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#SPK Why do I generally avoid those coins that are still being unlocked in large amounts???
Many people know that once the coin is unlocked, it means that early investors or teams can sell the coin, but the unlocking itself does not necessarily trigger a crash immediately. The problem is that no one can determine whether they will pump first and then dump, or directly cash out at a high point. Unless you can judge it very accurately, it's easy to get trapped.
First, many coins awaiting unlocking, such as ARB, OP, DYDX, WLD, etc., often experience sudden drops in price as the unlocking date approaches, especially when the prices are high. This is because early participants in the project are usually unwilling to wait; everyone fears missing the chance to sell at a good price, so they rush to offload, leading to a natural inability of the coin price to hold up.
Second, unless the project team and shareholders can align their steps, such as setting price targets and gradually releasing supply in a planned manner, it can still be considered a "healthy unlock". For example, SUI did this by first driving up the price and then gradually exiting. Although there will still be significant drops later, at least the pace can be controlled, so that people won't be completely deprived of the opportunity to exit.
Thirdly, to summarize, many coins that are still being unlocked on a large scale are less reliable than those that have already been fully unlocked and have more stable supply and demand; old coins are no longer popular and may not have advantages; those that truly perform well are often public chains or new projects with themes, consensus, and a solid foundation. This can also be seen from market performance, where the mainstream coins in the Top 50 (excluding stablecoins) have generally outperformed most coins.