$APR October 23 unlocks 53.9% of the circulating supply (approximately $3.93 million).
To assess the impact of the unlock, there are three main things to consider:
1) Scale: More than 10% of the circulating supply makes this a major unlock;
2) Recipients: This unlock is for early investors, the team, and the ecosystem community. Generally, team members and early investors have a lower cost basis and are more likely to take profits, while ecosystem tokens are released more gradually;
3) Absorption: Unlocking ≠ selling everything immediately. It also depends on whether the market can absorb the supply.
How would you respond?
To assess the impact of the unlock, there are three main things to consider:
1) Scale: More than 10% of the circulating supply makes this a major unlock;
2) Recipients: This unlock is for early investors, the team, and the ecosystem community. Generally, team members and early investors have a lower cost basis and are more likely to take profits, while ecosystem tokens are released more gradually;
3) Absorption: Unlocking ≠ selling everything immediately. It also depends on whether the market can absorb the supply.
How would you respond?