$AGT 10 October 14: 5.18% of the circulating supply (about $2.67 million) will be unlocked—today.
To assess the impact of an unlock, there are three main things to look at:
1) Size: The percentage isn’t small, so it’s worth paying attention to.
2) Who receives it: This unlock is for the ecosystem community and early investors. Generally speaking, teams and early investors have a low cost basis and are often more inclined to cash out, while ecosystem-related distributions tend to be more spread out.
3) Market absorption: An unlock doesn’t mean everything will be sold immediately; it also depends on whether the market can absorb the supply.
Anyone who knows more care to weigh in?
#AGT
To assess the impact of an unlock, there are three main things to look at:
1) Size: The percentage isn’t small, so it’s worth paying attention to.
2) Who receives it: This unlock is for the ecosystem community and early investors. Generally speaking, teams and early investors have a low cost basis and are often more inclined to cash out, while ecosystem-related distributions tend to be more spread out.
3) Market absorption: An unlock doesn’t mean everything will be sold immediately; it also depends on whether the market can absorb the supply.
Anyone who knows more care to weigh in?
#AGT