i bought it around 3.1

Big move incoming for $LAYER — On May 16, 46 million new tokens will be unlocked—and that could change everything. If you're in this trade, here's what to expect:

Currently, LAYER is priced at ~$2.7 with 210 million tokens in circulation, giving it a $573M market cap. After the unlock, the circulating supply will increase to 256 million. If the price doesn’t drop, market cap jumps to $699M—but history shows that price often dips when new tokens become tradable.

Why? Because unlocks = more supply.

Early investors may take profits, causing short-term sell pressure. Unless there’s enough demand to absorb it, a pullback of 10–25% isn’t unusual. And with just 10 days left, the countdown has already begun.

So if you're trading or investing in #layer —keep your eyes on May 16. What happens then could define the next major move.