I finished translating the complete financing agreement for the follow-on round in October 2025 after @SignOfficial , and through on-chain address tracking, I discovered a fatal selling pressure that has been completely overlooked by the entire market—everyone is focused on the unlock tide for the team and early investors in August 2026, but no one has noticed the unlock rules of the leading investor, YZi Labs (a fund under CZ), which are completely different from market perception.
The market generally believes that all institutional shares have a 12-month lockup, and the first unlock will occur in August. However, the financing agreement clearly states that YZi Labs' $25.5 million follow-on investment, 50% has a 6-month lockup and will enter the unlock period in April 2026, while the remaining 50% will unlock simultaneously with other institutions. Through on-chain address association tracking, I found that YZi Labs' two associated wallets have already transferred a total of 120 million tokens to Binance in the past two weeks, $SIGN , accounting for 10% of the current circulating supply. This is also the core reason why the recent positive news has not been able to push the token price beyond the $0.07 mark. $BTC
Based on the current price, YZi Labs still has nearly 300 million SIGN tokens remaining that are not unlocked, and the subsequent selling pressure far exceeds market expectations. I am now only focusing on two core signals: first, whether YZi Labs' associated addresses will continue to show large outflows, and second, whether the official will jointly announce an extension of the lockup period with the leading investors. After all, no matter how grand the narrative, it cannot withstand the continuous dumping by leading institutions. I say this to remind myself. #BTC
