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@SiGPRMR
Crypto is chaotic, my analysis isn’t | Sleeping less, researching more | Trader & Web3 digger | Cybersecurity expert to be 🌿
加入 February 2024
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$INJ market cap says $445M The actually tradeable market is a lot smaller : ∟ 100M total supply, circulating is already 100M, no vesting cliff left to dump on you ∟ Around 57M is staked, and unstaking takes 21 days, that supply cannot react fast ∟ 7.17M of it sits in one single treasury, Pineapple Financial, 7.17% of the whole supply ∟ That leaves roughly 43M INJ actually liquid, around $190M at today's price ∟ $38M traded in the last 24 hours → Close to a fifth of the real float changes hands every single day → 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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