I do check $PIXEL supply now before I even look at price. I saw 68% is already circulating. I am telling you, that number messes with your brain if you’ve been through a few unlock cycles.
When a token only has 20% floating, every advisor vest feels like a gun to the chart’s head. You wait for the date, watch the wallets, pray. With PIXEL… that fear is different. Most of it is already out. I do math 5B total around 3.3 live and it hits different. I #dock my thoughts there for a sec and let it sit. The boogeyman of “unlock day” doesn’t live here the same way.
I am not saying unlocks don’t matter anymore. I am saying the market’s reaction to them tells a story. When a big unlock happens and price just shrugs… I pay attention. It happened with $PIXEL . No panic. No cascading stops. Just… volume. Normal volume. That’s data. And data beats narratives.
But supply alone is boring. Supply doesn’t make a project. What people do with the token does.