Crypto Expert Warns Against Shorting Large Token Unlocks

According to BlockBeats, on September 24, crypto Key Opinion Leader (KOL) Sisyphus expressed concerns about shorting large-scale, publicly known token unlocks. Sisyphus highlighted that teams could decide to relock tokens at the last minute, as previously seen with dydx. He advised against this strategy, noting that while prices may decline in the long term, teams have numerous methods to manipulate prices in the short term through the cryptocurrency market. Top trader Eugene Ng Ah Sio responded to Sisyphus's comments, stating that if one is bearish on token unlocks, it is best to avoid them. Conversely, if one is bullish, there are various strategies to consider. This exchange underscores the complexities and potential risks involved in trading around token unlock events in the cryptocurrency market.