New research by analytics firm The Tie shows coins, on average, declined in the lead-up to the event. However, when the liquidity freed up represented more than 100% of the average daily volume, prices quickly recovered, only to fall deeper within two weeks following the unlock. The firm conducted a study of over 350,000 unique unlock events involving more than 100 tokens.
Source: https://www.coindesk.com/markets/2023/07/21/large-crypto-token-unlocks-drive-prices-lower-within-two-weeks-new-research-suggests/?utm_medium=referral&utm_source=rss&utm_campaign=headlines