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
Sky, formerly Maker, launches USDS stablecoin on Solana
BIS study questions decentralization in DeFi liquidity provision
Shiba Inu whale holds 10% of SHIB supply, up 250,000x to $2.5B
Arkham Intel to launch a spot trading platform in the United States
Crypto analytics firm Arkham Intel intends to launch a spot trading platform in the United States, subject to jurisdiction.The platform marks the firm’s latest move into the crypto trading space in recent months.