RAIN under pressure: 431 billion tokens are still locked in vesting

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.RAIN fell 11.4 percent to $0.00760 without a single piece of news behind it. What counts are 431.6 billion locked tokens and a daily volume that reaches only 0.36 percent of market capitalisation.RAIN fell 11.4 percent on Monday to $0.00760. No single piece of news sits behind the move. What is weighing on the price is the structure of the supply: of 1,142.4 billion tokens in total, 431.6 billion are still locked, while trading turns over only $19.5 million a day. Against a market capitalisation of $5.40 billion, that means 0.36 percent changes hands per day. For investors, that is the real information here. An eleven percent drop on a Monday evening is nothing unusual for a token of this size. A supply with more than a third still waiting to be released, and a market that on paper could not absorb that supply for months, does change the conditions under which you buy, hold or sell. Every figure in this article is from Monday evening and can be traced at CoinGecko and CoinMarket...