Why is the engine of this round of bull market so sluggish recently, even cats and dogs can surpass it in growth? Is the ETH killer really just talk?
This has to start with the token unlocking. Sol is the token of the last round. The circulation has reached 90%. The last wave of token unlocking is about to begin. The Sol bought by investment institutions at 0.04u can finally be sold. Even the banker will not want these institutions to sell at a high price. The sluggishness during this period is certain.
According to the official unlocking report issued by Sol, 16,889,084 Sols will be unlocked in January-June next year. Calculated at the price of 186, the selling pressure is about 3 billion US dollars.
I hope everyone can speculate in cryptocurrencies rationally. The unlocking of tokens in the crypto circle is similar to the reduction of holdings by shareholders of A-shares, which are all unacceptable tricks. I hope that my brothers who follow me will always make money.
