Two token unlocks dropping this week โ hereโs what you need to know before they hit. ๐
๐ April 23 โ $DOLO Unlock (02:00 UTC)
Dolomite is a DeFi lending + DEX protocol on Arbitrum and Berachain. The unlock releases 14.25M DOLO tokens (~$475K) โ about 1.4% of total supply. Relatively small.
Dolomite has shown low sell pressure on past unlocks, so this one likely wonโt move the needle much. Current price sitting at $0.033 โ down 90%+ from its ATH of $0.367. ๐
๐ April 24 โ $INIT Unlock (02:00 UTC)
This one is bigger and worth watching. Initia is a Layer 1 + Layer 2 blockchain backed by Binance Labs and Delphi Digital. The unlock releases 82.94M INIT tokens (~$6.65M) โ thatโs 8.3% of total supply hitting the market in one shot. Released to Echo Sale investors โ early backers who are likely sitting on losses given INIT is down -94% from its ATH of $1.42 and currently trading at just $0.080. ๐
My take:
DOLO โ low impact, probably no major move. Watch for a small dip and quick recovery.
$INIT โ 8.3% supply unlock to early investors who are deep underwater = real sell pressure risk at 02:00 UTC Friday. If youโre holding $INIT, be careful around that window. ๐
Both unlocks happen at the same time Friday. Thatโs a double supply hit in one morning.
โ PulZ | Quick market takes
Follow PulZ for daily insights & alerts!
#DOLO #INIT #TokenUnlock #PulZ
