, and influence investors’ feelings about a project. During these events, projects release previously locked tokens, making them available for public trading.
This week, three major projects are stepping into the spotlight—Scroll (SCR), Plume Network (PLUME), and Altlayer (ALT)—as they prepare to release a wave of tokens into circulation.
Scroll (SCR)
Unlock Date: April 22
Number of Tokens to be Unlocked: 40 million SCR (4% of Total Supply)
Current Circulating Supply: 190 million
Total supply: 1 billion SCR
Scroll is a Layer 2 solution that boosts Ethereum’s scalability and efficiency. It uses zkRollup technology to lower transaction costs and increase throughput, helping ease issues like high gas fees and congestion.
On April 22, 40 million SCR tokens, valued at about $9.2 million, will be unlocked. This unlock could introduce added liquidity to the market and maybe renewed interest in Scroll.
Scroll Token Unlock. Source:
Cryptorank
Plume Network (PLUME)
Unlock Date: April 21
Number of Tokens to be Unlocked: 108.34 million PLUME (1.08% of Total Supply)
Current Circulating Supply: 2 billion
Total supply: 10 billion Plume
Plume Network is a Layer 1 blockchain that brings real-world assets onto the chain. From fine art to green energy, it enables diverse asset-backed investments with fast, low-cost transactions. The network seamlessly integrates these assets into a composable RWAfi ecosystem, enhancing their utility and enabling broader financial interactions.
The April 21 unlock will consist of over 108 million PLUME tokens valued at about $17.82 million at press time. Early backers and contributors will receive the majority of these tokens, while the team will allocate 7% for a community airdrop.
PLUME Token Unlock. Source:
Cryptorank
AltLayer (ALT)
Unlock Date: April 25
Number of Tokens to be Unlocked: 240.80 million ALT (2.41% of Total Supply)
Current Circulating Supply: 3.03 billion
Total supply: 10 billion ALT
AltLayer is a project focusing on enhancing blockchain scalability through Restaked Rollups. It uses “Restaked Rollups,” integrating existing rollup stacks like OP Stack and Arbitrum Orbit with EigenLayer’s restaking mechanism for improved security and decentralization.
On April 25, AltLayer will unlock 240 million ALT tokens, releasing approximately $6.5 million worth into the market. This unlock could introduce added liquidity to the market and maybe renewed interest in Altlayer. The network will allocate the majority of these tokens to the Foundation, and for protocol development.
ALT Token Unlock. Source:
Cryptorank
Similarly, other token unlocks for this week include Orbiter Finance (OBT) and Hatom (HTM) on April 20 and ZND on April 24.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Arthur Hayes forecasts $1 million Bitcoin by 2030, links target to AI debt risks
AI valuation divergence intensifies! Anthropic IPO: Enthusiastic Silicon Valley bids $2 trillion, while a cautious Wall Street only recognizes $1.5 trillion
The valuation debate surrounding Anthropic’s IPO is exposing a pricing gap between Silicon Valley and Wall Street. Silicon Valley venture capitalists are still betting heavily on AI growth at high valuations, with some investment banks discussing an early valuation of around $2 trillion. Meanwhile, Wall Street public market institutions are focusing on high interest rates, capital expenditure on computing power, and ongoing financing pressures, and are leaning toward a $1.5 trillion valuation.
Micron (MU.US) Q4 earnings call: Management declares "No sign of supply-demand balance," 75% of shipments for next year already locked in; 2028 expected to be tighter than 2027
Micron Technology (MU.US) management expressed optimism during the Q4 earnings call, stating that AI-driven memory demand remains strong and that supply and demand will remain tight in 2027 and 2028.
After experiencing Muse, I cleared out my Airbnb holdings
A senior analyst heavily invested in Airbnb decided to sell all his Airbnb holdings just 10 days after experiencing Meta AI's Muse app. He believes that Muse not only understands his preferences but also helps him bypass Airbnb to book accommodations directly, at 60% lower prices. As AI agents begin to compare prices, cancel, and rebook on your behalf, the "traffic moat" that internet platforms depend on is under threat, and the era of "proactive e-commerce" may be dawning.
Crypto prices
More
