3 tokens unlocked for the fourth week of April

The token unlocking event has the power to change the market. They create new liquidity, trigger price volatility, and impact investors’ perceptions of a project. In these events, projects will issue previously locked tokens, allowing them to be traded publicly.

This week, 3 major projects are being focused on including Scroll (SCR), Plume Network (PLUME), and Altlayer (ALT) as they prepare for token issuance into circulation.

Scroll (SCR)

Unlock date: 22/4

The number of tokens unlocked: 40 million SCR ( accounts for 4% of the total supply )

Current circulating supply: 190 million

Total supply: 1 billion SCR

Scroll (SCR) is a layer 2 solution that enhances the scalability and efficiency of Ethereum. This solution utilizes zkRollup technology to reduce transaction costs and increase throughput, addressing issues such as high gas fees and congestion.

On April 22, 40 million SCR tokens ( worth approximately 9.2 million dollars ) will be unlocked. This unlocking could provide additional liquidity to the market and attract interest in Scroll.

Unlock token Scroll | Source: Cryptorank## Plume Network (PLUME)

Unlock date: 21/4

The number of tokens unlocked: 108.34 million PLUME (, 1.08% of the total supply )

Current circulating supply: 2 billion

Total supply: 10 billion Plume

Plume Network is a layer 1 blockchain that brings real-world assets (RWA) onto the chain. From art to green energy, the network enables investments backed by a diverse range of assets with fast transactions and low costs. The network seamlessly integrates these assets into the configurable RWAfi ecosystem, enhancing utility and enabling broader financial interaction.

The unlocking period on April 21 will include over 108 million PLUME tokens valued at approximately $17.82 million at the time of writing. Supporters and initial contributors will receive the majority of these tokens, while the team will allocate 7% for the community airdrop.

Unlock PLUME token | Source: Cryptorank## AltLayer (ALT)

Unlock date: 25/4

The number of tokens unlocked: 240.80 million ALT ( accounts for 2.41% of the total supply )

Current circulating supply: 3.03 billion

Total supply: 10 billion ALT

AltLayer (ALT) is a project focused on enhancing blockchain scalability through Restaked Rollup. This project utilizes “Restaked Rollup”, integrating existing rollups such as OP Stack and Arbitrum Orbit with EigenLayer’s restaking mechanism to improve security and decentralization.

On April 25, AltLayer will unlock 240 million ALT tokens, releasing approximately 6.5 million dollars into the market. This unlocking event could provide additional liquidity to the market and increase interest in Altlayer. The network will allocate the majority of the tokens to the Foundation and for the development of the protocol.

Unlocking ALT token | Source: CryptorankSimilarly, other tokens unlocked this week include Orbiter Finance (OBT) and Hatom (HTM) on April 20 and ZND on April 24.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making any decisions. We are not responsible for your investment decisions.

Minh Anh