$STRK Oct 14: 3.05% of the circulating supply (about $20.39 million) unlocks tomorrow.
To assess the impact of the unlock, focus on three things:
1) Size: Medium-sized;
2) Recipients: This time, it’s the team and early investors. Generally, teams and early investors have a lower cost basis and are more inclined to take profits, while ecosystem allocations tend to be released more gradually;
3) Absorption: An unlock ≠ everything being sold immediately. It also depends on whether the market can absorb the supply.
What key levels are you watching?
To assess the impact of the unlock, focus on three things:
1) Size: Medium-sized;
2) Recipients: This time, it’s the team and early investors. Generally, teams and early investors have a lower cost basis and are more inclined to take profits, while ecosystem allocations tend to be released more gradually;
3) Absorption: An unlock ≠ everything being sold immediately. It also depends on whether the market can absorb the supply.
What key levels are you watching?