OPG has unlocked again.
On June 21, 9.13 million OPG hit the market, valued at about $1.62 million. Last month at the same time, another 9.13 million was unlocked, back then worth $2.4 million. Every 21st of the month, like clockwork.
This isn't a black swan event; it’s part of the 'fixed program' outlined in the token distribution schedule.
With a total supply of 1 billion tokens, currently 190 million are in circulation, giving a circulation rate of only 19%. The remaining 800 million are locked in contracts, to be gradually released as planned. The ecosystem fund holds 40% of the total, with only 10% unlocked at TGE, the remaining 60% will be released slowly over 60 months; the foundation has 15%, locked for 48 months; core contributors and investors are locked for 12 months, then will linearly unlock over 36 months. @OpenGradient
Market cap is around $32 million, with an FDV of approximately $180 million. That's more than a fivefold difference. With 190 million holding the price, will it stand when the 800 million flood in? #OPG
More hidden is the staking rewards. Out of the total supply of 1 billion, 10%—that’s 100 million—has been earmarked for staking rewards, released linearly over 96 months. Every staking reward you receive corresponds to an additional circulating token added to the market. This isn't 'making money'; it's 'getting a share of newly minted tokens'. $OPG
The story of 'verifiable AI' is sexy, but the wave of 800 million tokens is very real. I'm not saying OPG will definitely crash, but this unlocking structure combined with the current market liquidity means there’s a time bomb to defuse every month. Are you diving in to catch the bottom, or are you grabbing a falling knife?
On June 21, 9.13 million OPG hit the market, valued at about $1.62 million. Last month at the same time, another 9.13 million was unlocked, back then worth $2.4 million. Every 21st of the month, like clockwork.
This isn't a black swan event; it’s part of the 'fixed program' outlined in the token distribution schedule.
With a total supply of 1 billion tokens, currently 190 million are in circulation, giving a circulation rate of only 19%. The remaining 800 million are locked in contracts, to be gradually released as planned. The ecosystem fund holds 40% of the total, with only 10% unlocked at TGE, the remaining 60% will be released slowly over 60 months; the foundation has 15%, locked for 48 months; core contributors and investors are locked for 12 months, then will linearly unlock over 36 months. @OpenGradient
Market cap is around $32 million, with an FDV of approximately $180 million. That's more than a fivefold difference. With 190 million holding the price, will it stand when the 800 million flood in? #OPG
More hidden is the staking rewards. Out of the total supply of 1 billion, 10%—that’s 100 million—has been earmarked for staking rewards, released linearly over 96 months. Every staking reward you receive corresponds to an additional circulating token added to the market. This isn't 'making money'; it's 'getting a share of newly minted tokens'. $OPG
The story of 'verifiable AI' is sexy, but the wave of 800 million tokens is very real. I'm not saying OPG will definitely crash, but this unlocking structure combined with the current market liquidity means there’s a time bomb to defuse every month. Are you diving in to catch the bottom, or are you grabbing a falling knife?