Unitas Labs (UP) unlocks 24.38 million tokens today. That's 6.29% of market cap. Small project. High unlock ratio.
Chainbase (C) follows tomorrow. 5.33% of market cap.
Now contrast that with Aptos yesterday: 0.52%. ARB on October 16: 1.38%.
The pattern: small caps with high unlock ratios bleed harder when the market is already risk-off. A 6% supply increase on a $26M project hits different than a 1% increase on a $1.35B one.
The unlock schedule matters more than the unlock size.
$UP
#crypto #ResearchFirst #Tokenomics #BinanceSquareFamily
Chainbase (C) follows tomorrow. 5.33% of market cap.
Now contrast that with Aptos yesterday: 0.52%. ARB on October 16: 1.38%.
The pattern: small caps with high unlock ratios bleed harder when the market is already risk-off. A 6% supply increase on a $26M project hits different than a 1% increase on a $1.35B one.
The unlock schedule matters more than the unlock size.
$UP
#crypto #ResearchFirst #Tokenomics #BinanceSquareFamily