$OPN November 3: 5.67% of the circulating supply (about $456,000) will be unlocked.
To assess the impact of the unlock, focus on three things:
1) Size: The share is significant enough to warrant attention;
2) Recipients: This time, it’s the foundation. Generally, teams and early investors have a lower cost basis and are more likely to realize gains, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ everything being sold immediately; it also depends on whether the market can absorb the supply.
How do you interpret these figures?
#OPN