$IRYS is currently trading around $0.0148 – $0.0153, down over 90% from its October peak ($0.31). The main catalyst driving market tension right now is November 25, when the one-year lock-up cliff for team and early investor tokens expires.
Why all eyes are on $IRYS right now:
🔹 Massive unlock supply: Around 1.18 billion IRYS will enter circulation — nearly half (46%) of the current circulating supply.
🔹 Thin order book & high volatility: Traders are still talking about a recent $90,000 USDT liquidation caused by sharp price wicks amid low liquidity.
🔹 Key price levels: Immediate historical support sits at the $0.0117 low, while bulls need to reclaim $0.0185 – $0.0200 to break the downtrend.
Do you think the November 25 unlock pressure is already priced in, or are we heading below $0.0117? Share your take in the comments! 👇