DoubleZero to unlock up to 1.66B 2Z tokens on October 2
- —Unlock of 1.625–1.66 billion 2Z is scheduled for October 2 at 09:00 KST
- —That is 16.3–16.55% of the 10 billion max supply and 46.4–47.7% of circulating supply
- —Recipients include Jump Crypto with 575M, Malbec Labs with 350M, institutions with 300M and the team with 250M
- —2Z market cap rose from $194.05M on September 25 to $204.08M on September 26
Why it matters: The unlock could nearly double sellable supply and pressure 2Z, though the real impact depends on whether recipients move tokens to exchanges.
Source: TokenPost