DoubleZero's 12-month vesting cliff expires, unlocking 1.78B tokens ($113M, 34.8% of supply) with significant sell-pressure risk.
Ecosystem ·
DoubleZero's vesting schedule reached a key milestone on October 2 when a 12-month cliff expired, releasing 1.78 billion $2Z tokens worth approximately $113 million. The newly circulating tokens represent 34.78% of the project's supply, making this the largest unlock event across the Solana ecosystem for the month. Early token recipients, including Jump Crypto and Malbec Labs, now hold unlocked positions and face a decision point on whether to exit positions, creating potential downward price pressure.
Token release events of this scale introduce material liquidation risk if significant holders choose to sell. The timing and concentration—roughly one-third of supply entering the market at once—heightens the risk calculus for existing investors. Market participants typically track vesting calendars as an early warning mechanism for such supply shocks, particularly when institutional or early-stage stakeholders hold large positions.
What remains unclear is the actual selling behavior of major holders in the weeks following October 2. While the unlock itself is certain, the realized impact on price depends entirely on whether recipients choose to hold, gradually exit, or sell immediately. Secondary factors such as broader market conditions and competing unlocks in other Solana projects during October could influence the aggregate effect on $2Z.