Cliff vesting in $BR isn't just a schedule — it's a series of concentrated supply shocks baked into the design. With allocations spanning Community Incentives, Founding Team, and Seed investors all releasing in bulk through 2027, each unlock date carries real dilution weight. Only ~21% of supply is currently circulating, meaning the market is pricing a token that's largely still locked. That gap between circulating and fully diluted valuation deserves more attention than it typically gets. Track upcoming unlock dates and the receiving wallets before making any sizing decisions.

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