๐ Token Cliff Unlocks: Are You Ready? ๐จ 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. โฐ๐คฏ
Messari recently dropped some insights that can help you navigate these events. Let's break it down: ๐ป๐
๐ Significant Impact: Token cliff unlocks, especially those involving 5% or more ๐ of the circulating supply, can have a noticeable negative impact on token performance. ๐
๐ Timing is everything: The market starts freaking out "A MONTH" before unlocks. ๐ But the biggest price drops usually happen right around the unlock date. ๐
๐ It's not always bad: Good news about a project can sometimes offset the negative impact. ๐ช
๐ Do your research: Before you invest, check out the project's fundamentals. ๐๐ช
So, what should you do? ๐คท
๐ก Stay informed: Keep an eye on the news and announcements.
๐ก Be prepared: The market could get volatile. ๐ข
๐ก Consider your risk tolerance: Decide if the potential rewards outweigh the risks.
Remember ๐๐ Every token unlock is different. DYOR and make smart decisions! ๐ฐ Share this post with your friends and let's discuss! ๐#Tokenunlock #Altcoins