Filecoin Nears End of Six-Year Vesting, Removing 68 Million FIL in Annual Releases
- Published
- Updated
Filecoin is nearing the end of its six-year vesting schedule, and the annual amount entering circulation is set to drop sharply from the current vesting-and-reward pace. One market snapshot also showed FIL rising 11.10% to $1.20 in the 24 hours ending Oct. 10.
Key claims & sources
What it means
Holders and traders watching FIL now have a clear supply shift to factor in, because the vesting schedule is nearing its end and the pace of annual additions is set to be much lower. That change is visible today in the circulation profile, while storage-provider rewards still continue.
Market reaction i
Filecoin fell 2.2% in the 4 hours after the first headline, after a flat 2 hours before.
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