If you're still ignoring token unlock schedules, stop now.
Traders constantly get wrecked by sudden supply increases that dump prices right after they pile in. You miss the exit and watch your portfolio bleed from the sell pressure that follows these cliffs.
This week a $913 million wave of tokens is hitting circulation. DoubleZero $2Z is unlocking 1.66 billion tokens valued at $113.2 million on October 2, a 47.7% jump in supply with Jump Crypto receiving 575 million of them. $SUI is releasing tokens in the same period too.
Some argue these events are priced in already and present accumulation chances since teams and VCs don't always dump everything at once. I think the scale here, particularly that huge percentage for $2Z, will create more downside than expected amid choppy $BTC conditions.
What's your take on holding through this week's unlocks?
#TokenUnlocks #SUI #CryptoTrading
Traders constantly get wrecked by sudden supply increases that dump prices right after they pile in. You miss the exit and watch your portfolio bleed from the sell pressure that follows these cliffs.
This week a $913 million wave of tokens is hitting circulation. DoubleZero $2Z is unlocking 1.66 billion tokens valued at $113.2 million on October 2, a 47.7% jump in supply with Jump Crypto receiving 575 million of them. $SUI is releasing tokens in the same period too.
Some argue these events are priced in already and present accumulation chances since teams and VCs don't always dump everything at once. I think the scale here, particularly that huge percentage for $2Z, will create more downside than expected amid choppy $BTC conditions.
What's your take on holding through this week's unlocks?
#TokenUnlocks #SUI #CryptoTrading
