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A well-known protocol finally launched its TGE on January 30th, bringing an end to the community’s 13-month anticipation.
From the unlocking data, the selling pressure is indeed not negligible. The Treasury directly unlocked 16.20%, which is a significant portion; the activity incentives have up to 10% fully unlocked; the new issuance quota is fully unlocked at 5%; and there was also a previous incentive plan with 4.76% fully unlocked. Roughly speaking, at least 14% of the token supply is held by retail investors, and all of it is fully unlocked liquidity.
What does this mean? There may be considerable selling pressure at the initial opening. The subsequent price performance will largely depend on the market’s buying support and the progress of ecosystem development.
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How strong does the dump need to be to be saved?
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A bunch of retail investors holding liquidity, on the day of opening, it might be bloodshed.
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Wait, 14% fully unlocked? How is this data calculated? Feels off.
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The treasury releases 16% all at once? Is this testing the market's bottom line?
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Remember to observe with no position on the opening day, don't enter the market and seek death.
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Honestly, it still depends on whether someone is actually using this protocol, otherwise all the good news are useless.
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Full unlock of incentives + full unlock of treasury, this design is really brilliant.
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Could it be that they still expect ecosystem development to hold up? LOL.
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With so much liquidity in retail hands, where are the bagholders?
After 13 months of waiting, we finally get such a big gift package. How many people are going to cut losses?
Treasury's 16.2% is even more incredible; this guy really dares to unlock