📢 Exciting Insights on 1INCH Token Unlocks & Price Drops!
🔒 In 8 hours, 249.807M 1INCH ($93.4M) will be unlocked (16.654% total supply). Let's explore the historical data and key points:
1️⃣ Price dropped 52% within a week after 1st unlock (01/12/2021) from $4.23 to $2. Sell-off likely played a role.
2️⃣ 2nd unlock (02/06/2022) saw a 45% drop in 2 weeks ($0.95 to $0.52), compounded by the UST/LUNA crash.
3️⃣ 3rd unlock (05/12/2022) led to a 25% drop in 2 weeks ($0.50 to $0.37). Selling pressure likely involved.
4️⃣ Upcoming 4th unlock (02/06/2023) remains uncertain. What will happen to the price this time?
👥 Notable investors:
One investor sold immediately after unlocking.
Wallet addresses 0x4942b20750163675DDf004476FFE46626652dfD0 & 0x23360d94C13C1508bDA63BeB5A404b9e2E3f62b5 haven't sold any tokens after 3 unlocks.
💰 Seed & Series A investors hold 19.5% of total supply (~$2.8M seed round, $12M series A) at an average cost of ~$0.05 per token.
💸 Series B investors raised $175M at $1.5 token sale price. With current price at $0.375, potential losses of 75% loom.
⚡️ Takeaways:
Token unlocks affect #1INCH price.
External events like UST/LUNA crash compound price drops.
Sell-offs contribute to downward pressure.
Seed & Series A investors may gain 7.5x, while Series B investors face potential losses.
Stay informed!
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