Allora to Unlock 160M ALLO on November 11, Nearly 63% of Circulating Supply
- —160.2 million ALLO unlock, equal to 33% of the 485.5 million locked tokens
- —That is about 63% of the 255 million circulating supply per CoinGecko, up to 80% on other trackers
- —The block is worth roughly $41.5 million at $0.2589 versus $4.1 million in daily volume
- —After the cliff, the remaining 325.3 million ALLO vest linearly over 24 months
Why it matters: The unlock is about ten times Allora's daily turnover, creating sell-pressure risk for a token with a market cap near $66 million.
Source: CryptoTicker