THE EVENT THAT COULD HAVE TOPPLED OUR FIRST POSITION HAS ALREADY HAPPENED
Around 14 million $IO were unlocked on September 11.
Did the price collapse?
So far, no.
We bought 150,32952 $IO for 20 $USDT , with an approximate average price of US$0.133. Now, around US$0.130, our unrealized loss is about 2.4%.
Basically noise for a crypto of this size.
But unlocking doesn’t mean immediate selling. The pressure may show up gradually.
Our decision:
- Not to sell;
- Not to increase the position;
- Keep approximately 80 USDT in cash.
Has the market absorbed the new tokens, or just postponed the selling pressure?
#ProjetoIA1000 #criptoIA #ionet 👍👍👍
Around 14 million $IO were unlocked on September 11.
Did the price collapse?
So far, no.
We bought 150,32952 $IO for 20 $USDT , with an approximate average price of US$0.133. Now, around US$0.130, our unrealized loss is about 2.4%.
Basically noise for a crypto of this size.
But unlocking doesn’t mean immediate selling. The pressure may show up gradually.
Our decision:
- Not to sell;
- Not to increase the position;
- Keep approximately 80 USDT in cash.
Has the market absorbed the new tokens, or just postponed the selling pressure?
#ProjetoIA1000 #criptoIA #ionet 👍👍👍