$SOSO has an important supply event today.
Approximately 23.46 million SOSO tokens are scheduled to unlock on September 24, equal to roughly 5.97% of the currently released supply.
The allocation is spread across several groups, including core contributors, investors, the ecosystem and airdrop allocation, the foundation and partners.
A token unlock does not automatically mean those tokens will be sold.
What it does mean is that previously restricted supply becomes available according to the project’s vesting schedule, increasing the amount of SOSO that can potentially become liquid.
That distinction is especially important today because $SOSO is also up around 10% over the last 24 hours.
So two opposing forces are present:
Strong short-term market demand.
Additional token supply becoming unlocked.
SoSoValue itself is a crypto research and market-data platform covering areas such as ETF flows, market indicators and on-chain investment products.
For $SOSO , the useful metrics after today’s unlock are exchange inflows, circulating supply, trading volume and whether price can absorb the additional available tokens without a major increase in selling pressure.
Unlock confirmed.
Selling from unlocked holders: not confirmed.
Approximately 23.46 million SOSO tokens are scheduled to unlock on September 24, equal to roughly 5.97% of the currently released supply.
The allocation is spread across several groups, including core contributors, investors, the ecosystem and airdrop allocation, the foundation and partners.
A token unlock does not automatically mean those tokens will be sold.
What it does mean is that previously restricted supply becomes available according to the project’s vesting schedule, increasing the amount of SOSO that can potentially become liquid.
That distinction is especially important today because $SOSO is also up around 10% over the last 24 hours.
So two opposing forces are present:
Strong short-term market demand.
Additional token supply becoming unlocked.
SoSoValue itself is a crypto research and market-data platform covering areas such as ETF flows, market indicators and on-chain investment products.
For $SOSO , the useful metrics after today’s unlock are exchange inflows, circulating supply, trading volume and whether price can absorb the additional available tokens without a major increase in selling pressure.
Unlock confirmed.
Selling from unlocked holders: not confirmed.