Cronos to unlock 1.17B CRO on Nov. 16 as price tests $0.055–$0.056
- —CRO trades near $0.05609, down 3.69% on the day
- —CoinGecko shows 1.17 billion CRO scheduled for unlock on Nov. 16
- —About 1.2 billion CRO was already unlocked from the strategic reserve on Oct. 17
- —228 million CRO burned in 30 days, but overlap with the community pool burn is unconfirmed
Why it matters: A large unlock could add selling pressure on CRO if recipients choose to offload tokens.
Source: TokenPost