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What Is the Impact of a Lock-up Expiration on the Asset’s Price?

A lock-up expiration often leads to a temporary, downward pressure on the asset's price. This is because a large volume of previously restricted shares or tokens becomes available for sale, and some insiders may choose to take profits.

The actual impact depends on market sentiment and the proportion of the circulating supply being unlocked.

Distinguish between ‘Trading Volume’ and ‘Liquidity Depth’
Does High Trading Volume Always Guarantee a Tight Bid-Offer Spread?
How Can a Large Market Order Affect the Bid-Offer Spread Itself?
How Have Some Exchanges Responded to Regulatory Pressure on Privacy Coins?