I finished scanning the full unlock calendar for $OPG , and all I can think is that the risk in the tokenomics is really well hidden. On June 21, about 9.13 million OPG will be unlocked; this part isn't from the team or investors, but rather the monthly linear release from the ecosystem pool. Investors and advisors have a 10% share that is locked in a complete cliff for 12 months, set to unlock in April 2027. However, the project cleverly timed the large monthly unlock right around the launch of Upbit on June 15, which will attract new retail funds to absorb this outflow of tokens. The timeline seems particularly intentional.
#opg has a fixed total supply of 1 billion tokens, with only 190 million currently in circulation. The token distribution structure appears to have a solid long-term constraint: core contributors at 15%, investors and advisors at 10%, all locked for 12 months, then linearly released over 36 months. But the real continuous sell pressure is never from VC tokens a year later.
40% for the ecosystem and 15% for the foundation have been unlocking monthly since TGE, with continuous outflows over the next four to five years. This 9.13 million is just an appetizer for the long-term supply pressure. There's also 10% allocated for staking rewards, set to be released monthly over 96 months. Although no new tokens will be minted, we’ll see an ongoing supply hitting the market for up to eight years, continuously diluting the buying pressure.
One easily overlooked early selling pressure comes from the 4% airdrop tokens that were fully unlocked at TGE; we’ve already seen concentrated sell-offs early on. The majority of users who received the airdrop won’t hold long-term, just cashing out for profit. Now, with the ecological monthly unlocks added and Upbit providing new trading depth, who’s going to pick up the slack? The answer is pretty clear.
Everyone in the market is hyping the AI verifiable computing narrative backed by a16z and Coinbase, but hardly anyone is mapping out the entire unlock cycle. On one hand, we have continuous monthly outflows from the ecosystem and foundation tokens, and on the other hand, an uninterrupted eight-year supply of staking rewards. The pressure from the supply side will only keep ramping up. @OpenGradient
Retail staking and locking are tightening the circulating supply to support the price, while various internal shares are flowing out monthly without constraint. No matter how shiny the AI infrastructure story looks, it can't withstand the long-term imbalance of token supply. I will keep tracking the on-chain flow of tokens that move to exchanges after unlocks; the endless outflow of existing tokens means that even the most appealing narrative won’t hold back the continuous selling pressure.
#opg has a fixed total supply of 1 billion tokens, with only 190 million currently in circulation. The token distribution structure appears to have a solid long-term constraint: core contributors at 15%, investors and advisors at 10%, all locked for 12 months, then linearly released over 36 months. But the real continuous sell pressure is never from VC tokens a year later.
40% for the ecosystem and 15% for the foundation have been unlocking monthly since TGE, with continuous outflows over the next four to five years. This 9.13 million is just an appetizer for the long-term supply pressure. There's also 10% allocated for staking rewards, set to be released monthly over 96 months. Although no new tokens will be minted, we’ll see an ongoing supply hitting the market for up to eight years, continuously diluting the buying pressure.
One easily overlooked early selling pressure comes from the 4% airdrop tokens that were fully unlocked at TGE; we’ve already seen concentrated sell-offs early on. The majority of users who received the airdrop won’t hold long-term, just cashing out for profit. Now, with the ecological monthly unlocks added and Upbit providing new trading depth, who’s going to pick up the slack? The answer is pretty clear.
Everyone in the market is hyping the AI verifiable computing narrative backed by a16z and Coinbase, but hardly anyone is mapping out the entire unlock cycle. On one hand, we have continuous monthly outflows from the ecosystem and foundation tokens, and on the other hand, an uninterrupted eight-year supply of staking rewards. The pressure from the supply side will only keep ramping up. @OpenGradient
Retail staking and locking are tightening the circulating supply to support the price, while various internal shares are flowing out monthly without constraint. No matter how shiny the AI infrastructure story looks, it can't withstand the long-term imbalance of token supply. I will keep tracking the on-chain flow of tokens that move to exchanges after unlocks; the endless outflow of existing tokens means that even the most appealing narrative won’t hold back the continuous selling pressure.