Token unlocks are usually treated as calendar events. That is too narrow. The market begins pricing future supply long before tokens become transferable, while the eventual price impact depends on float, liquidity, recipient incentives, staking, market depth and the credibility of the project’s demand.

A ten-million-dollar unlock can be irrelevant for one asset and devastating for another. The percentage of total supply tells only part of the story. What matters is how much new liquid inventory enters the market, who controls it, what they are likely to do with it, and whether organic demand can absorb the resulting pressure.

The full POA report develops a practical unlock-risk framework, examines the most exposed token structures and identifies the indicators investors should monitor before supply expansion reaches the chart.