Extended released XTEN tokenomics, and all the shill accounts are posting “community eating good” and “30% airdrop full unlock bullish.” My takeaway after reading it: this setup is very friendly to the project, but if you’re farming airdrops, maybe hold off on popping the champagne.
The 30% airdrop is fully unlocked on TGE day. In plain English, that means nearly all the circulating supply on day one will be in the hands of airdrop farmers. The official figures say TGE unlocks are about 32.9%, with a maximum free float of 30%. A bunch of people who’ve been farming volume for over a year and are waiting to break even all get fully unlocked tokens at the same time. Who do you think will be selling on the first candle? XTEN was already trading around 0.268 pre-market on Hyperliquid, which works out to an FDV of about $268 million based on a total supply of 1 billion—down roughly 18% from its listing-day high (as @liwikruk pointed out). The token hasn’t even launched, and it’s already taken a hit.
“Team and investors have zero unlocks for 12 months” is being praised as generous, but 500 million tokens—a full half of the supply—are waiting to unlock a year from now. Being locked up now doesn’t mean they won’t be sold; it just means they’ll be sold later.
Two more interesting details that the shill accounts basically never mention:
A small account, @who0ami1, dug through the docs and said that around 17.38 million of the 300 million airdrop tokens came from points earned by X10 Ltd, the entity that operates Extended’s own exchange and provided liquidity for its own platform from December 2024 to April 2026. The project’s own market maker gets a share of the community airdrop pool—is that what they call community? I can’t independently verify this, but the team should come out and explain it.
And Spanish-language account @concodefi complained that EU users couldn’t buy or sell XTEN spot when it launched, with the team saying it was due to MiCA. You farmed for a year, finally got your tokens, and can’t sell them—that’s a real lockup.
I’m not saying Extended’s product is bad. The team came from Revolut, and the project has real revenue. But the “full unlock = bullish” narrative is basically dressing up sell pressure as a perk. If you get an airdrop, work out your costs for yourself. Don’t expect the people spamming your feed to be there to catch your bags.
#Extended #XTEN #Airdrop