Today is PIEVERSE’s unlock day, and the loudest estimate from the various tracking sites is $180 million. In my November 10 post, I said I’d check back today—and the price didn’t fall; $PIEVERSE it actually went up.

There’s a reason it didn’t crash. This wasn’t a one-time dump at all: the one-year lockups for the team and investors expired, and linear vesting has only just begun. The project team still hasn’t announced how much will be released in the first tranche. Estimates from tracking sites range from tens of millions to $180 million—a difference of several times over—so take the scary figures with a grain of salt.

Early investors got their tokens at just a few cents each, and the current price is 25 times higher—the paper profits are right there. Not selling today doesn’t mean they won’t sell later. Linear vesting is a slow drip, and the real test will come over the next few weeks: will the tokens trickle out gradually or hit the market all at once?

My view is that the bulls won the first round, but don't take the fact that it didn't drop today as proof that the unlock is no problem. I'll check back on November 21 to see whether the price holds after a week of linear vesting.

#解锁 #Pieverse