Is token unlocking bad news?
The so-called unlocking means the expansion of chip distribution.
There are generally several ways.
PoW, take BTC as an example.
ICO, take the opening of ETH as an example;
PoS, take ETH 21 years later as an example.
Institutional investment, take SOL as an example.
Fair launch, take ORDI as an example.
Airdrops, such as ARB, STRK, W, and last night's Omni Net
Rules:
Omni community users (I didn't participate)
Eigen pledge top 10000 (?? A bit outrageous)
ETH beacon chain independent stakers (basically nothing to do with us newcomers)
Milady, Remilio, Penguin, INJ Ninja NFT holders (a small number of big guys)
Also EtherFi, Monad, Berachain and EigenLayer project parties are free to dispose (can only wait and see if there is any chance in this part)
Looked at it and basically no hope, the next one...
In addition to this PoW, there are also PoS airdrops, such as TNSR, Blast, Eigen... and gradually become the mainstream of the new round, especially many DeFi protocols like this, so as not to mine, withdraw and sell market making costs too high.
Finally, fair launch, but although BTC NFT has become popular again recently, there are not many opportunities.
For example, last night, the gorilla seemed to get $2-4k for free, but the white single round was full...It's hard to be a fair launch.
Since retail investors are not given the opportunity to participate, the current trading volume is generally easy to understand... Who will take over?
Remember, everything is a chip exchange.
The distribution method determines the structure, and the structure determines the trend.
So unlocking does not necessarily mean a decline, it depends on who is unlocked.
All for retail investors? No, such as W and ARB.
Unless it is a strong dealer such as Jup and Wld, otherwise you will be crushed to death.
All for the main force? No, such as the current ETH, the main structure is single and stagnant.
ENA is quite good this time. It was not crushed by the early chips at the opening, and it continued to release news to introduce the token economy to cooperate with the pull-up, which makes you slap your thighs, fierce.