đ Token Cliff Unlocks: Are You Ready? đš Get ready for some major token unlocks! 64 million $SUI , 8.3 million $DYDX , and 1.87 million $MANTA are about to hit the market. â°đ€Ż
Messari recently dropped some insights that can help you navigate these events. Let's break it down: đ»đ
đ Significant Impact: Token cliff unlocks, especially those involving 5% or more đ of the circulating supply, can have a noticeable negative impact on token performance. đ
đ Timing is everything: The market starts freaking out "A MONTH" before unlocks. đ But the biggest price drops usually happen right around the unlock date. đ
đ It's not always bad: Good news about a project can sometimes offset the negative impact. đȘ
đ Do your research: Before you invest, check out the project's fundamentals. đđȘ
So, what should you do? đ€·
đĄ Stay informed: Keep an eye on the news and announcements.
đĄ Be prepared: The market could get volatile. đą
đĄ Consider your risk tolerance: Decide if the potential rewards outweigh the risks.
Remember đđ Every token unlock is different. DYOR and make smart decisions! đ° Share this post with your friends and let's discuss! đ#Tokenunlock #Altcoins