$GMT 11月7日 Unlocking 1.63% of the circulating supply (about $298,000) tomorrow.
To assess the impact of the unlock, focus on three things:
1) Scale: The percentage is not high, so the impact should be relatively limited;
2) Recipients: This unlock is for the foundation, team, and ecosystem community. Generally speaking, teams and early investors have a lower cost basis and are more likely to take profits, while ecosystem-related releases tend to be more spread out;
3) Absorption: An unlock ≠ everything being sold immediately. It also depends on whether the market can absorb the supply.
How would you sum up your current view in one sentence?
To assess the impact of the unlock, focus on three things:
1) Scale: The percentage is not high, so the impact should be relatively limited;
2) Recipients: This unlock is for the foundation, team, and ecosystem community. Generally speaking, teams and early investors have a lower cost basis and are more likely to take profits, while ecosystem-related releases tend to be more spread out;
3) Absorption: An unlock ≠ everything being sold immediately. It also depends on whether the market can absorb the supply.
How would you sum up your current view in one sentence?