NAM passes through up to four steps on its way to a sale: staked, unlocked, bridged and sold. Every step is public, which is why each one can be watched before it reaches the market.
Staked NAM is locked with a validator: it earns new NAM but cannot be sold or moved.
Asking to unstake starts a wait set by the chain in epochs, its accounting periods. When the wait ends the NAM is unlocked: spendable, and free to be moved.
NAM can only be sold on Osmosis, so it has to be bridged there first. A crossing usually comes before a sale, which is why this site tracks NAM that crossed and has not yet been sold or sent back.
On Osmosis, NAM is sold into small pools, so the size of an order moves the price it gets. The Trade page quotes any size against the pools as they are now.
Three figures describe a trade before it happens: how much money the pools hold, how far an order of a given size moves the price, and how much NAM is already waiting on Osmosis. None of them is a forecast, and nothing on this site is investment advice.
NamadaTrade reports public on-chain and exchange data. It is not investment advice and is not affiliated with Namada or the Anoma Foundation.