Markets· ★★· bearish·

Polkadot at $1.006: a year of DOT issuance equals a fifth of one trading day

  • —DOT at $1.006: down 3.3% on the day, 11.9% on the week, 68.2% on the year
  • —Fifth straight losing session; the price has shed 9.5% since October 23
  • —Annual issuance of ~25.7 million DOT (~$25.9 million) vs $126.7 million daily turnover
  • —Market cap of $1.72 billion, ranking 57th among crypto assets
Why it matters: The 2.1 billion DOT supply cap only bites over years, not weeks, so near-term selling pressure still dominates price action.
Source: CryptoTicker