$STO Jan 2: 9.48% of the circulating supply (approximately $667,000) unlocks tomorrow.
To assess the impact of the unlock, focus on three things:
1) Size: The percentage is significant and worth paying attention to;
2) Recipients: This unlock is for early investors, the foundation, and the team. Generally, teams and early investors have a lower cost basis and are more likely to take profits, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
How do you interpret this information?
Do your own research before making a move.
To assess the impact of the unlock, focus on three things:
1) Size: The percentage is significant and worth paying attention to;
2) Recipients: This unlock is for early investors, the foundation, and the team. Generally, teams and early investors have a lower cost basis and are more likely to take profits, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
How do you interpret this information?
Do your own research before making a move.