Plasma's token could follow Pump's path, where a heavily shorted unlock became a clearing event that forced shorts to buy back. Both launched on hype, sold off at once and became hated, with the unlock dump priced in for months. About 1.67B team and investor XPL tokens unlock at the September one-year cliff, and the selling may already be front-run. Unlike Pump, which used half its revenue to buy its token, XPL lacks a revenue engine buying underneath, so it has only the setup. x.com 

Ethena's ENA may rally after its final investor unlock once the market realizes there will not be much selling impact. The unlock follows Ethena's big buyback and fee switch announcement. x.com 

Plasma's pumps are likely to be smothered for a while because a lot of float and supply remains in holders' hands. Many accounts promoting the product release disclose they are investors, much of the timeline seems to have been in a seed or angel round, and after the drop there are enough marginal sellers at bands all the way up. The product is reportedly decent and tokenomics may be changing for the better, but holders look keen to cut underwater positions. x.com  x.com 

Infleqtion may be due a catch-up trade as legacy shareholders look done, or very close to done, selling a month after its lockup expired. About 235M shares have traded since the April 20 unlock, and shares short fell 75% from April 17 to April 27, suggesting a handful of holders boxed shares before the unlock. Infleqtion has significantly underperformed other quantum stocks over the past 30 days, and a new government award is a great catalyst to move it back in the right direction. x.com  x.com 

Knowledge Atlas (Zhipu) could be a painful ride in the near term as its IPO lockup expires on July 7. The stock is already down 39% ahead of the expiry, though still up 12x year to date. x.com 

Cerebras is curling up out of a double bottom on volume and looks good above $191 support. Upcoming lockup dates are worth watching. x.com 

Circle looks set to turn back into an uptrend from a massive weekly base, with insider selling pressure likely exhausted. Nearly two years after the IPO, insiders and VCs who wanted to sell are probably gone, and the crypto theme is hot. x.com 

Cerebras shares face selling pressure as a sizable unlock hits its tiny float. Per the prospectus, about 28 million Class A shares held by directors, officers and non-employee holders become tradable on the second trading day after Tuesday's earnings, only about three months after listing. With IPOs coming years later, VC and PE backers collect the gains while retail becomes exit liquidity, needing seven years of 70% revenue growth to justify the valuation. x.com  x.com 

Worldcoin's token unlocks, worth around $100 million a month, need that much exit liquidity every month, and the buyers to absorb them have been drained. x.com 

PUMP looks set to dump as token unlocks begin. A post the author replies to reports that over $6M of tokens moved to investor and team wallets within an hour. x.com