Can Cosmos’ latest announcement trigger an ATOM sell-off? Evidence suggests…

ambcrypto.com:

Cosmos’ ATOM concluded another bearish week. However, the network recently made another announcement that might change ATOM’s demand dynamics in the next few days.

Here’s AMBCrypto’s price prediction for Cosmos (ATOM) for 2022-2023

Cosmos revealed plans for changes to its ATOM delegation policy. According to the announcement, all ATOM holders that have delegated their coins will have to unbond them. The process was scheduled to commence on 15 October and is expected to take a few days in the week ahead.

This was because the unbonding process will be carried out in batches.

As part of our ATOM Delegations Policy, we discussed the need to unbond all our currently delegated ATOMs.

This process will be starting in the next 24 hours.

Undelegations will take place in batches, and may take a few days to complete.

— Interchain Foundation (@interchain_io) October 13, 2022

One of the biggest concerns regarding the revised delegation strategy was that it might lead to an ATOM selloff. The Interchain Foundation released a new delegation policy that will allow validators to re-bond their ATOM. It noted that the amount delegated by validators will be different from the previous policy. The policy also noted,

“The number of ATOMs to be delegated to each validator will be different from past delegations and redelegating would greatly complicate operations.”

Validators will be allowed to charge a commission of not less than 0% and not more than 10%. This meant that ATOM holders will still be able to stake their coins. ATOM’s price was relatively stable in the last three days with notably low activity. This outcome might reflect the uncertainty regarding the new delegation policy and