Hello Anon,
Stargate Finance will start unlocking the Team, Investors and Launch Auctions allocation the 18th March
UNLOCK OVERVIEW
Unlock structure will be linear
4% of total supply per month until August 2023, which is quite significant (40m tokens and $40mln potential selling pressure)
1% of total supply per month until March 2025
As a reminder, seed / private sale price is unknown but the IDO price was $0.3
Investors would likely obtained tokens at lower prices, therefore they are up significantly given current price is around $1 (>3x)
Source: STG website
SUPPLY DISTRIBUTION
Team and investors hold 35% of supply
Community 28%
Top holders of STG
Distribution on CEXs is 4.5%
DEXs 3.7%
Staking pools 1.1%
Distribution on CEX, DEX and Staking Pools
Smart money balances have been stable over time in the last few months
Smart money movements
ONCHAIN ACTIVITY
Below the most interesting onchain movements on Stargate happened in the last few days. Whales are not selling, most of the transactions are sizable buys (just one exception). Seems smart money is not expecting a dump
1) Whale accumulating big
Source: Etherscan
2) Wallet who profited a lot in the past on STG trades is buying again
Source: Etherscan
Source: Dune
3) Whale with $1.8mln worth of STG increased his position
On 27th February an STG millionaire with $1.8m worth of STG increased its position with a $500k buy
Seems he has high conviction
Bought the dip on 5th Feb and he is up more than 50% on the investment
Source: Etherscan
Source: Nansen
4) Fresh wallet bought $500k worth of STG
On 24th February, a fresh wallet with no other holdings bought $500k worth of STG from Coinbase
Source: Etherscan
5) Fresh wallet bought $500k worth of STG in 3 buys
From 24th February to 27th February, a fresh wallet accumulated $500k worth of STG
Source: Etherscan
6) Wallet selling after significant profit
5 days ago, wallet 0x94c94c sold on Coinbase all his $STG holding for $1.4mln
He bough at $0.36 and sold $1.12, with a 3.1x return and $1mln profit
Not sure if he is preparing for unlock or just taking profit
Source: Etherscan
You can see he bought big very early and profited when price went 3x
Source: Nansen
