Stable is heading into an unlock that is large compared with its supply.
Per CoinDesk's weekly calendar, about 3.3% of $STABLE supply, worth roughly $24 million, unlocks on October 8. The token is up about 4.2% over 24 hours to near $0.0282, per CoinGecko, with around $9.8 million in daily volume.
In my view that last figure is the key one. An unlock worth more than double the daily volume could be hard to absorb if recipients sell quickly. If they hold, the event may pass without much drama.
đŹ Do you track unlock size against daily volume before trading a token?
#Tokenomics
Per CoinDesk's weekly calendar, about 3.3% of $STABLE supply, worth roughly $24 million, unlocks on October 8. The token is up about 4.2% over 24 hours to near $0.0282, per CoinGecko, with around $9.8 million in daily volume.
In my view that last figure is the key one. An unlock worth more than double the daily volume could be hard to absorb if recipients sell quickly. If they hold, the event may pass without much drama.
đŹ Do you track unlock size against daily volume before trading a token?
#Tokenomics