Yesterday I listed some key unlocks for the week but missed $PROVE . In fact, this is quite representative, because the unlock size of about $34.96M is roughly 104.17% of the circulating supply. The absolute amount may not be larger than the wider market’s capital, but this supply-percentage for many small coins is a structural shock pressure point.
You should know that what the market fears most isn’t just sell pressure—it’s not knowing how much fresh supply will enter the market. A $100M unlock facing a $10B liquid market may have limited impact; a $5M unlock facing extremely low liquidity can still smash a big hole.
So when dealing with small-cap coins, don’t just look at market cap and FDV. Pull up the unlock calendar for the next 30 days—especially the unlock-to-circulating ratio and the daily成交量-to-volume ratio—so you can avoid getting educated by the market.
You should know that what the market fears most isn’t just sell pressure—it’s not knowing how much fresh supply will enter the market. A $100M unlock facing a $10B liquid market may have limited impact; a $5M unlock facing extremely low liquidity can still smash a big hole.
So when dealing with small-cap coins, don’t just look at market cap and FDV. Pull up the unlock calendar for the next 30 days—especially the unlock-to-circulating ratio and the daily成交量-to-volume ratio—so you can avoid getting educated by the market.