Scroll's Governance Token Launch Falls Short of Expectations Due to Token Allocation Issues
Scroll's SCR token has experienced a 32% drop in just over 24 hours since its launch. The network's total value locked has also decreased by 24% in the past week, as investors express frustration over token supply. The top 10 airdrop recipients received 11.7% of the total drop. However, the launch of layer-2 network Scroll's governance token has failed to meet expectations due to token allocation issues, despite more than a year of anticipation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NDV co-founder Christian plans to participate in Sotheby's Cattelan banana auction
GSR Markets’ top three holdings on the Solana chain are JTO, RENDER, and TNSR
Su Zhu: Long on ETH and SOL
Trader Misses Out on Potential $1 Million in Profits by Selling MemesAI Tokens Too Early at a Loss