$XPL just absorbed one of the nastiest supply events on the calendar: roughly 1.76B tokens became transferable on Sept. 25, about 63.2% of the previously circulating supply.
That number looks brutal. But an unlock is not the same thing as 1.76B tokens being dumped on the market.
That distinction is the trade here.
$XPL is now around the $0.08 area on #Binance , so I’m watching what happens after the headline: do unlocked tokens actually move toward exchanges, and can buyers absorb that extra float?
For me, this is not a “buy the unlock” setup. I’d rather see the market
prove that the new supply can be absorbed before treating weakness as an opportunity.
The unlock happened yesterday. The real test starts now.
That number looks brutal. But an unlock is not the same thing as 1.76B tokens being dumped on the market.
That distinction is the trade here.
$XPL is now around the $0.08 area on #Binance , so I’m watching what happens after the headline: do unlocked tokens actually move toward exchanges, and can buyers absorb that extra float?
For me, this is not a “buy the unlock” setup. I’d rather see the market
prove that the new supply can be absorbed before treating weakness as an opportunity.
The unlock happened yesterday. The real test starts now.
