$US vc may be buying while the pool is still backing, since the seed investor, team, and advisor still have an absurd amount of tokens locked. when that heavy unlock starts, it increases circulating supply and you need to understand whether there’s enough demand to absorb it. it doesn’t automatically mean it will fall, but it’s a risk i want to understand beforehand, not after. another thing is distribution. i open the on-chain data and want to know who the biggest holders are. if only a few wallets control a huge part of the supply, i’m already on alert. a whale moving positions can completely change liquidity depending on the project size