🚨 BABYDOGE Big Move: $2.4 Million Token Unlock, Flowing into Binance! 🐕💸
On-chain data shows that BABYDOGE is still in an 'unreleased' state, with the current circulation ratio at 79.33%. Recently, UNCX Network unlocked $2.42 million worth of BABYDOGE tokens, which have all been deposited into Binance!🔓📉
💡 Latest Data Highlights:
In November, a total of $12.02 million worth of BABYDOGE has been unlocked, all flowing into exchanges, increasing market supply! There are still 9.55% of tokens remaining to be unlocked in the contract, which means that more supply may enter the market in the future, potentially affecting short-term price fluctuations.
📉 Potential Impact:
Increased supply may bring short-term price pressure, especially with a large influx of tokens into exchanges. For investors, closely monitoring the unlocking progress of the remaining tokens is crucial, as this could be an important factor in determining market trends.
⚠️ Need to be cautious:
As more tokens are unlocked, the short-term imbalance of supply and demand in the market may lead to a price decline. Investors should analyze rationally and avoid blindly chasing prices.
📈 My View:
Although there may be price fluctuations in the short term, BABYDOGE, being a cryptocurrency with high community engagement and popularity, still has potential. The key lies in how to seize the timing of supply release.
🔍 Continue to monitor market dynamics! 📉🚀
