Many people fear large unlocks, but this is a typical linear way of thinking. From the perspective of cycle game theory, each major unlock is a "faith stress test" for the system and a reshuffling of chips. The reason why the esXAI mechanism of XAI is considered top-tier tokenomics is because it introduces a time preference penalty. Short-term traders eager to sell during the unlock period must endure high burn rates, and these burned tokens form the underlying deflation of the ecosystem. Those who stay will see their concentration of chips become increasingly higher. The market bottom is never born in calm and peaceful times but is solidified after repeatedly absorbing selling pressure and completing turnover. After enduring the pain of unlocks, what follows is an extremely lightweight upward rally.

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