According to BlockBeats, on September 24, top trader Eugene Ng Ah Sio posted on social media that few people understand that for protocols that they like or are optimistic about, every unlocking is a bullish opportunity.

He believes that these unlocks are just opportunities for participants with strong conviction to hoard more tokens. Problems only arise when the tokens are worthless or perceived to be worthless.

Unfortunately, this is the case for 95% of existing protocols. For many altcoins that have seen a 80-90% drop in price since launch, he believes their valuations are gradually approaching fair levels.