AGT’s 164 million token unlock didn’t trigger a sell-off—instead, it surged 4x in two days! The truth behind Alaya ($AGT ) being held at $0.08
Alaya Governance Token (AGT) has staged another explosive rally, jumping 95.14% in a single day to $0.080321 (up from $0.039 yesterday)!
Here’s what the market action shows:
1. An unusual unlock: 164 million tokens (around 5% of the circulating supply) were unlocked and entered the market yesterday, yet there was no selling pressure at all. Instead, buying momentum drove prices sharply higher for two consecutive days. There has still been no official announcement of a protocol upgrade or product news today.
2. The next unlock: The next token unlock is scheduled for November 13 (around 27 million tokens). Liquidity is extremely thin, so while buyers can push prices higher for two consecutive days, those gains could also be wiped out in a single day.
Conclusion: Use the $0.0400 closing price range from yesterday as the bulls’ ultimate bull-bear line. A break below it would signal that this round of speculative buying has run its course.
#AGT #Alaya #TokenUnlock #Altcoins #游资炒作
$AGT
Alaya Governance Token (AGT) has staged another explosive rally, jumping 95.14% in a single day to $0.080321 (up from $0.039 yesterday)!
Here’s what the market action shows:
1. An unusual unlock: 164 million tokens (around 5% of the circulating supply) were unlocked and entered the market yesterday, yet there was no selling pressure at all. Instead, buying momentum drove prices sharply higher for two consecutive days. There has still been no official announcement of a protocol upgrade or product news today.
2. The next unlock: The next token unlock is scheduled for November 13 (around 27 million tokens). Liquidity is extremely thin, so while buyers can push prices higher for two consecutive days, those gains could also be wiped out in a single day.
Conclusion: Use the $0.0400 closing price range from yesterday as the bulls’ ultimate bull-bear line. A break below it would signal that this round of speculative buying has run its course.
#AGT #Alaya #TokenUnlock #Altcoins #游资炒作
$AGT