⏰ $60 MILLION IN CRO UNLOCKS TOMORROW!
Cronos (CRO) releases about 1.17 BILLION tokens tomorrow, November 16 — around $60 million, or 2.3% of all CRO out there. They go to the Cronos Strategic Reserve.
Here is the crazy part: Cronos burned only 1.79 million CRO in its first monthly buyback on October 30 — about $92,000. Tomorrow's release is around 670 TIMES bigger than that burn!
CRO is near $0.05, down about 10% this week. Same day, Arbitrum also unlocks about $15 million.
An unlock is not a sale — but it is new supply. What do you think happens to CRO tomorrow? 👇
#Cronos #CRO #crypto
$CRO $BTC
Cronos (CRO) releases about 1.17 BILLION tokens tomorrow, November 16 — around $60 million, or 2.3% of all CRO out there. They go to the Cronos Strategic Reserve.
Here is the crazy part: Cronos burned only 1.79 million CRO in its first monthly buyback on October 30 — about $92,000. Tomorrow's release is around 670 TIMES bigger than that burn!
CRO is near $0.05, down about 10% this week. Same day, Arbitrum also unlocks about $15 million.
An unlock is not a sale — but it is new supply. What do you think happens to CRO tomorrow? 👇
#Cronos #CRO #crypto
$CRO $BTC
