According to Binance spot data, STRK plunged nearly 23% within 24 hours, with its price falling back to around $0.092 and trading volume surpassing $74 million.
Just a few days ago, the market was buzzing about the vision of transforming into an independent L1, but according to Token Unlocks data, this Thursday (October 15) will see an unlock wave of about 127 million tokens.
Watching this heavy-volume black candle late at night, the hype can hardly beat the reality of token supply being released. Ahead of an unlock, capital often runs faster than anyone else.
When facing this kind of sharp drop triggered by an unlock, do you usually wait for the selling pressure to fully play out before buying the spot dip, or would you rather stay in cash and wait for the chart to stabilize?
Personal opinions and information compilation, not investment advice, DYOR.
$STRK
Just a few days ago, the market was buzzing about the vision of transforming into an independent L1, but according to Token Unlocks data, this Thursday (October 15) will see an unlock wave of about 127 million tokens.
Watching this heavy-volume black candle late at night, the hype can hardly beat the reality of token supply being released. Ahead of an unlock, capital often runs faster than anyone else.
When facing this kind of sharp drop triggered by an unlock, do you usually wait for the selling pressure to fully play out before buying the spot dip, or would you rather stay in cash and wait for the chart to stabilize?
Personal opinions and information compilation, not investment advice, DYOR.
$STRK