$B2 October 29: 7.64% of the circulating supply (about $1.39 million) will be unlocked tomorrow.
To assess the impact of an unlock, focus on three things:
1) Size: The percentage isn’t small, so it’s worth paying attention to.
2) Who’s receiving it: This time, it’s the foundation, early investors, and the ecosystem community. Generally, teams and early investors have a lower cost basis and are more likely to cash out, while ecosystem-related unlocks tend to be more dispersed.
3) Market absorption: An unlock ≠ an immediate sell-off of everything. It also depends on whether the market can absorb it.
Which signal will you trust?
#B2