A few thoughts on token unlock events:
Who receives the unlocked tokens matters: teams, early investors, ecosystem incentive programs, and community airdrop recipients often have different willingness to sell.
Markets often price in known unlock information ahead of time, so price movements on the day of an unlock are uncertain. Don’t automatically treat it as bad news.
$ARB 0.1802 (+6.69%)

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Just a few notes, not investment advice.