How should you interpret a token unlock?
Before and after an unlock, on-chain records often show large amounts of tokens moving from team-related addresses to exchanges. These records can be used as one point of reference.
Early investors' cost basis is often far below the price after listing, so even if the price has fallen considerably, they may still have unrealized gains on these holdings.
$ARB saw its first unlock of team and investor allocations in March 2024.
Before and after an unlock, on-chain records often show large amounts of tokens moving from team-related addresses to exchanges. These records can be used as one point of reference.
Early investors' cost basis is often far below the price after listing, so even if the price has fallen considerably, they may still have unrealized gains on these holdings.
$ARB saw its first unlock of team and investor allocations in March 2024.
