I’ve been watching Project Bedrock and thinking about how token vesting shapes market behavior more than most people admit. On paper, vesting schedules look like a clean way to manage supply—locking tokens, releasing them gradually, and preventing sudden shocks. But in reality, they mostly delay decisions rather than remove them.
With BR, what matters isn’t just the unlock events themselves, but how the market starts reacting to them long before they happen. Liquidity begins to feel cautious, participants shift focus from fundamentals to timing, and anticipation quietly becomes part of the price action. Large holders usually plan ahead, while smaller holders often react later, which creates an uneven flow of information and behavior.
What I find most important is not whether unlocks are “good” or “bad,” but how behavior changes once locked tokens become liquid again. Some holders stay engaged, others move toward exits, and the market slowly reveals real conviction through action, not promises.
In the end, vesting doesn’t define value—it reveals how people behave when restrictions disappear.