$SEI 10 October 13 unlocks 1.78% of the circulating supply (about $7.97 million)—today.
To assess the impact of the unlock, focus on three things:
1) Size: The percentage is not high, so the impact should be relatively limited;
2) Recipients: This unlock is for early investors and the team. In general, teams and early investors have a low cost basis and are often more inclined to cash out, while ecosystem-related unlocks tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sale of everything. It also depends on whether the market can absorb the supply.
If the market moves the other way from here, how would you respond?
#SEI
To assess the impact of the unlock, focus on three things:
1) Size: The percentage is not high, so the impact should be relatively limited;
2) Recipients: This unlock is for early investors and the team. In general, teams and early investors have a low cost basis and are often more inclined to cash out, while ecosystem-related unlocks tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sale of everything. It also depends on whether the market can absorb the supply.
If the market moves the other way from here, how would you respond?
#SEI