Uniswap’s four-year UNI vesting schedule has ended.
The DEX vested 40% of the minted tokens for four years.
UNI surged nearly 5%, contrary to popular expectations.
The four-year vesting schedule for Uniswap’s UNI token has concluded, releasing all remaining tokens reserved since its 2020 launch. Crypto analysts are closely watching to see how this final unlock will affect the cryptocurrency’s price.
During its 2020 launch, Uniswap distributed 60% of the one billion minted tokens to community members. The remaining 40% was allocated to team members, investors, and advisors based on a four-year vesting plan.
Read also: CFTC Cracks Down on DeFi: Uniswap Fined for Leveraged Token Trading
Although the vesting period officially ended in September, Uniswap has implemented a 2% annual inflation rate to maintain network participation. Despite this, analysts believe the release of the remaining vested tokens could significantly impact UNI’s short-term price.
Potential Price Pressure from Token Unlocks
Typically, crypto holders sell vested tokens shortly after unlocking, capitalizing on the price appreciation during the vesting period. While this generates…
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