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At midnight on November 23, Avail will flood the market with 209 million Tokens, which is approximately 1.71 million dollars at the current price.
This amount is neither too large nor too small—it all depends on where this batch of coins flows. If it is held by the team and early investors, short-term selling pressure is basically unavoidable; if it is used for ecosystem incentives or locked up, then the impact is much more controllable.
The modular blockchain track has been discussed for quite a while, but to be honest, I haven't seen any particularly strong application cases yet. Projects without real income support have valuations that are inherently unstable, and with a sudden increase in supply, prices can easily be driven down.
The market's attitude towards this type of ecological project is relatively calm now, unlike before when it was more about chasing concepts. If the project team can present some actual progress—such as new partners, technological breakthroughs, etc.—it could at least stabilize some confidence.
It depends on whether the Avail team will publicly explain the use of funds this time. If there is higher transparency, the market reaction may not be so intense.
I value transparency, really, there are too many rug pulls these days.
We've talked about modularization for so long but still no killer application, to be honest, it's a bit exhausting.
The modularization line has been talked about for so long but still has no killer app, and the valuation relies entirely on hype. The market has reacted now, and it's not buying into this trap anymore.
Let's see what Avail has to say; being transparent at least can stabilize things a bit, otherwise, it will definitely fall into a pit.
They've been boasting about modularization for so long, yet we still haven't seen any real applications.
If Avail is just another trap for the team to cash out, then I really have to run.
I never touch opaque projects; I've learned too many lessons.