🔷 Crypto X-Ray #43: $ALLO - 160 million tokens were released
An AI network where models compete to make predictions. Yesterday, November 11, was the annual cliff.
160.22 million is ~16% of max supply and ~38% of circulating supply (CoinGecko). The “65%” in posts is the share of released supply—a different metric. CMC lists circulating supply at 200.5 million, which puts the share at ~80%.
The recipients are Early Backers (102.47 million) and Core Contributors (57.75 million).
The price is down 10% in the week before the event. High concentration among early holders means there is a risk of selling pressure, but it’s not proof of selling.
The downside: a large cliff. The upside: the token is needed within the network, but passive holders don’t receive a share of revenue.
Thesis: a rebound after the cliff; trigger: price above $0.15 and increased network usage; invalidation: a break below $0.10; target: $0.25 (my estimate); risk: prepared for −35%.
Not for those who dislike volatility.
Will the cliff be absorbed or dumped? 👇
#CryptoRay #allo
An AI network where models compete to make predictions. Yesterday, November 11, was the annual cliff.
160.22 million is ~16% of max supply and ~38% of circulating supply (CoinGecko). The “65%” in posts is the share of released supply—a different metric. CMC lists circulating supply at 200.5 million, which puts the share at ~80%.
The recipients are Early Backers (102.47 million) and Core Contributors (57.75 million).
The price is down 10% in the week before the event. High concentration among early holders means there is a risk of selling pressure, but it’s not proof of selling.
The downside: a large cliff. The upside: the token is needed within the network, but passive holders don’t receive a share of revenue.
Thesis: a rebound after the cliff; trigger: price above $0.15 and increased network usage; invalidation: a break below $0.10; target: $0.25 (my estimate); risk: prepared for −35%.
Not for those who dislike volatility.
Will the cliff be absorbed or dumped? 👇
#CryptoRay #allo
