The project's token API was disabled, and the release volume significantly dropped to 2.1 million tokens the next day. However, combined with the 4.85 million tokens from the first day, there is still a selling pressure of 3.76 million U on the market. The real problem lies ahead—the 7-day unlocking period is like a ticking time bomb, and January 22nd is the true showdown. During this calm period, the funding rates for users engaging in short positions and hedging have already become tight, and resisting it is basically burning money. Whether the market can absorb this wave of releases is the upcoming test.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
5
Repost
Share
Comment
0/400
RamenDeFiSurvivor
· 11h ago
Wait, the selling pressure of 3.76 million U hasn't fully released yet? This ticking time bomb won't explode until the 22nd. The short sellers, facing tight rates, probably can't sit still now.
View OriginalReply0
PumpStrategist
· 12h ago
It seems that the pace of this de-stressing wave is changing, but the selling pressure of 3.76 million U is still there. January 22nd is indeed interesting. The chip distribution shows that the problem is not in the release volume itself, but whether those who resist hard can withstand the funding rate.
View OriginalReply0
JustHodlIt
· 12h ago
3.76 million U is pressing down, waiting to see who will give in first
View OriginalReply0
ContractCollector
· 12h ago
3.76 million U pressure is huge. How many bagholders would be needed on January 22 to hold it?
View OriginalReply0
TheShibaWhisperer
· 12h ago
The selling pressure of 3.76 million USDT is still hanging over our heads. January 22nd is really going to see some blood, huh?
The project's token API was disabled, and the release volume significantly dropped to 2.1 million tokens the next day. However, combined with the 4.85 million tokens from the first day, there is still a selling pressure of 3.76 million U on the market. The real problem lies ahead—the 7-day unlocking period is like a ticking time bomb, and January 22nd is the true showdown. During this calm period, the funding rates for users engaging in short positions and hedging have already become tight, and resisting it is basically burning money. Whether the market can absorb this wave of releases is the upcoming test.