LIVEWARNING!
Something most people dont pay attention to especially with NEW ALT coins.
Case Study - AEVO
As you will see the price of AEVO is down 12% today and most new or uniformed people dont know why(i dont hold or have any link to this project)
If you use FREELY AVAILABLE sites you will see that AEVO has nearly $1 billion in unlocks,emmisions in the next 7 days and only has a circulating supply of 12% , this is a prime candidate for a crypto dump and early VC or whales to have token unlocks and put huge sell pressure on the market, the amount being released based on market cap and circ supply will have a huge impact on price and this is when early VC investors and whales make money off short term and leveraged traders.
If you want to trade on low circulating supply projects,short term, you need to make sure you use tools anyone can find to see when large token unlocks are happening and also news related to these projects.
If you are a long term holder then obviously this will have less impact but is still good to know if you see your portfolio is down and dont know why.
Dont trust most youtube channels or X posts promoting new projects as most of these people are either early investors or also have no idea how unlocks and circulating supply effect the price(or they do and want to promote the project before their tokens unlock to increase price), it takes a lot of time and energy to be informed in Crypto these days and while there are many good people posting there are far more looking for you to be their liquidity.
I am still new to posting so i dont want to include the sites i use and be seen to be promoting sites or adding links but there are many free and reliable sites that offer this information.
Be smart, dont trade high leverage.
*Update may 16th* Aevo is down 22% because of cliff unlocks while most of crypto is up,I hope I saved you all some money and a like and follow is all I ask, help me share my education it’s all I want.