When locked tokens unlock, more supply meets the same demand and your share shrinks while you hold it. You can be completely right about a project and still lose money. Of 929 assets we have reviewed, 136 still have heavy unlocks ahead and 125 release supply continuously.
The cost nobody prices in. When locked tokens unlock, more supply meets the same demand. You can be completely right about a project and still lose money, because your share of it shrank while you held it. Of the 929 assets we have reviewed, 136 still have heavy unlocks ahead and another 125 are releasing supply continuously.
This is our own review data rather than a price feed, so it does not go stale in the way a market number does.
A token with a quarter of its supply still locked has a quarter of its float arriving at some point, usually to people who received it far below the current price and have been waiting to sell. The project can ship everything it promised and the price can still fall, because the supply side of the equation moved and the demand side did not.
This is the most predictable risk in crypto and among the least priced in. Vesting schedules are published. Anyone can read them. Almost nobody does.
These have a substantial share of supply still locked. Highest scoring first, because a strong project with dilution ahead is a timing question, and a weak one with dilution ahead is simply a weak project.
Showing the 40 highest scoring of 136. The rest are in the full directory, filterable by unlock schedule.
These emit supply on an ongoing basis rather than in cliffs. Steadier, and it never stops, so the question is whether demand grows faster than the issuance.
647 assets have finished unlocking. Their supply is fully circulating, which removes this specific risk entirely. That is a genuine advantage and rarely mentioned when it applies.
626 assets have high holder concentration. Separate from unlocks and often worse: supply that is already circulating but sits in very few hands can hit the market at any moment with no schedule to warn you.
Most projects issue tokens to a team, investors and a treasury on a vesting schedule, so only part of the supply circulates at first. When a tranche unlocks, that supply becomes sellable. It usually belongs to people who acquired it far below the current price and have been waiting. More supply meeting the same demand moves the price down, which is why a project can deliver everything it promised and still fall.
Ongoing emissions are a steady drip, predictable and usually priced in. An unlock cliff is a step change, where a large amount becomes available on a specific date. Both dilute you. The cliff is more disruptive because the market has to absorb it all at once, and holders often sell ahead of the date in anticipation.
Our own reviews of every asset in the directory rather than a price feed. Each is assessed on whether distribution is finished, ongoing, or has heavy unlocks still ahead. Because it describes a schedule rather than a market price, it does not go stale the way live figures do.
It removes one specific risk, which is genuinely worth something and rarely mentioned. It says nothing about the rest. A fully distributed token can still be concentrated in very few hands, and that supply can hit the market at any moment with no schedule to warn you. We flag concentration separately for that reason.
No, and that would rule out most of the market including plenty of serious projects. Vesting exists for a reason: it stops teams and early investors selling immediately. What matters is knowing the schedule, sizing accordingly, and treating a large unlock the way you would treat an earnings date rather than being surprised by it.
We seal the list every week and keep re-checking every token on it, so you can see what actually happened to them rather than only what is trading today.
