I would like to know your opinion regarding the future of SOL.
What do you think the future of SOL will be?
Are there any new projects worth reading about?
How big problem do you think dumping by ex-FTX members/SBF is?
I would like to know your opinion regarding the future of SOL.
What do you think the future of SOL will be?
Are there any new projects worth reading about?
How big problem do you think dumping by ex-FTX members/SBF is?
Wrong. Most of SOL tokens are still locked and 600000+ SOL is being unlocked every month as we speak.
https://docs.google.com/spreadsheets/d/13nUTrm59lUjOiQPbtXD44JW0KLm-OXmZLMURzZeu888/edit#gid=0
If you check on-chain they have been selling now. It is a surprise that the price went up instead but whether this is sustainable or not I don’t know.
So you are telling they already being selling whatever was unlocked, and the rest will take 7 years to unlock iin a monthly basis? I don’t see how is much different.
The number on unlocked monthly new SOL isn’t very high compared to the daily volume of SOL. and more importantly, Solana is still undervalued when compared to the fundamentals.
Actually the number of unlocked Solana isn’t very different to the selling pressure of Bitcoin miners
Long term, VCs would have sold everything.
The majority of it is to be unlocked. Your statement made it like it’s all resolved so I corrected it.
Also supply and demand dynamics is difficult thing to predict. And you’re making lots of hypotheses there.