$LAYER November 11: Unlocks 12.9% of the circulating supply (about $1.45 million).
To assess the impact of an unlock, focus on three things:
1) Size: More than 10% of the circulating supply makes this a major unlock;
2) Recipients: This unlock is for the ecosystem community and foundation. Generally, teams and early investors have a lower cost basis and are more likely to cash out, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sell-off of the entire amount. It also depends on whether the market can absorb it.
What would you do?
#LAYER
To assess the impact of an unlock, focus on three things:
1) Size: More than 10% of the circulating supply makes this a major unlock;
2) Recipients: This unlock is for the ecosystem community and foundation. Generally, teams and early investors have a lower cost basis and are more likely to cash out, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sell-off of the entire amount. It also depends on whether the market can absorb it.
What would you do?
#LAYER