MYX Tomorrow has a large amount of tokens unlocking, approximately 39M tokens will be unlocked.
Currently, 13.38% has been unlocked, and 3.9% will be unlocked tomorrow. This price rise is to warm up for the token unlock, creating liquidity, and attracting a large number of retail investors to buy in due to 'FOMO' (Fear of Missing Out) sentiment. These retail investors who chase the price up become the perfect 'bag holders' for VC when they sell their tokens, providing liquidity for VCs to exit smoothly with real money.
At the same time, the strong buying pressure created by driving up the price can effectively absorb the tokens sold by the unlocking party, preventing the price from plummeting due to the unlock and avoiding triggering panic and a 'death spiral' in the community.
Understanding the situation of token unlocks in advance allows one to seize operational opportunities, making a prudent play by positioning for a long. There is also a high-risk strategy, which is to short lightly when the price is driven up to its peak and signs of stagnation appear, aiming to profit from the pullback after the unlock. This is the most advanced and also the riskiest operation.
The above content is purely my analysis and does not constitute any advice. If you have different opinions, feel free to leave your thoughts in the comments section for discussion.
