227.8M $XPL unlock on Oct 25. The size isn’t the story. The change is.
Until now, ~88.9M came monthly. From Oct 25 it’s 227.8M. About 2.6x. First of 24 monthly tranches. Team share: 69.4M.
At 0.077, that’s ~$17.5M. Gate spot traded ~$674K in the last 24h.
Price is already down ~36% since late September (0.1196 → 0.077). Volume has faded.
Did the market price it in, or just stop paying attention? I can’t tell.
What I don’t have: market cap, FDV, who gets the non-team tokens. Unlock isn’t a sale. But it is supply that can be sold.
I’m watching 0.0728, today’s low. Holding it through the unlock on thin volume means supply was absorbed. A clean break means sellers were waiting.
If 227.8M lands on a book that trades $674K a day, who is the buyer?
High risk. Not financial advice. DYOR.
Source: cryptoticker.io
#XPL #TokenUnlock
Until now, ~88.9M came monthly. From Oct 25 it’s 227.8M. About 2.6x. First of 24 monthly tranches. Team share: 69.4M.
At 0.077, that’s ~$17.5M. Gate spot traded ~$674K in the last 24h.
Price is already down ~36% since late September (0.1196 → 0.077). Volume has faded.
Did the market price it in, or just stop paying attention? I can’t tell.
What I don’t have: market cap, FDV, who gets the non-team tokens. Unlock isn’t a sale. But it is supply that can be sold.
I’m watching 0.0728, today’s low. Holding it through the unlock on thin volume means supply was absorbed. A clean break means sellers were waiting.
If 227.8M lands on a book that trades $674K a day, who is the buyer?
High risk. Not financial advice. DYOR.
Source: cryptoticker.io
#XPL #TokenUnlock