Token unlocks Aug. 1: $77M BEAT, EIGEN, ZETA supply shock
Crypto token unlocks are set for Aug. 1, with $77.07M scheduled across BEAT, EIGEN and ZETA—potentially raising short-term sell pressure as recipients transfer to the market. RootData and CoinGecko data show the releases all land Aug. 1.
BEAT: 67.78M tokens unlock on Aug. 1 (6.87% of circulating supply), valued at about $67.78M. BEAT rose 32.1% over seven days but is near $3.16 after a weekly pullback; daily volume is ~$37.84M (up 148%). The article flags resistance around $3.69 and support near $2.45.
EIGEN: 7.87M tokens unlock on Aug. 1 (about 49% of one day’s turnover). EIGEN is already down—down 12.6% over seven days and 7.2% in 24 hours—suggesting weaker demand into the event.
ZETA: 44.43M tokens unlock on Aug. 1 (about 2.94% of circulation). ZETA is down ~9% over seven days and trades near $0.0319, with the release worth about $1.42M (~35% of daily turnover).
Timing for US traders: ZETA’s midnight Beijing release is noon EDT, EIGEN’s 5 a.m. Beijing is 5 p.m. EDT, and BEAT’s 9 a.m. Beijing is 9 p.m. EDT—so ZETA and EIGEN enter during or shortly after US session hours, while BEAT arrives later. The article notes that exchange deposits would better confirm sell-side activity than just scheduled unlocks.
Overall, these token unlocks create a near-term supply headline, but price impact may diverge: the FOMO case appears stronger for BEAT than for EIGEN and ZETA.
Bearish
The headline is supply-led: token unlocks totaling ~$77M in BEAT, EIGEN, and ZETA can increase circulating supply and raise near-term sell pressure, especially if recipient transfers reach exchanges. BEAT has a stronger FOMO backdrop (volume up sharply and price still near recent highs), but EIGEN and ZETA are already trending down into the event, which typically amplifies volatility around unlock dates. Historically, large scheduled unlocks often create a “sell-the-news” pattern and widen intraday ranges; downside tends to persist longer when the market is already risk-off. Long term, impact depends on whether unlocked tokens are absorbed by ongoing demand (trading activity, staking, or treasury usage) rather than dumped on spot, which is why traders should watch for exchange deposits after Aug. 1. Overall, the setup skews more bearish than neutral for immediate trading and market stability.