$ALT October 26 unlocks 3.26% of the circulating supply (approximately $1.61 million), tomorrow.
To assess the impact of an unlock, focus on three things:
1) Size: medium-sized;
2) Recipients: this time, the team, early investors, and the foundation. Generally, the team and early investors have a low cost basis and are more likely to cash out, while ecosystem-related releases tend to be more dispersed;
3) Absorption: an unlock ≠ everything being sold immediately. It also depends on whether the market can absorb it.
Which signal do you trust more?
#ALT
To assess the impact of an unlock, focus on three things:
1) Size: medium-sized;
2) Recipients: this time, the team, early investors, and the foundation. Generally, the team and early investors have a low cost basis and are more likely to cash out, while ecosystem-related releases tend to be more dispersed;
3) Absorption: an unlock ≠ everything being sold immediately. It also depends on whether the market can absorb it.
Which signal do you trust more?
#ALT