Next week will see a "real gunfire" pressure test. Over 1 billion dollars worth of tokens will be released in a concentrated manner, including popular projects like ONDO, TRUMP, PUMP, and APTOS.

Seeing the words "unlock," many people's first thought is—dump the market. But it's not that simple in reality.

First, unlocking ≠ immediate selling. What truly determines the token price is who is unlocking and at what cost. Some large holders have already recouped their costs on their chips, and some project teams' unlocked tokens don't carry much weight. The key is to look at how the market makers' costs are structured.

Second, the larger the unlocking scale and the more famous the project, the more the market will rush ahead. Expectations lead to pre-emptive trading, and volatility usually occurs on the night before the unlock, not on the day of the unlock itself. The rhythm has already been disrupted.

The last point is the most critical—if, under such heavy unlocking pressure, the price can hold steady or even see increased volume, it signals genuine strong institutional entry. At this point, the bottom-fishing opportunities are often more valuable than before the unlock.

The core of next week is not about guessing the direction, but about observing: who is rushing to sell, and who is quietly accumulating.