A total of 150,548,841 $ICP
{future}(ICPUSDT)
coins are currently staked with an 8-year lock-up period.
This represents 27.81% of the total supply (541,681,465 $ICP) — a substantial portion that is completely illiquid and cannot be sold under any circumstances.
Crucially, the dissolve timer that allows these coins to eventually become liquid only starts when the neuron holder manually initiates dissolution (“disturbs” the neuron). Until that happens, these coins remain locked indefinitely.
Given that over 27.8% of the entire supply will stay locked for at least 8 years — and potentially 16+ years (or forever) if dissolve is never started — how can the selling of staking rewards alone have such a dramatic impact on price?!
