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CHEEL Token is about to be unlocked, and in 7 days there will be 2.67 million for dumping.
According to the current price, it's about 1.39 million USD, which will be credited on December 3rd at 8 AM (Beijing time).
The amount doesn't look scary? But the circulating supply of this project is not large, with such a volume of selling pressure coming in, the short-term trend will most likely shake three times.
A few points to keep an eye on:
Who is being unlocked? The team or early VCs? This determines the intensity of selling pressure.
After unlocking, if there is any activity on the chain, it becomes dangerous when the wallet address starts to transfer.
Currently, the overall market sentiment is weak, and the reaction to such events will be amplified.
Small-cap coin markets are inherently sensitive, and one must be even more cautious when it comes to unlocking windows. It’s advisable to mark such news in advance and then decide on operations based on market reactions at that time.
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If the VC dumps, I'm outta here, I can still gamble on the team.
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With the market being this bad, reactions will definitely be amplified, small coins can't bear it.
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Have to see who holds those 2.67 million coins, if they really move the Wallet, it’s over.
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Mark it in advance, at 8 AM on December 3rd, don’t fall asleep, or you’ll open your eyes to a bloodbath.
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With such a small circulating supply, daring to lock so much, the project party is quite bold.
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Wow, 1.39 million USD, compared to the circulating supply, that’s a ticking time bomb.
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If there’s movement on-chain, you need to withdraw immediately, don’t wait to be the last dumb buyer.