Audiera’s $67.78 million BEAT release is the largest of three scheduled Aug. 1 unlocks, while EIGEN and ZETA head into their events with weaker prices and softer demand.
BEAT has climbed 32.1% over the past seven days ahead of an Aug. 1 batch of token unlocks that will put BEAT, EIGEN and ZETA at the center of $77.07 million in scheduled releases. RootData said Audiera will unlock 21.25 million BEAT at 9 a.m. Beijing time, worth about $67.78 million and equal to 6.87% of circulating supply, making it the day’s largest supply increase. EigenCloud is set to release 38.35 million EIGEN worth about $7.87 million at 5 a.m. Beijing time, while ZetaChain will add 44.43 million ZETA worth $1.42 million at midnight; RootData put those at 5.18% and 2.94% of circulation, respectively. BEAT traded near $3.16 after moving between $2.19 and $3.69 over the past week, according to CoinGecko. Daily BEAT volume reached $37.84 million, up 148% from the previous day, leaving the unlock’s value at almost 1.8 times one day’s turnover. Using CoinGecko’s 309.27 million circulating supply figure, the release would lift tradable supply to about 330.52 million if all unlocked tokens enter circulation. The release also amounts to roughly 7% of Audiera’s $965.6 million market capitalization at the checked price. Audiera’s recent burn activity has supported demand but remains small relative to the incoming supply. The project reported 800,530 BEAT in revenue between July 13 and July 20, worth $1.84 million at its stated price, and said it burned 797,230 BEAT in the same period, taking cumulative burns to 17.04 million. Audiera wrote, “Over 17.04M BEAT permanently removed from circulation.” The August release is about 26.7 times the latest weekly burn and exceeds cumulative reported burns by 4.21 million tokens. Market attention is now on whether the new supply reaches exchanges quickly. BEAT’s latest rally stalled at $3.69, with support references at $2.80 and the seven-day low of $2.19. Market research account CrowdWisdom360 said, “If BEAT holds above the $2.45 support, a retest of the $2.60 resistance is likely. A break below $2.45 risks a drop toward $2.30.” CoinGecko’s community poll showed 60% bearish sentiment, suggesting the rally has not removed concern over volatility and dilution. EIGEN and ZETA have already weakened ahead of their releases. EIGEN traded near $0.203 after falling 12.6% over seven days and 7.2% over 24 hours, with $16.09 million in daily volume, making the unlock about 49% of one day’s turnover. ZETA traded near $0.0319 after dropping 9% over seven days and 5.1% in 24 hours; CoinGecko reported about $4.07 million in daily volume, putting its release at about 35% of turnover. The report said price and volume data support a FOMO (fear of missing out) case only for BEAT, while EIGEN and ZETA approach the event with falling prices and weaker demand. For U.S. traders, the Beijing-time Aug. 1 schedule falls on July 31: ZETA at noon EDT, EIGEN at 5 p.m. EDT and BEAT at 9 p.m. EDT. The report said exchange deposits after the releases would offer stronger evidence of sell-side activity, while continued custody, staking (locking tokens to support a network) or treasury use would limit the amount immediately available to traders.