Life, it seems, will fade away
Drifting further every day
Getting lost within myself
Nothing matters, no one else
Metallica – Fade to Black
Briefly about the situation: On January 31, the market will be hit by a wave of 700,000,000
$JUP . This is 10% of the total capitalization of the project. The price is already getting nervous, and here’s why it’s not just a “correction.”
Shock offer: A dump of 10% liquidity at once is a stress test that most altcoins fail. To maintain the price of $0.20, about $141 million needs to be poured into the order books right now, while the trading volume over the last day barely exceeded $54 million. There are no buyers of that volume in sight.
Most of the unlocking is tokens of early participants. At the current price, their profit is measured in multiples. It’s foolish to believe that they won’t hit the “Sell” button when the market gives such an opportunity.
Traders have already started opening shorts, expecting a decline. This creates a “bearish” momentum that may work even before the actual unlock.
#JupiterUnlock #BearishAlert #Solana #CryptoTradingInsights