Cronos unlocks 1.17 billion CRO from Strategic Reserve
- —Unlock size: 1.17 billion CRO, equal to 2.33% of circulating supply
- —Tranche valued at $69.5–73 million depending on the data provider
- —CRO's daily turnover is about $6.2 million, so the release is 11–12x that
- —CRO trades near $0.0572, down 8.3% on the week and 93.6% below its peak
Why it matters: CRO's thin liquidity means the reserve's payout pace, not the unlock itself, will determine any selling pressure.
Source: CryptoTicker