In the cryptocurrency market, the token unlocking mechanism of projects often becomes the focus of investors' attention. Taking $USUAL as an example, its predicament is quite representative: although the coin price has fallen, the market capitalization remains at a certain level, which is a common phenomenon for many tokens that adopt unlocking mechanisms.

Ideally, the business development of a project should match the speed of Token unlocks. However, in reality, many projects struggle to achieve this efficiency, leading to the continuous dilution of Token value, ultimately becoming a tool for harvesting profits from investors. Many investors only focus on price fluctuations, but neglect deeper issues.

For the evaluation of emerging Token projects, investors should focus their attention on several key indicators: the level of adoption at USD0, annual percentage yield (APY), and the proportion of retail holdings, among others. These factors often provide a more accurate reflection of the project's actual status and future prospects.

It is worth mentioning that the SUI project demonstrates how good business development can offset the pressure brought by Token unlocks. In contrast, RAY has adopted a strategy of halting unlocks while continuously promoting business development, which effectively prevents the dilution of investors' assets and even brings considerable returns to holders.

In contrast, projects that adopt large-scale unlocking mechanisms, such as STRK and TIA, often find it difficult to avoid the fate of a significant fall in coin prices. These cases provide valuable lessons for Crypto Assets investors.

When selecting investment targets, investors should carefully assess the project's token economics model, especially the impact of the unlocking mechanism on the project's long-term development. At the same time, it is important to closely follow the actual business progress of the project, rather than just short-term price fluctuations. Only in this way can investors make wiser investment decisions in this market full of opportunities and risks.