$SOMI Yesterday, 24.63 million SOMI tokens were distributed as an airdrop. If all recipients had sold their tokens immediately at the price of $0.90 at that time (just an assumption) here’s what would have happened:
- Additional funds entering the market: ≈ $22.17 million
- Percentage of market cap at that time: ≈ 13.3%
- Potential new price after full sell-off: ≈ $0.794 (down from $0.90)
The point here is that even if all tokens were sold (which would have added 13% more supply to the market), the market absorbed it and the value is still holding.
Also mean : theoretically, the price now was supposed to be $0.90 up from 0.67 just 2 days earlier.
So overall - somi is not doing bad in October giving the airdrops - but of course we want better and better.
- Additional funds entering the market: ≈ $22.17 million
- Percentage of market cap at that time: ≈ 13.3%
- Potential new price after full sell-off: ≈ $0.794 (down from $0.90)
The point here is that even if all tokens were sold (which would have added 13% more supply to the market), the market absorbed it and the value is still holding.
Also mean : theoretically, the price now was supposed to be $0.90 up from 0.67 just 2 days earlier.
So overall - somi is not doing bad in October giving the airdrops - but of course we want better and better.
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SOMI
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+5.58%