$TAC rose slightly in the past 24 hours (+3.31%), but the market lacks clear catalysts. In addition, around August 15, about 1.93% of the circulating supply will be unlocked, which may amplify selling pressure in the short term.
From on-chain signals, although the unlocked amount this time is not large, given the generally weak sentiment and the fact that trading volume has not noticeably expanded, holders are more inclined to trim positions ahead of the unlock to reduce dilution risk. The technical setup may also easily form short-term suppression.
Key areas to watch include: whether on-chain “whale” addresses show concentrated transfers, how spot and derivatives positions change before and after the unlock, and how the community responds to progress in the project’s fundamentals.
For short-term trading, it is not advisable to chase aggressively ahead of the unlock date. It may be better to wait until the selling pressure has been released and volume stabilizes, then observe whether an effective support can form. For the medium to long term, you still need to judge based on core metrics such as the protocol ecosystem’s adoption rate, cross-chain TVL, and progress on partnerships.
#TAC
From on-chain signals, although the unlocked amount this time is not large, given the generally weak sentiment and the fact that trading volume has not noticeably expanded, holders are more inclined to trim positions ahead of the unlock to reduce dilution risk. The technical setup may also easily form short-term suppression.
Key areas to watch include: whether on-chain “whale” addresses show concentrated transfers, how spot and derivatives positions change before and after the unlock, and how the community responds to progress in the project’s fundamentals.
For short-term trading, it is not advisable to chase aggressively ahead of the unlock date. It may be better to wait until the selling pressure has been released and volume stabilizes, then observe whether an effective support can form. For the medium to long term, you still need to judge based on core metrics such as the protocol ecosystem’s adoption rate, cross-chain TVL, and progress on partnerships.
#TAC