One tracker says today's $STO unlock is 9.48% of supply. The same tracker says 2.14%. Both are right, and that is why I'm not taking either at face value.
DefiLlama clocks a 21.35 million STO cliff today, November 2, at 07:11 UTC, valued near $643,000. The 9.48% divides by 225.33 million circulating; the 2.14% by the 1 billion maximum. The same page says 45.76% is unlocked, about 457.6 million, so the tranche is also 4.7% of unlocked supply. StakeStone's documentation gives a yearly chart, not a November 2 stamp, so the day is the tracker's reconstruction.
My lines, from the 4-hour chart: near $0.030 after sliding from around $0.035 in late October, $0.0320 capping rebounds, $0.0295 the floor. Invalidation is a 4-hour close under $0.0295. What keeps me uneasy: an unlock is not a sale, and a thin token can move hard on a fraction of this tranche reaching the market.
I'll be checking the published vesting wallets, not just the countdown: if nothing moves today, does the unlock story fade, or does $0.0295 matter more?
Not financial advice. DYOR.
$STO #StakeStone #DeFi #TokenUnlock #Staking
DefiLlama clocks a 21.35 million STO cliff today, November 2, at 07:11 UTC, valued near $643,000. The 9.48% divides by 225.33 million circulating; the 2.14% by the 1 billion maximum. The same page says 45.76% is unlocked, about 457.6 million, so the tranche is also 4.7% of unlocked supply. StakeStone's documentation gives a yearly chart, not a November 2 stamp, so the day is the tracker's reconstruction.
My lines, from the 4-hour chart: near $0.030 after sliding from around $0.035 in late October, $0.0320 capping rebounds, $0.0295 the floor. Invalidation is a 4-hour close under $0.0295. What keeps me uneasy: an unlock is not a sale, and a thin token can move hard on a fraction of this tranche reaching the market.
I'll be checking the published vesting wallets, not just the countdown: if nothing moves today, does the unlock story fade, or does $0.0295 matter more?
Not financial advice. DYOR.
$STO #StakeStone #DeFi #TokenUnlock #Staking
