The biggest "flood" in the crypto world in May is coming: RAIN unlocks $397 million, are VCs finally going to harvest?

What is the most terrifying word in the crypto circle?
Not zeroing out.
Not liquidation.
But:
"Token unlock."
Because many projects seem peaceful on the surface.
When it’s time to unlock, it suddenly turns into a "mass escape."
And this May, the most exciting protagonist in the market is RAIN.
A single unlock worth about $397 million, over 10% of the circulating market cap.
This ratio is no longer "watering down."
It’s like opening a dam directly.
Many retail investors haven't realized:
The true food chain at the top of the crypto world has never been retail investors.
It’s the VCs who acquire tokens at low cost.
You buy in the secondary market at $10.
They might have bought at $0.10 in the primary market.
So when many projects unlock, the market immediately enters a subtle atmosphere:
"Who will sell first?"
The funniest part is the project community.
The day before the unlock:
"Long-term ecosystem development."
"Hold firmly."
"Value investing."
On the day of the unlock:
"Bro, check out the on-chain addresses!"
The entire market’s tone instantly shifts.
Especially with RAIN this time, the scale is too exaggerated.
Nearly $400 million in new liquidity, which is like a stress test for any small- or mid-cap project.
Because the market’s biggest fear isn’t too many tokens.
It’s that the number of sellers suddenly increases.
That’s also why professional traders have been watching three things recently:
First, exchange inflow volume.
Second, order book depth.
Third, whale address movements.
Simply put:
It’s not about watching announcements.
It’s about seeing who’s secretly transferring tokens to exchanges.
Because the biggest embarrassment in the on-chain world is:
Everyone can see you’re preparing to run.
Even more ridiculous is that the crypto world has now formed a fixed pattern.
Bull markets are responsible for pumping.
Unlocks are responsible for pullbacks.
Many project teams like to say:
"Long-term optimistic."
But what it really means in market terms is:
"Just hold on for now."
Besides RAIN, SXT, OMNI, and ZETA are also unlocking simultaneously.
So the entire market in May suddenly feels like this:
"Everyone knows there’s risk,
but everyone hopes they won’t be the last to buy in."
And the most honest truth in crypto is:
Negative news isn’t scary.
Knowing negative news in advance is the scariest.
Because everyone will run early.
The ones left behind are often the most faithful.
And—
The slowest internet users.
#5月代币解锁潮来袭