Algorand Unlocks 50 Million ALGO Tokens

[AkameXKurome]

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?

let have disccus regarding this news
 

Full Article : https://airdrop-ash.xyz/blog/algorand-unlocks-50-million-algo-tokens-sell-off-incoming

[jacafbiz]

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?

let have disccus regarding this news
 

Full Article : https://airdrop-ash.xyz/blog/algorand-unlocks-50-million-algo-tokens-sell-off-incoming

The project Algorand is a good one but I think they ot their tokenomics wrong, dumping their tokens one the market when their price is about to get into a bull run is a very bad idea. I just hope the dump will end soon or may be the community should decide on it, burning of the tokens will be a good idea

[AliMan]

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?

let have disccus regarding this news
 

Full Article : https://airdrop-ash.xyz/blog/algorand-unlocks-50-million-algo-tokens-sell-off-incoming

The project Algorand is a good one but I think they ot their tokenomics wrong, dumping their tokens one the market when their price is about to get into a bull run is a very bad idea. I just hope the dump will end soon or may be the community should decide on it, burning of the tokens will be a good idea

Let's say it's a good idea for now, but we don't know what will be the reality of this thing yet. The market bearish trend has no significant development eversince it was starting to fall down and until now I never see signs of recovery. ALGO coin has been normally affected by declined value of the top bitcoin, so we should consider latest changes as part of its progress.

[JeffBrad12]

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?

let have disccus regarding this news
 

Full Article : https://airdrop-ash.xyz/blog/algorand-unlocks-50-million-algo-tokens-sell-off-incoming

The project Algorand is a good one but I think they ot their tokenomics wrong, dumping their tokens one the market when their price is about to get into a bull run is a very bad idea. I just hope the dump will end soon or may be the community should decide on it, burning of the tokens will be a good idea

Too much annual yield that already offered on its staking and this pre mined coin will make the market of algorand even worse caused by the dump.
https://coinmarketcap.com/currencies/algorand/
The dump has already started and the team will be slowly liquidating all of their algorand. They know they get their tokens for free and they will dump it for money. This is a very bad thing to see so many teams from POS coins are intend to dumping their coins.

[bgaf]

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.