Unlock day is here, and the token price is already taking a bow with a drop
According to the Tokenomist calendar, Kamino has an unlock scheduled for today
229.17 million KMNO
Announced value of about $9.69 million, equal to 2.73% of the circulating supply
Going to insiders, key stakeholders, and core contributors
The unlock itself isn’t news; the drop is
Finnhub quoted KMNO at around $0.033 this morning, down about 11.4% on the day
It opened near $0.0377
The broader market was already looking rough today. With the unlock landing in a weak market, there’s no need to guess where the selling pressure came from
But viewed the other way, 2.73% isn’t a huge amount
If it were really going to crash, it should have started running in the days after the announcement
Today’s red candle looks more like the unlock being used as an excuse to sell in a weak market
A drop on unlock day doesn’t mean it will keep falling after the unlock
Just my personal opinion; this is not investment advice
#Kamino解锁 $KMNO
According to the Tokenomist calendar, Kamino has an unlock scheduled for today
229.17 million KMNO
Announced value of about $9.69 million, equal to 2.73% of the circulating supply
Going to insiders, key stakeholders, and core contributors
The unlock itself isn’t news; the drop is
Finnhub quoted KMNO at around $0.033 this morning, down about 11.4% on the day
It opened near $0.0377
The broader market was already looking rough today. With the unlock landing in a weak market, there’s no need to guess where the selling pressure came from
But viewed the other way, 2.73% isn’t a huge amount
If it were really going to crash, it should have started running in the days after the announcement
Today’s red candle looks more like the unlock being used as an excuse to sell in a weak market
A drop on unlock day doesn’t mean it will keep falling after the unlock
Just my personal opinion; this is not investment advice
#Kamino解锁 $KMNO
