Discounts on crypto assets in the vesting process have reached 90%, according to experts from The Block., 2026/04/06 13:50:02

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Discounts on crypto assets in vesting reached 90% — experts from The Block0

The average discount on certain locked major crypto assets in the secondary market has reached 90%, according to crypto investor, founder, and CEO of the crypto fund Inversion, Santiago Roel Santos.

This pertains to the secondary market for locked tokens with vesting. It is a sector where early holders of coins sell their assets prior to official unlocking, allowing buyers to acquire them at a discount while assuming the risk of price fluctuations by the time of vesting. 

Santos noted that previously, discounts on locked tokens with a standard vesting period were around 60–70%. This trend has been corroborated by other experts interviewed by The Block.  

Omar Shakeeb, co-founder and business development director of the secondary crypto asset trading platform SecondLane, stated that discounts are indeed prevalent, but the average discount is in the range of 40–46%. Only 10% of tokens in the secondary market were offered at a 60% discount. The most significant discounts are observed in gaming projects, with some assets trading at approximately 80% below the spot price, claims Shakeeb.  

On the OFFX token resale platform for short vesting periods (less than a year), the median discount is around 40%, according to platform founder Jonas Thiele. For medium durations (13–24 months), the discount hovers around 50%. The most notable increase in discount is seen for long durations (over three years): in 2025, it rose from 50% to 60%, and currently stands at 70–80%. Thiele believes that transactions with long vesting periods are more challenging to close, as buyers are reluctant to take on such high temporal risk under current market conditions. 

Jan Strandberg, co-founder of the trading crypto platform Acquire.Fi, informed The Block that assets with a lock-up period of one and a half to two years or more are currently trading at discounts of 70% and above. The longer the duration, the greater the discount, he added. Strandberg noted that in previous cycles, discounts were around 50–60%. Even during the bearish trend of 2024, discounts were substantial but did not reach the current levels.  

According to crypto experts from The Block, the decline in token prices is primarily due to oversupply. Every week, assets worth between $500 million and $1 billion are unlocked. Meanwhile, demand remains weak, widening the gap between buyers and sellers. Market capital is shrinking, and investors are opting for more liquid assets, the publication reports.

Currently, over 40% of altcoins are trading at historical lows. The main reason is the surplus of new coins and the debt schemes of the funds behind their issuance, previously stated by an analyst from the on-chain platform CryptoQuant under the pseudonym Darkfost.