Before looking at fund flows, first understand the rules. This time, let’s talk about how to interpret token unlock events.
Who receives the unlocked tokens matters: teams, early investors, ecosystem incentive programs, and community airdrops usually have different willingness to sell.
When a major unlock is approaching, holders of the token should think through their positions in advance rather than making a rushed decision at the time.
$ARB saw its first unlock of team and investor allocations in March 2024.