$SD November 4: 1.2% of the circulating supply (approximately $99,000) unlocks today.
To assess the impact of the unlock, focus on three things:
1) Scale: The percentage is not high, so the impact is relatively limited;
2) Recipients: This unlock is for the team and ecosystem community. Generally, teams and early investors have a low cost basis and are more likely to cash out, while ecosystem-related releases tend to be more distributed;
3) Absorption: An unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
Share your take in the comments, and we’ll check back later to see who got it right.
To assess the impact of the unlock, focus on three things:
1) Scale: The percentage is not high, so the impact is relatively limited;
2) Recipients: This unlock is for the team and ecosystem community. Generally, teams and early investors have a low cost basis and are more likely to cash out, while ecosystem-related releases tend to be more distributed;
3) Absorption: An unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb the supply.
Share your take in the comments, and we’ll check back later to see who got it right.