- RAIN’s $631.39M unlock leads by value and equals about 7.02% of its market cap.
- YZY’s $35.22M Aug. 16 unlock equals 22.83% of its circulating supply, far above RAIN.
- Research on 5,000+ unlocks linked larger supply releases with weaker price performance.
Crypto traders face another heavy vesting calendar this week, but headline dollar values alone do not reveal where the greatest supply pressure sits. CryptoRank’s Aug. 10–16 calendar places RAIN first, with about $631.39 million released on Aug. 10.
However, Tokenomist identifies YZY’s Aug. 16 cliff as the week’s most concentrated dilution event relative to its circulating supply.
RAIN Leads in Value, While YZY Faces a Larger Float Shock
According to CryptoRank data, 50.28 million RAIN tokens were unlocked on Aug. 10, representing 4.37% of the token’s maximum supply. The platform estimates the release at roughly 7.02% of RAIN’s market capitalization.
YZY, however, presents a different risk profile despite carrying a much smaller dollar value. Tokenomist reports that 120.83 million YZY, worth approximately $35.22 million, will become available on Aug. 16.
Although the dollar value is considerably lower than RAIN’s release, the YZY unlock represents 22.83% of the circulating supply. As a result, its proportional increase in available supply is significantly larger than RAIN’s headline figure suggests.
Consequently, traders comparing Token Unlocks may gain a clearer picture of potential supply pressure by focusing on circulating-supply percentages alongside headline dollar values.
Circulating Supply Reveals More Than Headline Unlock Value
This distinction matters as unlock valuations depend on prevailing token prices, meaning their dollar values can change significantly before scheduled vesting dates arrive.
Circulating-supply percentages, however, provide another layer of context by showing how much transferable inventory is being added relative to tokens already available in the market.
That proportional increase can be particularly important when assessing the potential impact of larger releases. Research covering more than 5,000 token unlocks found that releases below 1% of circulating supply had a limited average market impact.
By contrast, larger releases were associated with progressively weaker price performance as the share of newly available supply increased.
Recipient Concentration Changes the Risk Behind Each Unlock
YZY’s upcoming release is also highly concentrated among private investors. Tokenomist identifies private investors as the recipients.
About 12.5 million YZY is allocated to Vesting 1, while 8.33 million tokens belong to Vesting 2. In addition, YZY’s original distribution assigned 70% of the total supply to Yeezy Investments LLC.
RAIN, meanwhile, uses a broader allocation structure involving strategic sales, team members, advisers, marketing, ecosystem growth, and other investor-related categories.
Still, recipient concentration does not establish what holders will do once restrictions expire. An unlock simply makes tokens transferable.
Token Unlocks Do Not Automatically Translate Into Sell-Offs
Essentially, token unlocks remove transfer restrictions, but they do not prove that newly available assets will immediately reach exchanges. Hence, recipients may continue holding their tokens, use allocations for ecosystem activity, or transfer assets between wallets without selling them.
Historical data also shows that recipient type can matter. Keyrock’s analysis of more than 16,000 events found that both unlock size and recipient category materially influenced historical price reactions.
Its research also found that team allocations produced the weakest historical price response among the recipient categories examined.
Exchange Flows and Liquidity Show What Happens After Unlocks
After token unlocks occur, traders can monitor recipient wallets, centralized-exchange deposits, DEX liquidity, spot volume, and derivatives positioning. For YZY, attention centers on Aug. 16 and any movements from Yeezy-linked vesting wallets.
For RAIN, the focus has shifted beyond its Aug. 10 schedule toward the destination of newly transferable tokens. Those movements provide clearer evidence of potential market supply than the unlock headline alone.
Related: L2Beat Removes $7 Billion in RAIN From Arbitrum TVS
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