FxWirePro- Token unlock tomorrow (SCR)

Unlock Date:  Apr 22nd

Number of Tokens to be Unlocked: 40 million SCR (4% of Max Supply

Current Circulating Supply: 190 million SCR

Total supply: 1 Billion SCR

As of April 22, 2025, Scroll (SCR) will be releasing 40 million SCR tokens that account for 4% of the 1 billion tokens. The unlock will reduce circulating supply from around 190 million SCR and value around $9.2 million, which would introduce new liquidity into the market. As a Layer-2 Ethereum scalability solution using zkRollup technology, Scroll aims to enhance the scalability of Ethereum by reducing the cost of transactions and improving the throughput. Token unlock will attract more investor attention once again, but also create rising selling pressure as a function of the reactions of current holders.

The Scroll project has been expanding its ecosystem through collaborations with big players like Chainlink, Ether.fi, Alchemy Pay, and Nansen, and it notably launched its mainnet in October 2023. Through the inclusion of Chainlink, developers can now leverage stable, low-latency streams of market data, enabling sophisticated DeFi applications on the Scroll network. Investors are advised to keep a close eye on the next unlock event because such events tend to introduce volatility into the market due to dumping new tokens into the market. In the end, the impact on the price of SCR will solely depend on demand trends and general market condition at that time