Back to collectionThe Team Locks Its Share Again; the Investor Unlock Remains
On the eve of the July 9 unlock, conflicting sell-off estimates were still circulating in the group; the highest rumor put the unlock proportion at 79%. The official announcement first said that reports claiming 79% and similar figures were wrong, then listed this month's unlocks: about 72.3 million tokens for investors, 17.7 million for the team, 4.2 million for advisers, 5.2 million for DAC, and 8.5 million for the foundation, or about 107.9 million in total. Some in the group applauded the team's voluntary extension; others pointed out that the investor allocation, about 72.3 million tokens, remained the largest and would be released as scheduled.
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On the eve of the July 9 unlock, conflicting sell-off estimates were still circulating in the group; the highest rumor put the unlock proportion at 79%. Node operators such as the Night Watchman needed to know the release schedule, while holders such as Sisyphus wanted to know how many tokens would enter circulation.
The official announcement first said that reports claiming 79% and similar figures were wrong, then listed this month's unlocks: about 72.3 million tokens for investors, 17.7 million for the team, 4.2 million for advisers, 5.2 million for DAC, and 8.5 million for the foundation, or about 107.9 million in total. Against a circulating supply of roughly 300 million at the time, that was an increase of about 36%; once released, those tokens would make up about 26% of the new circulating supply. Total supply was 1.473 billion tokens. Nontransferable esXAI was excluded from circulation. The announcement also explained why the team's July figure had fallen from about 85 million to 17.7 million: before the unlock, contributors had voluntarily signed to lock their July allocation again for six months and release it in stages. No law compelled them to do so. Every allocation would be released daily, as in every month, rather than all at once on a single day.
Some in the group applauded the team's voluntary extension; others pointed out that the investor allocation, about 72.3 million tokens, remained the largest and would be released as scheduled. The Night Watchman liked the extension, seeing more substance in it than in price cheerleading. Sisyphus finally had figures he could check, but still had to face actual selling pressure. The correction dispelled the image of a one-day dump; it could not answer who would sell or who would buy.