Next month will see an unlock coming up. However, over the past 24 hours, GENIUS has still risen by about 3%, and the market action is worth paying attention to. Typically, large unlocks mean newly circulating supply increases; if early holders have lower costs, there could be some periodical selling pressure. But since the price didn’t fall and instead climbed, it suggests that short-term buying demand is still being absorbed—and the market may have already priced in part of the expectations in advance.
Next, focus on three key data points: the proportion of the unlock size relative to the circulating supply; whether the tokens belong to teams or early institutions; and whether there are any further lock-up arrangements after the unlock. If the proportion is relatively high, price volatility is likely to be amplified. If key addresses continue to lock tokens, the impact on sentiment may be limited.
Don’t rely on a single bullish candle to judge it as a positive signal. It’s recommended to observe together with official announcements, on-chain transfers, and trading volume.#GENIUS #GeniusTerminal #Altcoin
Next, focus on three key data points: the proportion of the unlock size relative to the circulating supply; whether the tokens belong to teams or early institutions; and whether there are any further lock-up arrangements after the unlock. If the proportion is relatively high, price volatility is likely to be amplified. If key addresses continue to lock tokens, the impact on sentiment may be limited.
Don’t rely on a single bullish candle to judge it as a positive signal. It’s recommended to observe together with official announcements, on-chain transfers, and trading volume.#GENIUS #GeniusTerminal #Altcoin