January 20, 2026, Market Observation

This week, especially in the days approaching January 23, will become a critical point in time. Against the backdrop of potential macro liquidity tightening, we can see how much resilience the market truly has.

In the coming days, at least four well-known projects will unlock tokens simultaneously, releasing tens of millions of dollars worth of chips into the market within a few days. This is no small matter.

**How significant is the real pressure from the unlocking wave?**

First, let's talk about today, January 20, (LayerZero)ZRO(. This unlock will amount to approximately 25.71 million ZRO tokens, which, at current prices, is about $44.5 million. This is a substantial figure, setting a tense tone for the market.

The real test comes three days later. On January 23, )this Friday(, at least two projects will unlock tokens simultaneously, causing a double impact.

ANIME)ANIME( might be the most visible test. About 835 million tokens will be released, valued at approximately $6.3 million. But the issue isn't the absolute value; it's the proportion of the release — these tokens account for 13.84% of the current circulating supply. In other words, for every 100 ANIME tokens in circulation, an additional 13.84 tokens will suddenly appear. This is a very dangerous signal.

The market has already been digesting this information. The real test will be whether the market can hold steady after these unlocking tokens flood in.