$NOM October 17: 20.6% of the circulating supply (about $1.18 million) unlocks today.
To assess the impact of an unlock, focus on three things:
1) Scale: More than 10% of the circulating supply is a major unlock.
2) Who receives it: This time, it’s the team and early investors. Generally, teams and early investors have a lower cost basis and are more likely to cash out, while ecosystem-related releases tend to be more dispersed.
3) Whether the market can absorb it: An unlock ≠ an immediate sale of everything. It also depends on whether the market can absorb the supply.
If it were you, would you make a move or wait and see?
To assess the impact of an unlock, focus on three things:
1) Scale: More than 10% of the circulating supply is a major unlock.
2) Who receives it: This time, it’s the team and early investors. Generally, teams and early investors have a lower cost basis and are more likely to cash out, while ecosystem-related releases tend to be more dispersed.
3) Whether the market can absorb it: An unlock ≠ an immediate sale of everything. It also depends on whether the market can absorb the supply.
If it were you, would you make a move or wait and see?