Algorand Unlocks 50 Million ALGO from total supply! what do you think regard this news?
is this unlock will caused the dump happend on ALGO coin?
We cant know yet. But there is a tendency to dump like what happened on xrp as they unlock those tokens from their escrow wallet. I like ALGO, and news like this could also be a positive which depends on the community feedback. Dumping is a general term but the downtrend of the market could also affect the price not just by this news.