I crunched the numbers on the circulating supply of OPG and woke up to reality.
The total supply of OPG is 1 billion tokens, with about 190 million in circulation. That's less than one-fifth of the total supply. I stared at that number for half an eternity—what's available on the market is just the tip of the iceberg; over 80% is still submerged, waiting to surface slowly.
I checked its distribution chart. The ecosystem fund took 40%, TGE unlocked 10%, and the remaining 90% will be released linearly over 60 months. The foundation holds 15%, with TGE unlocking one-third, and the rest dribbling out over 48 months. Core contributors got 15%, while investors and advisors snagged 10%, all locked for 12 months plus an additional 36 months of linear release. I calculated three times, and the more I added, the less I wanted to. In the coming years, millions of OPG will flow from the project and early investors to the market every month. Millions of tokens, at the current price, means pressure to sell in the hundreds of thousands of dollars. Hundreds of thousands each month, several million a year. What are you going to do about it? @OpenGradient
On launch day, it shot up to $0.67. I was still on the sidelines, didn’t jump in. Then it slid down all the way, hitting a low of $0.17. On June 16, the price dropped to $0.1618, a 24-hour plunge of 47.21%. Almost half gone in one day. Not in two or three days, not in a week or two, but within 48 hours, your account balance can get cut in half. I checked the community discussions that day; some were saying “buy the dip,” while others were shouting “liquidate,” and it turned into a chaotic mess. I didn’t say a word because I didn’t know what to do either.
Some told me, “The fundamentals are strong, hold long-term.” Backed by a16z, the team is solid, and the tech roadmap is clear. I get all that. But holding long-term means you have to withstand the flood of those 800 million tokens unlocking month by month without getting swept away. Can you hold for a month? Can you hold for a year? Can you last until the last token unlocks? The project team might not even make it. I glanced at my wallet, and I was left with only a third of my balance. I closed the page and went to grab a glass of water. When I came back, I made a decision: I won’t add to my position just yet; I’ll wait for more tokens to unlock from those locked contracts, and for the chip structure to clarify a bit more.
#opg $OPG
The total supply of OPG is 1 billion tokens, with about 190 million in circulation. That's less than one-fifth of the total supply. I stared at that number for half an eternity—what's available on the market is just the tip of the iceberg; over 80% is still submerged, waiting to surface slowly.
I checked its distribution chart. The ecosystem fund took 40%, TGE unlocked 10%, and the remaining 90% will be released linearly over 60 months. The foundation holds 15%, with TGE unlocking one-third, and the rest dribbling out over 48 months. Core contributors got 15%, while investors and advisors snagged 10%, all locked for 12 months plus an additional 36 months of linear release. I calculated three times, and the more I added, the less I wanted to. In the coming years, millions of OPG will flow from the project and early investors to the market every month. Millions of tokens, at the current price, means pressure to sell in the hundreds of thousands of dollars. Hundreds of thousands each month, several million a year. What are you going to do about it? @OpenGradient
On launch day, it shot up to $0.67. I was still on the sidelines, didn’t jump in. Then it slid down all the way, hitting a low of $0.17. On June 16, the price dropped to $0.1618, a 24-hour plunge of 47.21%. Almost half gone in one day. Not in two or three days, not in a week or two, but within 48 hours, your account balance can get cut in half. I checked the community discussions that day; some were saying “buy the dip,” while others were shouting “liquidate,” and it turned into a chaotic mess. I didn’t say a word because I didn’t know what to do either.
Some told me, “The fundamentals are strong, hold long-term.” Backed by a16z, the team is solid, and the tech roadmap is clear. I get all that. But holding long-term means you have to withstand the flood of those 800 million tokens unlocking month by month without getting swept away. Can you hold for a month? Can you hold for a year? Can you last until the last token unlocks? The project team might not even make it. I glanced at my wallet, and I was left with only a third of my balance. I closed the page and went to grab a glass of water. When I came back, I made a decision: I won’t add to my position just yet; I’ll wait for more tokens to unlock from those locked contracts, and for the chip structure to clarify a bit more.
#opg $OPG