What happens when 401M new tokens hit a coin that has only released 28% of its supply?
Sign unlocks 401,111,110 $SIGN on Oct 28, about $4.3M at $0.0108, or 12.63% of everything released so far (Tokenomist).
My take: the same 401M tranche already unlocked on Jul 28, and Tokenomist data shows SIGN stayed low-volatility in the 7 days after past unlocks. The unlock itself rarely is the dump, the holders are the question.
Unlock day or holder behavior, which one moves it? 👇
Not financial advice. DYOR.
#crypto #tokenunlocks
Sign unlocks 401,111,110 $SIGN on Oct 28, about $4.3M at $0.0108, or 12.63% of everything released so far (Tokenomist).
My take: the same 401M tranche already unlocked on Jul 28, and Tokenomist data shows SIGN stayed low-volatility in the 7 days after past unlocks. The unlock itself rarely is the dump, the holders are the question.
Unlock day or holder behavior, which one moves it? 👇
Not financial advice. DYOR.
#crypto #tokenunlocks