guys I pulled the $VELVET holder map and the number that stopped me immediately is right at the top
46.84% of the entire supply — 471.66M tokens worth $806M — is sitting inside a Sablier Lockup contract
Sablier is a token vesting protocol, meaning that supply is locked and streaming out over time on a preset schedule — it is not free to sell today but it is gradually unlocking continuously
then below that, two Gnosis Safe multisigs hold another 15.92% and 10.65% — so the top three addresses alone control over 73% of total supply
the exchange presence here is interesting too — Bitget cold wallet holds 2.02% and Gate holds 1.75% — that is real exchange inventory sitting ready for trading
here is what I actually want to know before forming any view on $VELVET — what is the Sablier unlock schedule, how fast is that 471M streaming out, and who receives it when it does
a vesting contract at 46.84% is not automatically bearish — if it is a long multi-year stream the sell pressure is gradual and manageable, but if large chunks are unlocking soon that changes the picture completely
the holder map tells me the structure, it does not tell me the timing — and with vesting contracts the timing is everything
do you check vesting schedules before entering a coin or does the chart tell you enough 👀
$RAVE
46.84% of the entire supply — 471.66M tokens worth $806M — is sitting inside a Sablier Lockup contract
Sablier is a token vesting protocol, meaning that supply is locked and streaming out over time on a preset schedule — it is not free to sell today but it is gradually unlocking continuously
then below that, two Gnosis Safe multisigs hold another 15.92% and 10.65% — so the top three addresses alone control over 73% of total supply
the exchange presence here is interesting too — Bitget cold wallet holds 2.02% and Gate holds 1.75% — that is real exchange inventory sitting ready for trading
here is what I actually want to know before forming any view on $VELVET — what is the Sablier unlock schedule, how fast is that 471M streaming out, and who receives it when it does
a vesting contract at 46.84% is not automatically bearish — if it is a long multi-year stream the sell pressure is gradual and manageable, but if large chunks are unlocking soon that changes the picture completely
the holder map tells me the structure, it does not tell me the timing — and with vesting contracts the timing is everything
do you check vesting schedules before entering a coin or does the chart tell you enough 👀
$RAVE