$SEI October 13: 1.78% of the circulating supply (about $8.45 million) will be unlocked tomorrow.
To assess the impact of the unlock, there are three main things to consider:
1) Size: The share is not high, so the impact should be relatively limited;
2) Recipients: This time, the tokens belong to early investors and the team. Generally speaking, the team and early investors have a low cost basis and are often more inclined to cash out, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sale of all the tokens. It also depends on whether the market can absorb them.
Do you think the market is overreacting?
#SEI
To assess the impact of the unlock, there are three main things to consider:
1) Size: The share is not high, so the impact should be relatively limited;
2) Recipients: This time, the tokens belong to early investors and the team. Generally speaking, the team and early investors have a low cost basis and are often more inclined to cash out, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sale of all the tokens. It also depends on whether the market can absorb them.
Do you think the market is overreacting?
#SEI