$GUN October 30: 7% of the circulating supply (about $581,000) will be unlocked tomorrow.
To assess the impact of the unlock, focus on three things:
1) Size: It's a significant percentage and worth paying attention to;
2) Recipients: This time, it's early investors and the foundation. In general, teams and early investors have lower cost bases and are more likely to cash out, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
What will you do if things turn around afterward?
#GUN