$ME November 10: 1.68% of the circulating supply will be unlocked (approximately $513,000).
To assess the impact of the unlock, focus on three things:
1) Scale: The percentage is not high, so the impact should be relatively limited;
2) Recipients: This unlock is for the ecosystem community and early investors. Generally, teams and early investors have lower cost bases and are more likely to cash out, while ecosystem-related releases tend to be more dispersed;
3) Absorption: An unlock ≠ an immediate sell-off of the entire amount. It also depends on whether the market can absorb it.
What are your reasons for being bullish or bearish?
#ME Just my personal take—it may not be accurate, so please consider it rationally.