I kept circling back to that date on the unlock tracker instead of the staking mechanics I was supposed to be studying and price was up over 11% in 24h when I checked, volume spiking past $34M
None of that momentum changes what happens on the 10th. Team, advisors, early round investors, that slice keeps releasing 1/36th a month off the May cliff, on schedule, whether the chain's doing 5x volume or dead quiet.
It's not reactive to usage. It's just… time based. Governance votes on inflation params, dual staking splits, burn auctions all that gets marketed as the mechanism shaping supply. But this unlock doesn't touch any of that. It just fires.
Made me second guess how much on chain governance actually steers near term float versus a spreadsheet that was locked in at TGE. Kinda obvious in hindsight, isn't that true of most vesting schedules though. Still felt different seeing it sit right next to a green candle.
Not saying it's bearish or bullish, just noticing the two clocks running separately. Anyone tracked what happens to price action the week these hit versus a quiet unlock week?
@BabylonLabs_io $BABY #baby
None of that momentum changes what happens on the 10th. Team, advisors, early round investors, that slice keeps releasing 1/36th a month off the May cliff, on schedule, whether the chain's doing 5x volume or dead quiet.
It's not reactive to usage. It's just… time based. Governance votes on inflation params, dual staking splits, burn auctions all that gets marketed as the mechanism shaping supply. But this unlock doesn't touch any of that. It just fires.
Made me second guess how much on chain governance actually steers near term float versus a spreadsheet that was locked in at TGE. Kinda obvious in hindsight, isn't that true of most vesting schedules though. Still felt different seeing it sit right next to a green candle.
Not saying it's bearish or bullish, just noticing the two clocks running separately. Anyone tracked what happens to price action the week these hit versus a quiet unlock week?
@BabylonLabs_io $BABY #baby