🚨 DAILY TEA: I UNLOCKED 47% OF HIS FLOAT AND THE SERVER SAYS NOTHING 👀
DoubleZero () released ~ tokens on October 2 — almost HALF of the circulating supply in one shot, with weekly vesting to boot.
And October is just starting: ~.9B in unlocks come this month — on the 5th, with the 10th, and then a cliff on the 29th. Unlocks don’t always push the price down (depends on who receives them and liquidity), but when half the float is freed up, watch out for the sell pressure hitting you in the face.
Does an unlock = guaranteed dump, or the legend that this was already priced in? 👇
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading
DoubleZero () released ~ tokens on October 2 — almost HALF of the circulating supply in one shot, with weekly vesting to boot.
And October is just starting: ~.9B in unlocks come this month — on the 5th, with the 10th, and then a cliff on the 29th. Unlocks don’t always push the price down (depends on who receives them and liquidity), but when half the float is freed up, watch out for the sell pressure hitting you in the face.
Does an unlock = guaranteed dump, or the legend that this was already priced in? 👇
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading