On November 1, Falcon Finance will unlock 203.1 million FF tokens at once, worth about $19.1 million and representing 6.1% of the circulating supply.
This unlock accounts for a share of the 10 billion total tokens. About 3.343 billion are currently in circulation, so the one-day increase in supply is equivalent to a sudden 6.1% jump in the circulating supply. I think the key question isn’t the number itself, but whether these tokens are held or sold after unlocking. That will directly determine how much selling pressure we see over the next few days.
Do you think the market will absorb the unlocked FF first, or will a wave of selling pressure hit first?
Follow me, and when there’s new on-chain data on where the unlocked tokens are going, I’ll be the first to break it down for you.
$FF
This unlock accounts for a share of the 10 billion total tokens. About 3.343 billion are currently in circulation, so the one-day increase in supply is equivalent to a sudden 6.1% jump in the circulating supply. I think the key question isn’t the number itself, but whether these tokens are held or sold after unlocking. That will directly determine how much selling pressure we see over the next few days.
Do you think the market will absorb the unlocked FF first, or will a wave of selling pressure hit first?
Follow me, and when there’s new on-chain data on where the unlocked tokens are going, I’ll be the first to break it down for you.
$FF
