So $IRYS is entering an unlock day after the market already showed how thin the price structure is.
At the latest #CoinMarketCap snapshot, IRYS was near $0.043, down 43.7% in 24 hours and 86.3% below its October 23 all-time high. Its $468.8M daily volume was more than four times its $110.1M market cap.
Tokenomics.com lists 77.6M $IRYS for release on October 25-0.8% of total supply and about 2.8% of current market cap.
The important detail: this release goes to community and foundation allocations, not team or investor cliffs. So “unlock = guaranteed dump” is too simple.
The real test is absorption. If spot demand holds after new supply arrives and derivatives cool, price may stabilize. If rebounds remain futures-led while spot depth stays thin, volatility is still the trade, not direction.
At the latest #CoinMarketCap snapshot, IRYS was near $0.043, down 43.7% in 24 hours and 86.3% below its October 23 all-time high. Its $468.8M daily volume was more than four times its $110.1M market cap.
Tokenomics.com lists 77.6M $IRYS for release on October 25-0.8% of total supply and about 2.8% of current market cap.
The important detail: this release goes to community and foundation allocations, not team or investor cliffs. So “unlock = guaranteed dump” is too simple.
The real test is absorption. If spot demand holds after new supply arrives and derivatives cool, price may stabilize. If rebounds remain futures-led while spot depth stays thin, volatility is still the trade, not direction.
