How are FDV and Market Cap different?

Market Cap = price × current circulating supply. FDV (Fully Diluted Valuation) = price × **total maximum supply**. As tokens unlock, MC converges toward FDV. Buying when FDV >> MC means most tokens haven't circulated yet —— significant future dilution pressure.

Do cliff unlocks definitely cause price drops?

Not guaranteed, but probability increases significantly when (1) unlock size is large relative to circulating supply, (2) recipients have low cost basis and profit-taking incentives, (3) market liquidity is thin. Price the event rather than ignore it.

Should I buy right after a cliff unlock?

It depends: if sell pressure was already priced in before the cliff (price fell pre-event) and a bottom forms afterward, it could be an opportunity. But many "priced in" cliffs still see further drops due to prolonged selling pressure —— require multi-factor confirmation.

Should I avoid tokens with high FDV?

High FDV alone isn't bad if (1) backed by solid fundamentals/revenue, (2) the unlock schedule is mature. High FDV + low circulating supply + team holding majority is a combination to avoid.

Where can Vietnamese investors check unlock schedules?

Specialized platforms: CryptoRank, Tokenomist, Token Unlocks —— all offer schedules and unlock categories. Cross-reference multiple sources before making decisions, especially ahead of major cliffs.

Quay lại danh sách

Hướng DẫnNgười mới#token unlock#vesting#cliff

Token Unlock 2026: How to Read Vesting Schedules, Cliffs, and Structural Selling Pressure to Avoid Buying at the Top

Cập nhật: 20 tháng 5, 2026

You just bought a token with a small "circulating market cap" and felt safe. A few months later, a massive unlock dumps 10-20% more supply onto the market — the price drops 40% with no "bad news" in sight. That's a token unlock: the most underestimated structural variable in crypto investing. Understanding vesting schedules, cliffs, and how to price selling pressure helps you avoid buying right before a dump.

MãHóa AI2026-05-20T08:18:36.039Z8 phút đọc1,667 lượt xem