REZ will unlock $2.12 million worth of tokens next week. How will the release of 40 million tokens affect the price?

Renzo Protocol (REZ) is about to undergo a large token unlock. According to the latest news, approximately 39.817 million REZ tokens will be unlocked at 8:00 AM Beijing time on January 24, 2026, with a current value of about $2.12 million based on the current price. This unlock is only 7 days away, and the market is beginning to focus on its potential impact on the price.

Unlock Scale and Basic Information

REZ is an Ethereum ecosystem project launched in April 2024, currently ranked 584th by market cap. Data shows that REZ has a total supply of 9.824 billion tokens, with a circulating supply of 6.218 billion tokens, and a circulation rate of 62.18%. This indicates that the project’s token release has reached a relatively advanced stage.

Impact of Unlock on Circulating Supply

Circulating Supply Change Analysis

The 39.817 million tokens being unlocked account for about 4.06% of the total supply. If all these tokens are released into circulation, the circulation rate would increase from the current 62.18% to approximately 66.24%. This is a relatively significant increase.

From the fully diluted market cap perspective, REZ is currently valued at $53.38 million. Based on snapshot data, the 24-hour trading volume is about $7.93 million, meaning the value of the unlocked tokens is equivalent to approximately 26.7 hours of trading volume. In a market with relatively limited liquidity, such an increase in supply could exert some pressure.

Market Focus

Currently, REZ’s market performance is relatively stable, with a 24-hour increase of 0.73%, a 7-day increase of 2.93%, and a 30-day increase of 18.65%. In the short term, market sentiment is positive, but large unlocks often serve as testing points for the price.

Key Areas to Watch Moving Forward

• Post-unlock token flow: Will these tokens enter the market immediately or be held by the holders?
• Trading volume changes: Will there be significant fluctuations in trading volume before and after the unlock?
• Price pressure: How well can the market absorb the new supply?
• Project team attitude: Will the project team take measures to stabilize the price or guide market expectations?

Summary

The scale of this REZ unlock is not particularly large in absolute terms, but given the current relatively limited market liquidity, its potential market impact warrants attention. From a token supply perspective, over 62% of tokens have already been released, and future release plans will continue to influence the token’s scarcity. For holders, closely monitoring the price trend before the unlock and the market reaction afterward is essential. The key question is whether the market can absorb this additional supply and whether there is enough buying support to sustain the price.