Let me share a lesson I learned the hard way: I didn’t understand this at first.
Unlock dates and amounts are usually listed in a project’s tokenomics documentation. Some projects also publish their vesting contracts on-chain.
Early investors’ entry prices are usually far below the price after listing. Even if the price has fallen considerably, their holdings may still be in profit.
$ARB saw the first unlock of the team and investor allocations in March 2024. Current price: 0.1793.
What was the first situation in which you figured this out?

#ARB

Be aware of the risks and make your own decisions.