๐ server gossip: on October 9 it releases tokens for a 74% of its market cap
yes, you read that right: SEVENTY-FOUR PERCENT. a ~56M token unlock happens and the whole project is valued at about 75M. when the float almost doubles overnight, the first to move are those who bought super cheap during vesting. itโs not an automatic sell, but the pressure is there and the market usually prices in the news ahead of the date ๐
if you have it in your wallet, my most sincere condolences ๐ซฉ and if youโre looking at it to play the dilution, then youโre one of us too.
= guaranteed dump, or is it already priced into the price? ๐
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading
yes, you read that right: SEVENTY-FOUR PERCENT. a ~56M token unlock happens and the whole project is valued at about 75M. when the float almost doubles overnight, the first to move are those who bought super cheap during vesting. itโs not an automatic sell, but the pressure is there and the market usually prices in the news ahead of the date ๐
if you have it in your wallet, my most sincere condolences ๐ซฉ and if youโre looking at it to play the dilution, then youโre one of us too.
= guaranteed dump, or is it already priced into the price? ๐
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading