@zhouxingda

January 2026 Token Unlock Risks and Governance Token Strategies January 2026 features significant unlocks (~$1B+ total), including HYPE ($323M), BGB ($504M), ONDO, APT, and ENA. These governance/utility tokens face short-term selling pressure, increasing volatility and potential price dips as vested supplies hit the market. Market Risks: Heightened dilution risk if holders sell; historical unlocks often cause 10-30% drawdowns absent strong demand. Timing Strategies: Sell or reduce exposure pre-unlock to avoid anticipated pressure; buy post-unlock dips if protocol fundamentals (TVL, revenue) remain robust. Buyback Potential: Protocols generating fees (e.g., Optimism's proposed 50% revenue buybacks starting Feb) can offset dilution, enhancing long-term governance token value. Prioritize projects with active repurchase mechanisms.

0 reply

0 recast

0 reaction