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
Ascending Volumes Signal SOL’s Next Bull Run—$250 in Sight?
Dogecoin Regrets? Lightchain AI Is the Best Crypto Presale That Could Rocket Your Dollars to the Moon
Paul Atkins Could Transform Crypto Rules as Trump’s Pick for SEC Chair
Bitcoin Price Recovery Sparks Speculation of New All-Time Highs Ahead of 2025 Wall Street Open