JCT faces a major unlock of 1.18 billion tokens tomorrow, 11/10! Janction ($JCT ) has pulled back from yesterday’s $0.010!
The asset to watch most closely today ahead of a major unlock! Janction (JCT) is up 10.95% over the rolling window today, trading at $0.009193, but is showing signs of weakness at these elevated levels compared with yesterday’s price of $0.01000.
Major unlock and funding-rate warnings:
1. Major sell-off risk from tomorrow’s unlock: Tomorrow (November 10), 1.18 billion tokens will be unlocked (2.35% of the total supply, worth over $13 million), creating significant selling pressure from the sharp increase in new supply;
2. Extreme funding rates remain elevated: Perpetual contract funding rates remain stubbornly high.
Conclusion: The slight uptick is supported by exorbitant funding rates ahead of the unlock. $0.00500 was the key bull-bear dividing line a few days ago. With a surge in new supply on unlock day, absolutely do not hold positions overnight. Reduce your position in stages and exit decisively into strength!
#JCT #Janction
$JCT
The asset to watch most closely today ahead of a major unlock! Janction (JCT) is up 10.95% over the rolling window today, trading at $0.009193, but is showing signs of weakness at these elevated levels compared with yesterday’s price of $0.01000.
Major unlock and funding-rate warnings:
1. Major sell-off risk from tomorrow’s unlock: Tomorrow (November 10), 1.18 billion tokens will be unlocked (2.35% of the total supply, worth over $13 million), creating significant selling pressure from the sharp increase in new supply;
2. Extreme funding rates remain elevated: Perpetual contract funding rates remain stubbornly high.
Conclusion: The slight uptick is supported by exorbitant funding rates ahead of the unlock. $0.00500 was the key bull-bear dividing line a few days ago. With a surge in new supply on unlock day, absolutely do not hold positions overnight. Reduce your position in stages and exit decisively into strength!
#JCT #Janction
$JCT