On June 10th, ZK Nation officially released an important announcement regarding the unlocking of ZK tokens, attracting widespread attention in the cryptocurrency market. It is reported that the ZK token was issued in 2024. At that time, the team members of Matter Labs and investors jointly received approximately 33.3% of the total supply of tokens. This announcement clearly defines the key unlocking nodes and subsequent plans.
According to the announcement, the first round of token unlocking will be held on June 18th. Up to 25% of the token distribution shares attributable to team members and 10% of the token distribution shares attributable to investors will be unlocked. After calculation, the number of tokens unlocked this time accounts for 3.6% of the total maximum supply of tokens (21 billion), approximately 760 million. It is worth noting that the token allocation shares obtained by Matter Labs team members and investors during the Token Generation Event (TGE) will be released in accordance with the rule of “4 years of unlocking and 1 year of vesting period”.
From a timeline perspective, starting from July 2025, the unlocking pace will stabilize. It is estimated that about 0.8% of the total token supply will be unlocked each month, totaling approximately 167 million tokens. This process will continue until June 2028, when the four-year unlocking cycle will come to an end. Furthermore, the announcement specifically stated that approximately 33.3% of the total token volume was entirely allocated to the members of the Matter Labs team and investors, and the Matter Labs entity itself was not specifically allocated.
The announcement of the ZK token unlocking plan this time has a profound impact on the market. From the perspective of token supply and demand, the unlocking of a large number of tokens will increase the market circulation volume, which may exert downward pressure on the price of ZK tokens in the short term. If market demand fails to grow in tandem and supply exceeds demand, the token price may fluctuate. However, in the long term, if the unlocked tokens are used by team members and investors for positive purposes such as project ecosystem construction and market promotion, it will help enhance the intrinsic value of the ZK token, attract more investors’ attention, and drive the price back up.
For the team members and investors of Matter Labs, the unlocking mechanism is both an incentive and a constraint. The one-year vesting period ensures that the team can focus on construction in the early stage of the project and avoid market instability caused by premature selling of tokens. The four-year unlocking cycle prompts it to consider the long-term development of the project and continuously contribute to it to maximize the value of the token.
In the cryptocurrency industry, token unlocking is not uncommon, but the unlocking rules and market responses of different projects vary significantly. Compared with the aggressive unlocking strategies of some projects, the relatively stable and phased unlocking plan of the ZK token demonstrates Matter Labs’ consideration of market stability and the sustainable development of the project. However, the market is ever-changing. The actual performance of the ZK token after its unlocking still needs to be comprehensively judged in combination with multiple factors such as the overall situation of the cryptocurrency market, the progress of project technology, and the achievements of ecosystem construction.
As the first round of unlocking on June 18th approaches, cryptocurrency investors and market participants are closely monitoring the market dynamics after the unlocking of ZK tokens. Whether ZK Nation will take further measures in response to the market situation after the unlocking has also become the focus of attention from all parties.
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