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3 Token Unlocks for the Fourth Week of April

2 mins
Updated by Ann Maria Shibu
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In Brief

  • Scroll (SCR) will unlock 40 million tokens on April 22, potentially adding liquidity and spurring market interest in its Layer 2 solution.
  • Plume Network (PLUME) releases 108.34 million tokens on April 21, fueling its vision for real-world asset-backed investments on blockchain.
  • AltLayer (ALT) will release 240 million tokens on April 25, supporting its scalability goals for better security and decentralization.
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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.
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
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.

Altlayer
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.

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Ann Maria Shibu
Ann Maria Shibu is a Managing Editor at BeInCrypto, where she specializes in covering regulatory developments in the crypto industry, with a particular focus on Europe. Before joining BeInCrypto, Ann served as News Editor at AMBCrypto for nearly two years, bringing valuable editorial experience to the role. She also spent four years at Reuters News as a Breaking News Correspondent, honing her skills in fast-paced, high-stakes reporting. Ann holds a Master’s degree in International Relations...
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