A well-known protocol finally launched its TGE on January 30th, bringing an end to the community’s 13-month anticipation.

From the unlocking data, the selling pressure is indeed not negligible. The Treasury directly unlocked 16.20%, which is a significant portion; the activity incentives have up to 10% fully unlocked; the new issuance quota is fully unlocked at 5%; and there was also a previous incentive plan with 4.76% fully unlocked. Roughly speaking, at least 14% of the token supply is held by retail investors, and all of it is fully unlocked liquidity.

What does this mean? There may be considerable selling pressure at the initial opening. The subsequent price performance will largely depend on the market’s buying support and the progress of ecosystem development.