Cheelee’s scheduled unlock adds 6.45M CHEEL to circulating availability, and on-chain flows will show whether supply heads to exchanges or long-term custody.
A token unlock entry on RootData’s calendar lists a Cheelee unlock on February 3, 2026, releasing 6.45 million CHEEL worth about $3.01 million and described as 11.349% of circulating supply.
The entry is presented as a scheduled unlock event rather than an ad hoc transfer, and it does not provide a specific time in the calendar view.
Unlocks matter because they change short-term supply dynamics, not because they guarantee selling. When a large percentage of circulating supply becomes available, price discovery can shift quickly if liquidity is concentrated or if a small number of recipients decide to monetize.
In practice, the market impact depends on two mechanisms.
First, distribution: who receives the unlocked tokens and under what constraints. Team, investors, and ecosystem programs behave differently.
Second, routing: whether unlocked tokens stay in custody, move into DeFi, or cluster into exchange deposit addresses.
The most useful validation step is to link the calendar entry to the real unlock mechanics on the chain.
Start with the CHEEL token contract on BscScan (0x1F1C90aEb2fd13EA972F0a71e35c0753848e3DB0) and confirm which contracts and wallets hold the largest balances. From there, monitor Transfer events around the unlock window and look for patterns that match vesting releases.
Key checks that clarify intent:
Calendar unlocks become market-moving only when tokens start traveling.
If tokens route toward exchange hot wallets, it increases the probability of near-term spot selling or collateral positioning. If tokens move into custody wallets with no exchange linkage, the supply shock can be more psychological than real.
Clustering matters. A few large transfers to exchange-linked addresses often carry more signal than many small transfers that look like internal rebalancing.
Liquidity context matters as well. If CHEEL order books are thin, even modest exchange deposits can widen spreads and amplify slippage.
So far, the event appears mainly through unlock calendars, with secondary relays repeating the same calendar language. Any framing about “selling pressure” should stay conditional until post-unlock routing is visible on-chain.
It is also important to treat any precise USD value as time-sensitive. Unlock calendars update estimated values as price changes, while token counts remain the more stable reference.
Cheelee’s unlock is notable because the calendar entry frames it as 11.349% of circulating supply, which can shift short-term price discovery if liquidity is concentrated.
The cleanest confirmation comes from on-chain routing: unlock source, recipient categories, and whether tokens cluster into exchange deposit paths. Until those flows appear, the unlock is a scheduled supply event, not proof of immediate selling intent.
The post Cheelee Unlock Today Releases 6.45M CHEEL, Over 11% of Circulation appeared first on Crypto Adventure.
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