$CARV October 11: 5.85% of the circulating supply (about $1.62 million) unlocks tomorrow.
To assess the impact of an unlock, focus on three things:
1) Size: The share is significant enough to warrant attention;
2) Recipients: This unlock is for the team and early investors. Generally, teams and early investors have a low cost basis and are often more inclined to cash out, while ecosystem-related releases tend to be more spread out;
3) Market absorption: An unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
Is it a signal or a trap?
#CARV
This opinion is for discussion purposes only. You are responsible for your own gains and losses.
To assess the impact of an unlock, focus on three things:
1) Size: The share is significant enough to warrant attention;
2) Recipients: This unlock is for the team and early investors. Generally, teams and early investors have a low cost basis and are often more inclined to cash out, while ecosystem-related releases tend to be more spread out;
3) Market absorption: An unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
Is it a signal or a trap?
#CARV
This opinion is for discussion purposes only. You are responsible for your own gains and losses.