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This coin has over 37% of its initial unlock on the first day. It depends on when the exchange will start spot trading. With a 4 billion fdv project, having over a billion in dumping without a lock-up position right from the start, I can't help but feel that it's just a pure money grab.
Additionally, 18% is allocated for private sales exclusive to institutions. ( has been fully allocated ). I believe this is all from the project team itself, so now that they are pushing it up, they can also profit from it.
To summarize, it's really hard to say before spot trading on the exchange: damn, because the project party itself doesn't lock up too many chips, they pull it up and they are arbitraging themselves, but this coin will eventually drop, and it will be a big drop.