Unlock night came and went — and the dump never showed up.

That's the verdict from Unlock Radar #4. Today's ~23.3M $ZRO unlock (~$44.2M notional) met the tape, and the market shrugged: $ZRO at $1.899 (+2.8%/24h), the $1.70 line never tested (day low $1.808), and the day's two heaviest 4h candles — 1.37M ZRO midday, 833K into the evening — held without a dump.

The lesson: on unlock night, the headline token count is a distraction. 23.3M tokens sounds like a flood; $44M of notional against ~$11.2M of spot daily volume is the number that matters. Absorbed or dripping quietly — disclosures aren't flows. Overhead: today's $1.985 high. A 4h close under $1.70 retires the thesis.

Counterweight: one tracker counts a 12.8% average worst drawdown within nine days after past unlocks. Absorbed today isn't absorbed forever. $KAITO's ~17.6M unlock lands at 19:00 WIB as I write — $0.275 (+1.1%) on thin $655K volume, no verdict yet.

On unlock night, which number do you watch — the tokens unlocking, or the dollar liquidity behind them? NFA. DYOR.

$ZRO $KAITO #CryptoMarkets #LayerZero #TokenUnlock