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S!G ๐Ÿƒ
@SiGPRMR
Crypto is chaotic, my analysis isnโ€™t | Sleeping less, researching more | Trader & Web3 digger | Cybersecurity expert to be ๐ŸŒฟ
Joined February 2024
903 Following    1.3K Followers
$INJ market cap says $445M The actually tradeable market is a lot smaller : โˆŸ 100M total supply, circulating is already 100M, no vesting cliff left to dump on you โˆŸ Around 57M is staked, and unstaking takes 21 days, that supply cannot react fast โˆŸ 7.17M of it sits in one single treasury, Pineapple Financial, 7.17% of the whole supply โˆŸ That leaves roughly 43M INJ actually liquid, around $190M at today's price โˆŸ $38M traded in the last 24 hours โ†’ Close to a fifth of the real float changes hands every single day โ†’ The liquid market is way smaller than the headline number Thin float cuts both ways, it moves fast up and it moves fast down, keep that in mind
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