DoubleZero to unlock 1.65 billion 2Z tokens on October 2
- —1.65 billion 2Z tokens to be unlocked, 16.55% of the 10 billion supply
- —Jump Crypto gets 575 million 2Z, Malbec Labs 350 million, team 250 million
- —Institutions allocated 300 million, contributors 100 million, developers 50 million 2Z
- —2Z dropped 13% in 24 hours to $0.0554, 92% below its $0.75 peak
Why it matters: The 16.55% supply unlock could intensify selling pressure on 2Z, given large allocations to venture funds and the project team.
Source: Bitcoin Sistemi