$PUMP October 12: 1.48% of the circulating supply (approximately $39.57 million) will be unlocked today.
To assess the impact of the unlock, focus on three points:
1) Size: The percentage is relatively small, so the impact should be limited;
2) Recipients: This unlock is for the team and early investors. Generally, team members and early investors have a low cost basis and are more likely to take profits, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sale of everything. It also depends on whether the market can absorb the supply.
What do you think will happen next?
#PUMP
To assess the impact of the unlock, focus on three points:
1) Size: The percentage is relatively small, so the impact should be limited;
2) Recipients: This unlock is for the team and early investors. Generally, team members and early investors have a low cost basis and are more likely to take profits, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sale of everything. It also depends on whether the market can absorb the supply.
What do you think will happen next?
#PUMP