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PinnacleCrypt
$APT is a good reminder that token unlocks can matter just as much as a project's fundamentals.
It recently had roughly 11.3M tokens, worth around $7M at the time, enter circulation.
The immediate reaction was selling pressure, with it falling around 3.3%.
But I don't think the interesting question is simply:
“Is the unlock bearish?”
The better question is:
“Can market demand absorb the additional supply?”
Token unlocks don't automatically mean a token should fall
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