Over 6 month period the circulating supply increasing over 3x. That is A lot
and with this new pivot away from arbitrage to staking, I don't see the APY being high enough in the beginning to incentivize early investors to continue to hold after unlock. If you had likely 200x+ on your hands that you been waiting for years, what would you do?
If it's a long term hold for you then likely doesn't matter but I likely see pump right before mainnet launch (Q4 they say) and then 6 months of selling pressure.
There's better plays one could make elsewhere then buy back in after all the dumping is done
ok I agree overall…I have a large holding as a “starter” just in case it doesn’t play out that way and it runs…but if it doesn’t and we hit a bear and there is a price dump then I’m going IN