Is the token unlock a warning for a Rug Pull? Is it a fund unlocking season or a buy the dip carnival?

This week, several "big shots" in the blockchain circle will have their tokens unlocked: including projects like ENA, IMX, MOVE, SPEC, EIGEN, RENDER, etc., which will successively release a large number of tokens. Many people are refreshing their wallet addresses, fearing that once the old shareholders hit the "send" button, the market will tremble violently -- after all, in the past year, the ratio of unlocking to market crashes has been comparable to the mysticism of the coin circle.

But don't rush to pull out! These unlocked tokens may not all be "Rug Pull" tools. For example, the IMX project just secured a partnership with GameStop, and the chain's momentum remains strong; RENDER is being propelled by the AI wave, with institutions still buying; and EIGEN's staking yields and modular narrative are the backbone supporting the narrative ceiling.

Of course, after the MOVE and SPEC unlock, if there are no corresponding ecological benefits released, it may lead to a volatile washout where "the coin price soars first and then returns along the same path." At that time, the buy the dip crowd and the FOMO crowd will have a soul clash within 3 minutes.

Conclusion: It’s not about fearing the unlocking, but fearing the unlocking without a story. Smart money doesn’t look at "who unlocks", but at "who speculates on the unlocking in advance + seizes the opportunity to promote the narrative". The only truth in the crypto world is: only cut the leeks without faith.