Many traders are curious whether the upcoming token unlock for $SUI is something to be worried about.
Personally, I believe token unlocks for developers and project funds aren't necessarily cause for concern. With a stash of tokens already in their possession, they are incentivized to actively seek ways to "sell the product!" – essentially, marketing and promotion.
The best marketing approach for a reputable project like this is to let the price action speak for itself. As the price rises, liquidity increases, especially with the OTC market seeing significant development.
This scenario isn't unique to $SUI; other altcoins backed by VCs and market makers will likely follow a similar pattern. $OP serves as a prime example: after its unlock, it underwent an accumulation phase for about two months before hitting its all-time high!
This might resonate most with those who have been in the industry for a while and have built numerous relationships!
I've witnessed many skilled traders who excel at finding promising coins and identifying trends but still struggle to achieve substantial results with their trading approach!
Then, when the market turns against them, and they start losing on subsequent trades, they have to start over from scratch!
Most of the big winners in crypto tend to adopt a conservative approach, buying only a few tokens when they're cheap and selling when they're high, without overly trading!
So, it's best for most of us retail traders to opt for a strategy of buying at low price levels, despite the common misconception that cryptocurrencies are scams!
Think like the whales: accumulate slowly and sell slowly – avoid selling everything at once, because if you sell everything and the market continues to rise for another 3-5 months, you're likely to get back in at the top!
And if you've been selling gradually, by the time you reach half to one-third of your target, you can already start taking profits and securing your initial investment!
