I've been watching $XPL into today's unlock — one number frames it: 227.8 million tokens.
Today, October 25: ~227.8M XPL unlocks, about 5.0% of circulating supply. The split is the story — 88.9M to ecosystem and growth, 69.4M to the team, 69.4M to investors — with team and investor slices starting 24 monthly tranches, not another cliff.
Most unlock panic skips this: the ecosystem slice already drips monthly. The genuinely new pressure is the team and investor slices, their first monthly release after the cliff. Fear aimed at the headline number is aimed at the wrong slice.
The tape is heavy. $XPL sits at $0.0737, down 5.5% in 24 hours on $5.4 million of spot volume, down from its $0.0885 twelve-day high. Thin tape moves fast on small flows.
My watchlist: support $0.0707, today's low — a 4-hour close under it breaks the low. Resistance $0.0779, the 24-hour high. For me, it stays heavy until $0.0779 reclaims.
Are you watching this unlock as a buyer, a holder, or staying out until the tape settles?
NFA. DYOR.
$XPL #Altcoins #Plasma #TokenUnlock #CryptoTrading
Today, October 25: ~227.8M XPL unlocks, about 5.0% of circulating supply. The split is the story — 88.9M to ecosystem and growth, 69.4M to the team, 69.4M to investors — with team and investor slices starting 24 monthly tranches, not another cliff.
Most unlock panic skips this: the ecosystem slice already drips monthly. The genuinely new pressure is the team and investor slices, their first monthly release after the cliff. Fear aimed at the headline number is aimed at the wrong slice.
The tape is heavy. $XPL sits at $0.0737, down 5.5% in 24 hours on $5.4 million of spot volume, down from its $0.0885 twelve-day high. Thin tape moves fast on small flows.
My watchlist: support $0.0707, today's low — a 4-hour close under it breaks the low. Resistance $0.0779, the 24-hour high. For me, it stays heavy until $0.0779 reclaims.
Are you watching this unlock as a buyer, a holder, or staying out until the tape settles?
NFA. DYOR.
$XPL #Altcoins #Plasma #TokenUnlock #CryptoTrading