$MOVE November 9 unlocks 3.54% of the circulating supply (approximately $941,000).
To assess the impact of the unlock, focus on three things:
1) Size: medium-sized;
2) Recipients: this time, early investors, the ecosystem community, and the team. Generally, teams and early investors have a lower cost basis and a stronger incentive to cash out, while ecosystem-related releases tend to be more dispersed;
3) Market absorption: an unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
If it were you, would you act now or wait a little longer?
#MOVE
To assess the impact of the unlock, focus on three things:
1) Size: medium-sized;
2) Recipients: this time, early investors, the ecosystem community, and the team. Generally, teams and early investors have a lower cost basis and a stronger incentive to cash out, while ecosystem-related releases tend to be more dispersed;
3) Market absorption: an unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
If it were you, would you act now or wait a little longer?
#MOVE