This week (May 12-17): There is one piece of data everyone needs to pay attention to—token unlocks for 41 projects, totaling $91.73 million.

But 90% of retail investors' focus points are wrong. Let's look at three typical comparisons, ranked by "unlock amount / circulating market cap": AVAX on May 12th unlocks $17M, with a market cap of $4.41B → proportion 0.4%, almost negligible. ARB on May 16th unlocks $13.36M, with a market cap of $885M → proportion 1.5%, little pressure. CONX on May 15th unlocks $17.95M, with a market cap of $30M → proportion 60%!
Retail investors panicking over AVAX’s $17M, but not reacting to CONX’s $17.95M—because the absolute amounts are close.
A message for everyone: The unlock calendar shows the "amount / circulating market cap" ratio, not the amount itself. AVAX is like a hair falling off an elephant, CONX is like clearing out half a pool at once. Smart money has already priced in the unlock of coins like CONX with tiny market caps; retail investors are just caught in the wave of sell-offs after unlocks that push prices to the floor.
Next time, don’t be scared by absolute amounts—use a calculator to check the market cap ratio, and you’ll be on the same page as the whales.