$FF October 30: 3.83% of the circulating supply will be unlocked (approximately $12.69 million).
To assess the impact of an unlock, there are three main things to consider:
1) Size: medium-sized;
2) Recipients: this time, it’s the foundation and team. Generally, team members and early investors have a lower cost basis and are more inclined to cash out, while ecosystem-related releases tend to be more spread out;
3) Market absorption: an unlock ≠ an immediate sell-off of everything; it also depends on whether the market can absorb the supply.
Do you think the market is overreacting?
#FF