1.2 Bn Hedera Tokens Set To Unlock, HBAR Price Drop Ahead?
2.54 % Of Supply To Be Unlocked According to the data published by Token Unlock, the network will unlock 2.547% of its total supply on June 1, which is equal to precisely 1,273,353,491 HBARs. Moreover, the Hedera Distribution Report — which is compiled and distributed on a quarterly basis — outlines that the unlock distribution will include 533M HBARs for purchase agreements, 403M HBARs for ecosystem & open source development and the remaining 335M HBARs for network governance & related operations. advertisement At the time of writing, Hedera ’s total circulating supply currently stands at about 31 billion which is approximately 62% of its max supply of 50 billion. However, it’s to be noted that, following this unlock, subsequent token release events will not be nearly as significant and will only result in minor additions to the available token supply. Read More: Cardano’s Technical Director Denies Rumor Of 1 Million TPS, H...