Is this week's biggest unlock about to outrun its own buyback plan?
~1.17B $CRO (~$71M, 2.33% of unlocked supply) unlocks tomorrow, Oct 17, from the Cronos Strategic Reserve, this week's largest single release per Tokenomist. Two weeks ago the community voted to burn 228M CRO and fund buybacks from product revenue. The unlock is about 5x that burn.
It's a scheduled monthly emission, so some is priced in. Still, ~$71M of fresh supply vs ~$9M daily spot volume is a real supply wall: watch whether the reserve holds or distributes.
Bullish discipline or bearish dilution?
Not financial advice. DYOR.
#crypto #altcoins #TokenUnlocks
~1.17B $CRO (~$71M, 2.33% of unlocked supply) unlocks tomorrow, Oct 17, from the Cronos Strategic Reserve, this week's largest single release per Tokenomist. Two weeks ago the community voted to burn 228M CRO and fund buybacks from product revenue. The unlock is about 5x that burn.
It's a scheduled monthly emission, so some is priced in. Still, ~$71M of fresh supply vs ~$9M daily spot volume is a real supply wall: watch whether the reserve holds or distributes.
Bullish discipline or bearish dilution?
Not financial advice. DYOR.
#crypto #altcoins #TokenUnlocks