Honestly, the coin I watched most closely on today’s biggest losers list wasn’t one of those small caps that got cut in half—it was HUMA. The broader market was only down a point or two, but HUMA slid from around yesterday’s close to 0.019, shedding 20% in a day.
My first instinct wasn’t to look for breaking bad news, but to check the calendar: the first batch of insider tokens unlocks on November 26, just over three weeks away. Tokens allocated to the team, advisors, and early investors will enter circulation. Third-party estimates range from over 300 million to nearly 500 million tokens—in any case, it’s no small amount. The price dropping ahead of time looks a lot like the market is pricing it in early.
Trading volume on Binance spot today was around $6 million—not a huge spike, more of a slow leak. For now, I’m watching to see whether it can hold around 0.019. If it can’t, I’m not keen to get involved before the unlock.
Just my personal take—manage your own positions. Do you think three weeks is enough time for it to keep grinding lower, or has the sell-off already happened early?
$HUMA $BTC $BNB
My first instinct wasn’t to look for breaking bad news, but to check the calendar: the first batch of insider tokens unlocks on November 26, just over three weeks away. Tokens allocated to the team, advisors, and early investors will enter circulation. Third-party estimates range from over 300 million to nearly 500 million tokens—in any case, it’s no small amount. The price dropping ahead of time looks a lot like the market is pricing it in early.
Trading volume on Binance spot today was around $6 million—not a huge spike, more of a slow leak. For now, I’m watching to see whether it can hold around 0.019. If it can’t, I’m not keen to get involved before the unlock.
Just my personal take—manage your own positions. Do you think three weeks is enough time for it to keep grinding lower, or has the sell-off already happened early?
$HUMA $BTC $BNB