When tokens unlock according to a vesting schedule, they become claimable but do not automatically enter circulation. The beneficiary — whether an investor, team member, or ecosystem fund — must execute an on-chain transaction to withdraw tokens from the vesting contract. This two-step process (unlock then claim) creates a measurable gap that analysts use to gauge supply pressure timing. The claim pattern carries significant signal. If an investor claims tokens within hours of unlock and transfers them to an exchange, the market can expect near-term sell pressure. If tokens remain unclaimed for weeks or months, the beneficiary may be signaling long-term conviction or may be subject to additional off-chain restrictions (such as lock-up agreements that extend beyond the on-chain vesting period). Some beneficiaries claim tokens and move them to DeFi protocols for yield, adding supply to lending markets rather than spot markets. Tracking claim activity across multiple beneficiary categories — team, investors, ecosystem, advisors — provides a granular view of who is accessing their tokens and when. Large claim events from a single category can shift market dynamics, especially for tokens with concentrated allocations. Monitoring the destination of claimed tokens (exchange deposits vs. wallet holding vs. DeFi deployment) adds another layer of intent analysis.